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OFF-MARKET
Investment properties
1942 Smith St, North Providence, RI 02911-1734
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US76-0017716
Property summary
AI-generated overview
Exceptional investment opportunity in North Providence, RI. This property features a fully renovated restaurant with a commercial kitchen, bar, dining area, and two bathrooms. Two additional income-producing residential units are included: a one-bedroom, one-bathroom apartment and a carriage house with a one-car garage, bedroom, updated kitchen, and living room. The 4,486 square foot lot houses two separate buildings, all recently updated with new flooring and modern kitchen finishes. The established restaurant business provides immediate income potential, complemented by the consistent rental income from the two residential units. This unique property presents a rare chance to acquire a multi-faceted income-generating asset in a desirable location. The property is located at 1942 Smith Street, North Providence, RI 02911. The asking price is $750,000. This turnkey operation offers a strong return on investment for the discerning buyer. Don't miss this chance to own a thriving commercial and residential property.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1898
Construction
FRAME
Total area
2,372 SF
Lot
0.1 ac (4,500 SF)
Zoning code
CV
APN
NPRO M:15 L:273
UPID
US76-0017716
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
Shanna Realty LLC · 4 yrs held
Shanna Realty LLC
since 2021
Last sale
$320,000
7 recorded transactions
Zoning & alternative use
CV · North 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 North Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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 2024Property tax & assessments
Tax year 2024
Assessed value
$327,400
Assessed 2024
Previous assessed
$327,400
+0.0% YoY
Assessed land
$89,800
Assessed improvement
$237,600
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
1898
Construction
FRAME
Heating
FORCED AIR
Buildings
2
Stories
1
Units
4
Total area
2,372 SF
Lot
0.1 ac (4,500 SF)
Zoning code
CV
APN
NPRO M:15 L:273
UPID
US76-0017716
Jurisdiction
NORTH PROVIDENCE
Zoning & alternative use
CV · North Providence, RI
Zoning CV · permitted uses
CV · North Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Providence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1898
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
2
Units
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Shanna Realty LLC
Entity
Mailing address
1942 SMITH ST, NORTH PROVIDENCE, RI 02911-1734
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Yini Diaz
—
Deed
related
$360,000 · Greenwood Cu
Sep 20, 2022
—
Yini Diaz
—
Deed
related
$30,000 · Carey Realty LLC
Nov 29, 2021
—
Shanna Realty LLC
Mho Realty LLC
Quit Claim Deed
related
—
Nov 29, 2021
$320,000
Yini Diaz
Shanna Realty LLC
Warranty Deed
$375,000 · Cape House Management
Dec 12, 2017
—
Shanna Realty LLC
Obrien,michael T
Quit Claim Deed
related
—
Sep 5, 2001
—
Ri Prop LLC
—
Deed Of Trust
related
$75,000 · First Federal Savings Bank
Nov 12, 1999
$75,000
Ri Properties LP
Santanelli,david
Grant Deed
—
Jun 13, 1995
$100,000
Casimir Sojka
Boitano,robert J
Grant Deed
$45,000 · Bobbys Seafood INC
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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