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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Investment properties
193 Waterman St, Providence, RI 02906-4064
Entity Owned
Property ID
US76-0096872
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
4,614 SF
Lot
0.21 ac (9,165 SF)
Zoning code
R-3
APN
PROV M:14 L:536
UPID
US76-0096872
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
Current use
Occupant on record · Public records
-
Dr Marie Donabella Physician Medical Clinic
-
Dr. Marie Donabella (Sauro) Physician Medical Clinic
-
sally craig Counselor
-
Nicholas Ferro, LICSW Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.30M
Owner & transaction history
Wayland Square Ests LLC
Wayland Square Ests LLC
since 2025
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
R-3 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$1,425,000
ML approach
$1,590,000
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,005,000
7%
$930,000
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.18M (Dec 3 2025)
Last sale anchor
$1.18M
Dec 3 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$282 / SF
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
$776,900
Assessed 2023
Previous assessed
$776,900
+0.0% YoY
Assessed land
$361,300
Assessed improvement
$415,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
3
Bathrooms
2
Total area
4,614 SF
Lot
0.21 ac (9,165 SF)
Zoning code
R-3
APN
PROV M:14 L:536
UPID
US76-0096872
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-3 · Providence, RI
Zoning 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
Providence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
3
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Wayland Square Ests LLC
Entity
Mailing address
10 ELMGROVE AVE, PROVIDENCE, RI 02906-4124
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
$1,175,000
Wayland Square Ests LLC
Great LLC
Warranty Deed
$1,150,000 · Great LLC
Aug 11, 2021
$900,000
Great LLC
Wedway Realty LLC
Warranty Deed
—
Oct 12, 2018
—
Wedway Realty LLC
—
Deed
related
$150,000 · Bank Of Rhode Island
Dec 18, 2017
$660,000
Wedway Reatly LLC
193 Waterman Street As
Warranty Deed
$506,250 · Bank Rhode Island
Oct 13, 1998
$155,000
193 Waterman St. Assoc
Knisley,robert E
Grant Deed
$230,000 · Citizens Bank Of Ri
—
—
Wedway Realty LLC
—
Deed Of Trust
related
$150,000 · Bank Of Rhode Island
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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