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Property profile & analytics
OFF-MARKET
Specialty properties
193 Hanover St Providence, RI 02907
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US76-0104040
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Lot
0.14 ac (5,886 SF)
Zoning code
R-3
APN
PROV M:31 L:504
UPID
US76-0104040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Manuel A Duarte · 23 yrs held
Manuel A Duarte
since 2003
2 recorded transactions
Zoning & alternative use
R-3 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, limited nonresidential uses which are compatible with surrounding residential neighborhoods may be allowed
Zone name
Residential District
General category
RESIDENTIAL
Zone area
3,340.21 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Providence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$77,100
Assessed 2023
Previous assessed
$77,100
+0.0% YoY
Assessed land
$57,400
Assessed improvement
$19,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Heating
NONE
Buildings
1
Lot
0.14 ac (5,886 SF)
Zoning code
R-3
APN
PROV M:31 L:504
UPID
US76-0104040
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-3 · Providence, RIZoning R-3 · permitted uses
R-3 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, limited nonresidential uses which are compatible with surrounding residential neighborhoods may be allowed
Zone name
Residential District
General category
RESIDENTIAL
Zone area
3,340.21 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Manuel A Duarte
Individual
Mailing address
177 HANOVER ST, PROVIDENCE, RI 02907-2774
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2010
—
Jose Garcia
—
Deed Of Trust
related
$70,000 · Sovereign Bank
Jul 23, 2003
$215,000
Manuel A Duarte
Margudo,carlos R
Grant Deed
$172,000 · Compass Bank For Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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