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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Specialty properties
220 Elmwood Ave Providence, RI 02907-1435
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US76-0095932
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1921
Construction
FRAME
Total area
19,847 SF
Lot
1.21 ac (52,708 SF)
Zoning code
C-2
APN
PROV M:44 L:147
UPID
US76-0095932
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
-
Dorcas International Institute of Rhode Island (North Campus) Charitable Organization Social Service Agency
-
Children's Friend Training Center Tutoring Service
-
Labor Standards Division State Government Office
-
Rhode Island Pro Latinos Association Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$750k
Owner & transaction history
Dorcas Place Parent · 24 yrs held
Dorcas Place Parent
since 2001
6 recorded transactions
Zoning & alternative use
C-2 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
911.10 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
Method
Estimation
Statistic approach
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
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
$38 / 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
$1,475,000
Assessed 2023
Previous assessed
$1,475,000
+0.0% YoY
Assessed land
$452,700
Assessed improvement
$1,022,300
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
1921
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
19,847 SF
Lot
1.21 ac (52,708 SF)
Zoning code
C-2
APN
PROV M:44 L:147
UPID
US76-0095932
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-2 · Providence, RIZoning C-2 · permitted uses
C-2 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the C-2 General Commercial District is intended for more intensive commercial uses and key commercial nodes, including larger retail establishments
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
911.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1921
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Dorcas Place Parent
Individual
Mailing address
903 BROAD ST, PROVIDENCE, RI 02907-1828
Ownership since
2001
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
Aug 14, 2024
—
Dorcas Intl Inst Of Ri In
—
Deed
related
$500,000 · Bank Rhode Island
Aug 17, 2001
$1,270,000
Dorcas Place Parent
Lacroix,roy A
Grant Deed
$963,000 · Citizens Bank Of Ri
Jan 4, 2000
$113,300
Roy A Lacroix
Thomasian Parking INC
Grant Deed
$892,000 · Department Of Hsng & Cmnty Ma
Jan 4, 2000
—
Thomasian Parking INC
—
Deed Of Trust
related
$37,000 · Domestic Bank
Aug 26, 1999
—
Thomasian Parking
—
Deed Of Trust
related
$560,000 · Domestic Bank
Feb 27, 1998
—
Thomasian Parking INC
—
Deed Of Trust
related
$67,000 · Domestic 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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