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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Investment properties
234 Warren Ave East Providence, RI 02914-4700
Entity Owned
2-yr Hold
Property ID
US76-0179018
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
CONCRETE
Total area
6,112 SF
Lot
0.1 ac (4,500 SF)
Zoning code
C3
APN
EPRO M:206 B:26 L:011 U:
UPID
US76-0179018
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
-
Ponto Um Market Grocery & Convenience Store
-
Revival Church Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$660k
Owner & transaction history
Ocean State Estates LLC · 2 yrs held
Ocean State Estates LLC
since 2023
Last sale
$650,000
4 recorded transactions
Zoning & alternative use
C3 · East 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 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
$830,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$985,000
Current use
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $650k (Sep 7 2023)
Last sale anchor
$650k
Sep 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
$108 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$9,049
Tax year 2021
Assessed value
$421,400
Assessed 2024
Previous assessed
$421,400
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$129,600
Assessed improvement
$291,800
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
1940
Construction
CONCRETE
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
15
Bathrooms
2
Total area
6,112 SF
Lot
0.1 ac (4,500 SF)
Zoning code
C3
APN
EPRO M:206 B:26 L:011 U:
UPID
US76-0179018
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
C3 · East Providence, RI
Zoning C3 · permitted uses
C3 · East Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Providence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$985,000
COMMERCIAL (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
1940
Construction
CONCRETE
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
15
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ocean State Estates LLC
Entity
Mailing address
234 WARREN AVE, EAST PROVIDENCE, RI 02914-4700
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
$650,000
Ocean State Estates LLC
Synergy Capital LLC
Warranty Deed
$487,500 · Banknewport
Sep 26, 2018
—
Synergy Cap LLC
—
Deed
related
$935,000 · Bank Of Rhode Island
Mar 24, 2017
$250,000
Synergy Capital LLC
Brittany Properties LLC
Warranty Deed
$125,000 · Christopher D Grp
—
—
Synergy Cap LLC
—
Deed Of Trust
related
$935,000 · Bank Of Rhode Island
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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