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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Investment properties
196 Waterman St Providence, RI 02906-4071
Entity Owned
3-yr Hold
Property ID
US76-0166891
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,444 SF
Lot
0.12 ac (5,136 SF)
Zoning code
R-P
APN
PROV M:14 L:504
UPID
US76-0166891
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. Barry Wall Physician
-
Dr. Peter D. Kramer Physician
-
Dr. Diana Lidofsky Physician Medical Clinic
-
Coldwell Banker Realty - Providence Real Estate Agency
-
Teresa Guaba, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.03M
Owner & transaction history
196 Waterman St Rlty LLC · 3 yrs held
196 Waterman St Rlty LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R-P · 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
$1,280,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.01M (Apr 7 2023)
Last sale anchor
$1.01M
Apr 7 2023
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
$298 / 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
$764,700
Assessed 2023
Previous assessed
$764,700
+0.0% YoY
Assessed land
$352,800
Assessed improvement
$411,900
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
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
3
Bathrooms
1
Total area
3,444 SF
Lot
0.12 ac (5,136 SF)
Zoning code
R-P
APN
PROV M:14 L:504
UPID
US76-0166891
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-P · Providence, RI
Zoning R-P · permitted uses
R-P · 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
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
3
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
196 Waterman St Rlty LLC
Entity
Mailing address
196 WATERMAN ST, PROVIDENCE, RI 02906-4071
Ownership since
2023
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
Apr 7, 2023
—
196 Waterman St Rlty LLC
Brendan J Carolan
Quit Claim Deed
related
—
Jun 9, 2022
$1,005,000
Brendan J Carolan
Stevlor Realty LLC
Warranty Deed
$653,250 · The Washington Trust Co Of Westerly
Feb 22, 2018
—
Stevlor Realty LLC
—
Deed
related
$428,000 · Td Bk NA
Jan 14, 2008
—
Stevlor Realty
—
Deed Of Trust
related
$700,000 · Bank Of America
Feb 23, 2004
$650,000
Stevlor LLC
Apm Assoc
Grant Deed
$505,000 · Fleet National Bank
Apr 13, 2000
$210,000
Brian Beck
Holland,robert K
Grant Deed
$147,050 · Citizens Mortgage INC
Mar 31, 1993
$65,000
Robert K Holland
Bert,amelia
Grant Deed
related
$90,000 · Citizens Savings Bank Providen
—
—
Stevlor Realty LLC
—
Deed Of Trust
related
$428,000 · Td Bk NA
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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