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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Specialty properties
5 Convent St Providence, RI 02908-4331
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US76-0006009
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,080 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R-4
APN
PROV M:82 L:161
UPID
US76-0006009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$595k
Owner & transaction history
Operation Stand Down Ri · 10 yrs held
Operation Stand Down Ri
since 2016
4 recorded transactions
Zoning & alternative use
R-4 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-4 Residential District accommodates a variety of residential structures like single family, two family and semi detached, three family, rowhouses, and multi family housing and accommodates higher density residential development in areas that minimize negative impacts to lower density residential neighborhoods additionally, limited non re…
Zone name
Residential District
General category
RESIDENTIAL
Zone area
667.30 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Providence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2015Property tax & assessments
Tax year 2015
Tax billed
$21,315
Tax year 2015
Assessed value
$1,109,200
Assessed 2023
Previous assessed
$1,109,200
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$154,000
Assessed improvement
$955,200
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
3
Units
14
Bathrooms
14
Total area
10,080 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R-4
APN
PROV M:82 L:161
UPID
US76-0006009
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-4 · Providence, RIZoning R-4 · permitted uses
R-4 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-4 Residential District accommodates a variety of residential structures like single family, two family and semi detached, three family, rowhouses, and multi family housing and accommodates higher density residential development in areas that minimize negative impacts to lower density residential neighborhoods additionally, limited non residential uses, which are compatible with surrounding residential neighborhoods, may be allowed
Zone name
Residential District
General category
RESIDENTIAL
Zone area
667.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Buildings
1
Units
14
Bathrooms
14
Lot
0.3 ac
Current owner
From public records · entity-resolved
Operation Stand Down Ri
Individual
Mailing address
1010 HARTFORD AVE, JOHNSTON, RI 02919-5074
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2016
—
Operation Stand Down Ri
Omni Dev Corp
Quit Claim Deed
related
—
Feb 17, 2011
$450,000
Oni Dev Corp
Henry C Lemire JR
Warranty Deed
$457,000 · Corp For Support
Oct 24, 2006
—
Mark Reo
—
Deed Of Trust
related
$120,000 · Henry C Lemire
Dec 12, 2005
$750,000
Henry C Lemire
Trinity Rlty LLC
Deed
$606,000 · Equity One INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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