Financial
Distress signals
Property profile

488 Smith St Providence, RI 02908

OFF-MARKET
Showrooms
Property ID
US76-0200301
1,700 SF 0.04 ac lot Built 1930
Last sale Mar 2026 · $230,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 488 Smith St in Providence is a commercial storefront building located on Smith Street near the intersection with Chalkstone Ave. It previously operated as a fish market. The structure requires comprehensive rehabilitation, including a roof replacement and repairs related to the roof having collapsed into the basement, as well as a gut renovation of the interior. The building is configured for commercial use, with conditions suitable for redevelopment or reuse following the needed repairs.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$154k
Assessed land$61k
Assessed improvement$93k
Effective rate3.51%

Value estimate

· Sep 2026
$70k
$63k – $77k
AI approach$70k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$143/SF
ZIP average, outlier-cleaned · 82 recorded sales of this use type
Observed band · Q1–Q3$83 – $193
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-3
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and th...
General categoryRESIDENTIAL
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Acupuncture
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Acupuncture9.7
Daycare Center9.1
Pet Grooming Service8.5

Location

488 Smith St Providence, RI 02908-4307
County assessor Recorded deeds · 4 transfers 12 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
931 Smith, Providence, RI 02908-2704 $415,000 Oct 2024 1,692 SF
15 Camden, Providence, RI 02908-3601 $400,000 Aug 2024 1,428 SF
10 Prescott, Providence, RI 02908-5410 $200,000 Sep 2023 1,640 SF
952 Chalkstone, Providence, RI 02908-4203 $160,000 Aug 2023 1,792 SF
20 Prescott, Providence, RI 02908-5410 $270,000 Jul 2023 1,632 SF
531 Smith, Providence, RI 02908-4350 $350,000 Jun 2023 2,138 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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