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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Investment properties
50 Hedley Ave Central Falls, RI 02863-1964
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0346610
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
13,329 SF
Lot
0.12 ac (5,384 SF)
Zoning code
R-3
APN
CENT M:06 P:271
UPID
US76-0346610
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
Current use
Occupant on record · Public records
-
Hedco Limited Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$945k
Owner & transaction history
Danvaq Ll · 2 yrs held
Danvaq Ll
since 2024
Last sale
$775,000
5 recorded transactions
Zoning & alternative use
R-3 · Central Falls, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-3 multi-household dwelling district. This zone is intended for medium density residential areas comprised of structures containing single dwelling units, two-dwelling units and multiple-dwelling units located on lots with a minimum land area of 5,000 sq. ft. and a minimum land area of 2,000 sq. ft. per dwelling unit. 101.2 - Commercial zoning districts.
Zone name
Multi Household Dwelling
General category
RESIDENTIAL
Zone area
307.02 ac
Source
Zoning Ordinance
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 Central Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Falls 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
$1,225,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,565,000
Current use
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $775k (Jan 1 2024)
Last sale anchor
$775k
Jan 1 2024
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
$71 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,487
Tax year 2021
Assessed value
$584,400
Assessed 2024
Previous assessed
$584,400
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$68,400
Assessed improvement
$516,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
SPACE
Buildings
1
Stories
3
Units
7
Rooms
31
Bathrooms
9
Total area
13,329 SF
Lot
0.12 ac (5,384 SF)
Zoning code
R-3
APN
CENT M:06 P:271
UPID
US76-0346610
Jurisdiction
CENTRAL FALLS
Zoning & alternative use
R-3 · Central Falls, RIZoning R-3 · permitted uses
R-3 · Central Falls, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-3 multi-household dwelling district. This zone is intended for medium density residential areas comprised of structures containing single dwelling units, two-dwelling units and multiple-dwelling units located on lots with a minimum land area of 5,000 sq. ft. and a minimum land area of 2,000 sq. ft. per dwelling unit. 101.2 - Commercial zoning districts.
Zone name
Multi Household Dwelling
General category
RESIDENTIAL
Zone area
307.02 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
SPACE
Stories
3
Buildings
1
Units
7
Rooms
31
Bathrooms
9
Lot
0.12 ac
Current owner
From public records · entity-resolved
Danvaq Ll
Individual
Mailing address
50 HEDLEY AVE, CENTRAL FALLS, RI 02863-1964
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$775,000
Danvaq Ll
Greenfin Prop LLC
Warranty Deed
$503,750 · Eastern Bank
Oct 27, 2022
—
Greenfin Properties LLC
—
Deed
related
$20,100,000 · Country Bank
Oct 12, 2021
$10,876,500
Greenfin Properties LLC
Rissport 2 LLC
Quit Claim Arm's Length For Ne States
$22,825,000 · Corevest American Finance
Aug 2, 2017
$360,372
Rissport 2-3 LLC
Land,richard J
Grant Deed
—
Aug 8, 2012
—
Hedco Ltd
—
Deed Of Trust
related
$1,085,000 · Bank Of Newport
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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