350 Broadway Rumford, RI 02916-3519
Individually Owned
1-yr Hold
Free & Clear
Estimated value (blended)
$515k
Range $464k – $567k (±10%)
Implied cap rate
4.40%
In-place · NOI ÷ last sale
Property ID
US76-0139334
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,926 SF
Lot
0.25 ac (10,929 SF)
Zoning code
C2
APN
EPRO M:404 B:23 L:007 U:
UPID
US76-0139334
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm
-
Grocery & Convenience Store
-
Atm Money Transfer Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$350k
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$515k
Owner & transaction history
since 2025
Last sale
$515,000
4 recorded transactions
Zoning & alternative use
C2 · Rumford, RI
Top alternative use upside
Office building
$500,000
+63.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 34 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$515k
Value range
$464k – $567k
±10% around blend
Estimated value / SF
$267 / SF
Confidence
High
34 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$464k
blend $515k
$567k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,926 SF
Lot area
0.25 ac
Year built
1970
Stories
1
APN
EPRO M:404 B:23 L:007 U:
Assessed value
$323,800
Annual tax
$7,745
3
Income approach: direct capitalization
Partial preview
Income approach indication
$350k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$380k
@ 6.5% CAP return
$350k
@ 7% CAP return
$325k
4
Sales comparison
Partial preview
Sales approach indication
$424k
Weighted, 20 comps · high confidence
Evidence
34 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.6 mi away · 1,440 SF
1.8 mi away · 2,280 SF
3.0 mi away · 1,612 SF
3.4 mi away · 2,138 SF
3.5 mi away · 1,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$515k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 137 sales
$159
+68%
County 1487 sales
$146
+83%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $267/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+64%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 34 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
4.40%
Implied, in-place cap rate for this showrooms
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.40%
9.0%
NOI (est.)
$36k *
Last sale · Aug 2024
$515k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$819k
Move the market yield to see immediate price impact.
Value / SF
$425
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.90%4.40%4.90%
$32k
$832k
$737k
$662k
$36k
$924k
$819k
$736k
$40k
$1.02M
$901k
$809k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
34 found
High confidence · county-verified
Closest comparable
$339k
0.8 mi · Apr 2026 · $138/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,745
Tax year 2024
Assessed value
$323,800
Assessed 2024
Previous assessed
$323,800
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$151,900
Assessed improvement
$171,900
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
20
Bathrooms
3
Total area
1,926 SF
Lot
0.25 ac (10,929 SF)
Zoning code
C2
APN
EPRO M:404 B:23 L:007 U:
UPID
US76-0139334
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
C2 · Rumford, RIZoning C2 · permitted uses
C2 · Rumford, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
20
Bathrooms
3
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
Rumford, RI
Recorded code
C2
Ownership Intelligence
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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