Realmo Analytics

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Property profile

325 Illinois St Central Falls, RI 02863

FOR SALE
Other industrial properties
Property ID
US76-0330369
4,600 SF 0.16 ac lot Built 1900
Last sale Aug 2026 · $300,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial site that includes three commercial lots and an interior commercial building totaling approximately 4,600 square feet across two levels. It features 16-foot high ceilings and is configured for a range of uses, with potential for business operations or leasing, and consideration for residential conversion or mixed-use development depending on applicable zoning and approvals.

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 · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$160k
Assessed land$48k
Assessed improvement$112k
Effective rate3.09%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$207
Operating expenses−$5k
NOI · 5.84% cap applied$29k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 277 recorded sales of this use type
Observed band · Q1–Q3$43 – $122
Qualifying comparables7

Cap rate analysis

How does the asset earn?
5.84%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-2
R-2 two-household district. This zone is intended for medium density residential areas comprising single dwelling unit and two-dwelling u...
General categoryRESIDENTIAL
JurisdictionCENTRAL FALLS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.0
Realty agency13.7
Parking Facility12.5

Location

325 Illinois St Central Falls, RI 02863
County assessor Recorded deeds · 1 transfer 7 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
48 Conduit, Central Falls, RI 02863-1220 $69,540 Dec 2025 8,704 SF
464 Broad, Central Falls, RI 02863-3035 $299,990 Apr 2024 4,251 SF
6 Chases, Central Falls, RI 02863-1504 $645,000 Mar 2023 7,956 SF
381 Roosevelt, Central Falls, RI 02863 $400,000 Aug 2022 15,477 SF
535 Lonsdale, Central Falls, RI 02863 $1,850,000 Aug 2022 3,724 SF
31 Conduit, Central Falls, RI 02863-1221 $230,000 Sep 2021 15,556 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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