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Property profile

288 Thayer St Providence, RI 02906

OFF-MARKET
Showrooms
Property ID
US76-0214477
6,767 SF 0.19 ac lot Built 1900
Last sale Aug 2002 · $1,800,000
Individually Owned Owner of record is an individual. 24-yr Hold Held for 24 years.
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Property summary

AI-generated overview

The property is an established coffee shop business configuration located at 288 Thayer Street in Providence, Rhode Island, near Brown University and RISD. It is arranged as an operating drink-shop use, including the associated equipment, drink recipes, and work/operating setup to support continued café service rather than an unoccupied retail space. The storefront is situated within a mixed-use area with nearby restaurants, retail shops, and university-related activity, corresponding to consistent pedestrian traffic in the surrounding district.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value$1.46M
Assessed land$1.00M
Assessed improvement$454k
Effective rate3.51%

Value estimate

· Nov 2026
$1.40M
$1.26M – $1.54M
CAP approach$1.48M
Submarket $/SF estimate$1.00M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$323/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$217 – $444
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-2
The I-2 Educational Institutional District is intended to permit higher education institutions and their expansion in a planned manner wh...
General categoryCIVIC_INSTITUTIONAL
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.0
Locksmith8.7
Laundry Service8.3

Location

288 Thayer St Providence, RI 02906-1548
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
271 Thayer, Providence, RI 02906-1524 $3,700,000 Dec 2025 9,135 SF
49 Seekonk, Providence, RI 02906-5176 $2,450,000 Jul 2025 9,202 SF
206 Waterman, Providence, RI 02906-4301 $599,000 May 2024 3,206 SF
137 Gano, Providence, RI 02906 $3,000,000 Jul 2022 5,830 SF
285 Governor, Providence, RI 02906-3237 $2,350,000 Sep 2021 8,360 SF
141 Wayland, Providence, RI 02906-4303 $700,000 Aug 2021 5,622 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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