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Property profile & analytics
OFF-MARKET
Showrooms
31 Humbert St, North Providence, RI 02911-2721
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0192697
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1956
Construction
STEEL FRAME
Total area
5,700 SF
Lot
0.36 ac (15,865 SF)
Zoning code
ML
APN
NPRO M:11 L:294
UPID
US76-0192697
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
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
Spartan Prop LLC · 1 yrs held
Spartan Prop LLC
since 2025
Last sale
$370,000
7 recorded transactions
Zoning & alternative use
ML · North 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 North Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,423
Tax year 2024
Assessed value
$317,900
Assessed 2024
Previous assessed
$317,900
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$134,400
Assessed improvement
$183,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1956
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
5,700 SF
Lot
0.36 ac (15,865 SF)
Zoning code
ML
APN
NPRO M:11 L:294
UPID
US76-0192697
Jurisdiction
NORTH PROVIDENCE
Zoning & alternative use
ML · North Providence, RI
Zoning ML · permitted uses
ML · North Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Providence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Spartan Prop LLC
Entity
Mailing address
31 HUMBERT ST, NORTH PROVIDENCE, RI 02911-2721
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 9, 2025
—
Spartan Prop LLC
Sparticorp LLC
Quitclaim Deed
related
—
Apr 28, 2023
$370,000
Sparticorp LLC
Layas Realty LLC
Warranty Deed
—
Feb 4, 2022
—
Layas Realty LLC
—
Deed
related
$100,000 · Phillip Maxwell LLC
May 21, 2019
$260,000
Layas Realty LLC
Ya Ya LLC
Warranty Deed
$200,000 · Phillip Maxwell LLC
Aug 5, 2016
$210,000
Ya Ya LLC
Assunta Fallone
Warranty Deed
$180,000 · Bristol County Savings Bank
Nov 23, 2015
—
Heather R Keene
Fallone,adam J
Quit Claim Deed
related
—
Jun 10, 2002
$142,500
John Fallone
Egan Daniel A Est
Grant Deed
$170,000 · Bristol County Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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