Entity Owned Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1855
Construction
FRAME
Total area
16,424 SF
Lot
0.81 ac (35,453 SF)
Zoning code
R-2
APN
PROV M:16 L:239
UPID
US76-0157388
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.11M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$2.74M
Owner & transaction history
since 2021
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
R-2 · Providence, RI
Top alternative use upside
Office building
$3.5M
+32.2%
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 recent transactions
Comparable in this City
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.74M
Value range
$2.46M – $3.01M
±10% around blend
Estimated value / SF
$167 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
80
$2.46M
blend $2.74M
$3.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,424 SF
Lot area
0.81 ac
Year built
1855
Stories
3
APN
PROV M:16 L:239
Zoning
R-2
Assessed value
$2,241,600
Annual tax
$78,680
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.58M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.87M
@ 6.5% CAP return
$3.58M
@ 7% CAP return
$3.32M
4
Sales comparison
Partial preview
Sales approach indication
$2.35M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.0 mi away · 12,177 SF
2.2 mi away · 13,520 SF
2.3 mi away · 20,532 SF
3.0 mi away · 11,843 SF
3.5 mi away · 18,159 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.74M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 605 sales
$162
+3%
County 1487 sales
$146
+14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $167/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
+32%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
7.70%
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 · 7.70%
9.0%
NOI (est.)
$140k *
Last sale · Sep 2021
$2.00M
* 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$1.82M
Move the market yield to see immediate price impact.
Value / SF
$111
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
7.20%7.70%8.20%
$126k
$1.75M
$1.64M
$1.54M
$140k
$1.94M
$1.82M
$1.71M
$154k
$2.14M
$2.00M
$1.88M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$2.40M
0.4 mi · Jan 2026 · $115/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,680
Tax year 2023
Assessed value
$2,241,600
Assessed 2023
Previous assessed
$2,241,600
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$1,322,800
Assessed improvement
$918,800
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
1855
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
16,424 SF
Lot
0.81 ac (35,453 SF)
Zoning code
R-2
APN
PROV M:16 L:239
UPID
US76-0157388
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-2 · Providence, RIZoning R-2 · permitted uses
R-2 · Providence, 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
1855
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-2
Jurisdiction
Providence, RI
Recorded code
R-2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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