Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Massasoit Ave Ste, Unit 113 East Providence, RI 02914-2040

    • Office Properties & Spaces
    • 1,834 SF
    OFF-MARKET
    Last Sale
    Nov 01, 2022
    $515,000
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    4.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US76-0128225
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 400 Massasoit Ave Ste

    Year built
    1990
    Property size
    1,834 SF
    Zone code
    I1
    Property type
    Office Properties & Spaces
    APN
    EPRO M:304 B:08 L:003 U:113
    APU
    EPROM304B08L003U113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $565,000
      ML approach
      $520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $420,000
      6.5%
      $390,000
      7%
      $360,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.365
    Latitude
    41.8312
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,480
    $0.00
    $145,500
    $145,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      877 Broadway Ave

      Individual retail properties
      877 Broadway Ave, East Providence, RI 02914
      View Details
    • Value Estimation by Request
      1,377 SF

      450 Veterans Memorial Pkwy5b

      CONDOMINIUM OFFICES • 1,377 SF
      450 Veterans Memorial Pkwy5b, East Providence, RI 02914-5300
      View Details
    • Value Estimation by Request
      1,169 SF

      450 Veterans Memorial Pkwy1a

      CONDOMINIUM OFFICES • 1,169 SF
      450 Veterans Memorial Pkwy1a, East Providence, RI 02914-5300
      View Details
    • Value Estimation
      $505,000
      2,220 SF

      450 Veterans Memorial Pkwy4c

      CONDOMINIUM OFFICES • 2,220 SF
      450 Veterans Memorial Pkwy4c, East Providence, RI 02914-5300
      View Details
    • Value Estimation by Request
      823 SF

      400 Massasoit Ave Ste, Unit 105

      CONDOMINIUM OFFICES • 823 SF
      400 Massasoit Ave Ste, East Providence, RI 02914-2017
      View Details
    • Value Estimation by Request
      1,188 SF

      400 Massasoit Ave, Unit 205

      CONDOMINIUM OFFICES • 1,188 SF
      400 Massasoit Ave, East Providence, RI 02914-2012
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Broadway Commercial Space

      Four-unit building, 3795 sq ft, high visibility
      999 Broadway, East Providence, RI 02914
      View Details
    • $429,000

      Prime East Providence Commercial Land

      Mixed-use building, high traffic area, $429,000
      468 Warren Ave, East Providence, RI 02914
      View Details
    • $775,000

      Prime East Providence Commercial Property

      Multi-use building, 9,995 sq ft lot, high visibility.
      877 Broadway Ave, East Providence, RI 02914
      View Details
    • Contact for pricing

      East Providence Corner Office Space

      Updated office space in a convenient East Providence location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • $2,000,000

      Three-Story Office Building For Sale

      Versatile three-story office building with established tenants and prime location.
      999 S Broadway, East Providence, RI 02914
      View Details
    • $795,000
      7,296 SF

      East Providence Office Building For Sale

      Office building with two units, secured parking, and flexible space.
      312-314 Waterman Ave, East Providence, RI 02914
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      24,600 SF

      Prime East Providence Office Space

      Nine private offices, 3600 sq ft, ideal location.
      22 Almeida Ave, East Providence, RI 02914
      View Details
    • $15 SF/Yr
      3,795 SF

      Prime East Providence Office Space

      Retail/Office Building, 3795 sq ft, 75+ Parking
      999 Broadway, East Providence, RI 02914
      View Details
    • $22 SF/Yr
      2,500 SF

      Move-in Ready Office/Medical Suite

      2,500 SF office/medical suite with ample parking.
      450 Veterans Memorial Pkwy, East Providence, RI 02914
      View Details
    • Contact for pricing
      16,000 SF

      East Providence Office Space Available

      Class A office space for lease near Downtown Providence.
      50 Jordan St, East Providence, RI 02914
      View Details
    • $18 SF/Yr
      3,600 SF

      East Providence Office Space Available

      3,600 SF office space with nine private offices for rent.
      22 Almeida Ave, East Providence, RI 02914
      View Details
    • Contact for pricing
      216,444 SF

      Wampanoag Plaza: Retail Space Available

      Grocery-anchored shopping center; prime East Providence location.
      1925 Pawtucket Ave, East Providence, RI 02914
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Massasoit Ave Ste, Unit 113
    East Providence, RI 02914-2040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.