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Property profile & analytics
OFF-MARKET
Specialty properties
199 Hope St 2 Providence, RI 02906-2136
Individually Owned
22-yr Hold
Absentee Owner
Property ID
US76-0135596
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1863
Total area
1,925 SF
Zoning code
R-P
APN
PROV M:13 L:185 U:2
UPID
US76-0135596
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
-
Lippitt House Museum Hotel & Motel Resort
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
Rhode Island Preserve · 22 yrs held
Rhode Island Preserve
since 2004
1 recorded transaction
Zoning & alternative use
R-P · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-P Residential Professional District is intended to preserve and enhance the residential integrity of select heavily traveled streets where certain residential-professional and low intensity commercial uses are compatible and compatible non residential uses are those that can be accommodated within an existing residential structure to pre…
Zone name
Residential Professional District
General category
COMMERCIAL
Zone area
80.82 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
$1,208,300
Assessed 2023
Previous assessed
$1,208,300
+0.0% YoY
Assessed improvement
$1,208,300
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
Year built
1863
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
7
Bathrooms
2
Total area
1,925 SF
Zoning code
R-P
APN
PROV M:13 L:185 U:2
UPID
US76-0135596
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-P · Providence, RIZoning 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
Zoning description
The purpose of the R-P Residential Professional District is intended to preserve and enhance the residential integrity of select heavily traveled streets where certain residential-professional and low intensity commercial uses are compatible and compatible non residential uses are those that can be accommodated within an existing residential structure to preserve the character of the street and its architecturally attractive and distinctive qualities
Zone name
Residential Professional District
General category
COMMERCIAL
Zone area
80.82 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1863
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
7
Bathrooms
2
Current owner
From public records · entity-resolved
Rhode Island Preserve
Individual
Mailing address
957 N MAIN ST, PROVIDENCE, RI 02904-5715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2004
—
Rhode Island Preserve
—
Deed Of Trust
related
$200,000 · Citizens Mortgage 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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