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Property profile & analytics
OFF-MARKET
Estimated value
$3,440,000
Showrooms
32 Br Ave Providence, RI 02904-2714
Entity Owned
Free & Clear
Property ID
US76-0046552
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,246 SF
Lot
0.35 ac (15,365 SF)
Zoning code
C-3
APN
PROV M:74 L:121
UPID
US76-0046552
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
-
Nikki's Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.44M
Owner & transaction history
Aab Properties LLC
Aab Properties LLC
since 2026
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
C-3 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+47.7%
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
$3,275,000
ML approach
$3,695,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,195,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$3.44M
Range $3.10M – $3.78M · ±10% · vs last sale $4.00M (May 21 2025)
Last sale anchor
$4.00M
May 21 2025
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
$336 / 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
Tax billed
$35,560
Tax year 2023
Assessed value
$1,013,100
Assessed 2023
Previous assessed
$1,013,100
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$265,900
Assessed improvement
$747,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
1
Stories
2
Units
2
Total area
10,246 SF
Lot
0.35 ac (15,365 SF)
Zoning code
C-3
APN
PROV M:74 L:121
UPID
US76-0046552
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-3 · Providence, RI
Zoning C-3 · permitted uses
C-3 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Providence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.2M
OFFICE BUILDING
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Units
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Aab Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
32 BR AVE, PROVIDENCE, RI 02904-2714
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Aab Properties LLC
Rab Properties LLC
Warranty Deed
—
Aug 21, 2025
$4,000,000
Rab Properties LLC
Nationl Small Vent LLC
Warranty Deed
—
Nov 26, 2024
—
National Small Vent LLC
—
Deed
related
$2,900,000 · Cobble Hill Development LLC
Dec 18, 2023
—
National Small Vent LLC
—
Deed
related
$2,500,000 · Cobble Hill Development LLC
Jan 19, 2023
$4,000,000
National Small Vent LLC
Envoy Realty LLC
Quit Claim Arm's Length For Ne States
$3,997,236 · Thomas Badway
Jan 21, 2011
—
S Weiss T Howard
—
Deed Of Trust
related
$1,200,000 · Greenwood Cu
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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