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Financial
Distress signals
Property profile

489 Elmwood Ave Providence, RI 02907

OFF-MARKET
Investment properties
Property ID
US76-0006576
3,953 SF 0.11 ac lot Built 1900
Individually Owned Owner of record is an individual. 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address.
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 4,804 sq ft commercial lot at 489 Elmwood Avenue in Providence, RI, 02907. Built in 1900, this property features one building and is zoned for retail use. The asking price is $70,000. Included in the sale are existing fixtures such as racks and display units, essential equipment (fax, phone, register, camera system), and inventory at the time of purchase. A designated parking space in a secure gated area is also provided. Optional dumpster access is…

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

What does the county charge?
Assessed value · 2023$248k
Assessed land$85k
Assessed improvement$164k

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$335k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
ZIP average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$100 – $213
Qualifying comparables15

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?
C-1
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.9
Parking Facility10.5
Garden Center10.0

Location

489 Elmwood Ave Providence, RI 02907-1791
County assessor Recorded deeds · 4 transfers 15 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
908 Broad, Providence, RI 02907-1829 $670,000 Apr 2025 4,879 SF
728 Broad, Providence, RI 02907-1642 $725,000 Dec 2024 3,738 SF
252 Adelaide, Providence, RI 02907-1833 $800,000 Oct 2022 4,825 SF
759 Potters, Providence, RI 02907-3065 $220,000 Sep 2022 4,264 SF
677 Cranston, Providence, RI 02907-2839 $300,000 Aug 2022 4,424 SF
280 Elmwood, Providence, RI 02907-1524 $10,953 Jun 2021 4,212 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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