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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Industrial properties
22 Almeida Ave East Providence, RI 02914-1018
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US76-0050116
Property summary
AI-generated overview
This exceptional 3,600 square foot office space is situated on the second floor of a two-story building at 22 Almeida Avenue in East Providence, Rhode Island, 02914. The property boasts nine private offices, perfect for a variety of business needs. Natural light floods the space, creating a bright and productive work environment. A convenient kitchenette and private restroom are included for employee comfort. This single-tenant space is part of a larger 24,600 square foot building and is easily accessible via public transportation, as it's located along a bus line. Its strategic location near the Massachusetts/Rhode Island state line provides easy access to major highways, including I-195 and I-95, and offers a quick commute to downtown Providence. The building does not have an elevator
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,800 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I3
APN
EPRO M:606 B:02 L:002 U:
UPID
US76-0050116
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
-
Cod Oil Gas Station
-
Independent Pipe and Supply Corporation Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.48M
Owner & transaction history
Orh East Providence LLC
Orh East Providence LLC
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
I3 · East Providence, RI
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 East Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$2,400,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
$2,765,000
6.5%
$2,555,000
7%
$2,370,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,640,000
Current use
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $1.80M (Nov 25 2020)
Last sale anchor
$1.80M
Nov 25 2020
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
$78 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$42,288
Tax year 2024
Assessed value
$1,767,900
Assessed 2024
Previous assessed
$1,767,900
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$573,100
Assessed improvement
$1,194,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
1
Units
1
Rooms
27
Bathrooms
3
Total area
31,800 SF
Lot
3.03 ac (131,987 SF)
Zoning code
I3
APN
EPRO M:606 B:02 L:002 U:
UPID
US76-0050116
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
I3 · East Providence, RIZoning I3 · permitted uses
I3 · East Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
1
Units
1
Rooms
27
Bathrooms
3
Lot
3.03 ac
Current owner
From public records · entity-resolved
Orh East Providence LLC
Entity
Mailing address
6 WHITMAN RD, CANTON, MA 02021-2706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
$2,509,296
Orh East Providence LLC
22 Almeida Ave LLC
Deed
$13,140,000 · Banknewport
Nov 25, 2020
$1,800,000
22 Almeida Ave LLC
Benker Family LLC
Warranty Deed
$1,440,000 · Eastern Bank
Sep 10, 2004
$1,100,000
Benker Family LLC
Bronhard,walter
Grant Deed
$880,000 · Fleet National Bank
Aug 15, 2003
$875,000
Walter Bronhard
Higgins,james JR
Grant Deed
—
Jun 8, 2000
—
James I Higgins JR.
—
Deed Of Trust
related
$680,000 · Fleet National Bank
May 7, 1999
—
James I Higgins
—
Deed Of Trust
related
$400,000 · Peoples Bank Brockton
Sep 22, 1988
$600,000
James Higgins JR
The Caroline Corp
Grant Deed
$1,000,000 · Fleet National Bank
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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