Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    50 Pne St, Unit 3 Providence, RI 02903-2835
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    50 Pne St, Unit 3 Providence, RI 02903-2835

    View on Map
    • Office properties & Spaces
    • 4,638 SF
    Off-Market
    Last Sale Nov 25, 2020
    Property ID
    US76-0089841
    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.
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 50 Pne St

    Year built
    1900
    Property size
    4,638 SF
    Zone code
    D-1-12
    Property type
    Office properties & Spaces
    APN
    PROV M:20 L:107 U:3
    APU
    PROVM20L107U3

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,410,000
      6.5%
      $1,300,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,273,000
      Market price range: $572k - $2.16M
      AI Estimate
      $717,000
      Market price range: $534k - $1.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4094
    Latitude
    41.8228
    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
    2023
    $17,259
    $0.00
    $491,700
    $491,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      130 Westminster St

      Amusement parks
      130 Westminster St, Providence, RI 02903
      View Details
    • Value Estimation by Request
      10,004 SF

      68 Kennedy Plz

      Medical Office Space • 10,004 SF
      68 Kennedy Plz, Providence, RI 02903
      View Details
    • Value Estimation by Request
      3,156 SF

      327 Westminster St, Unit 2

      CONDOMINIUM OFFICES • 3,156 SF
      327 Westminster St, Providence, RI 02903
      View Details
    • Value Estimation by Request
      29,500 SF

      112 Union St

      Office properties & Spaces • 29,500 SF
      112 Union St, Providence, RI 02903
      View Details
    • Value Estimation
      $540,000
      2,345 SF

      123 Dorrance St, Unit 11

      CONDOMINIUM OFFICES • 2,345 SF
      123 Dorrance St, Providence, RI 02903-2806
      View Details
    • Value Estimation by Request
      1,263 SF

      123 Dorrance St, Unit 13

      CONDOMINIUM OFFICES • 1,263 SF
      123 Dorrance St, Providence, RI 02903-2806
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Providence Commercial Space For Sale

      3,500 sq ft commercial space in high-traffic area.
      71 Richmond St, Providence, RI 02903
      View Details
    • Contact for pricing
      2,279 SF

      Downtown Office Space in Providence

      Versatile office condo in historic Masonic Temple Building.
      127 Dorrace St, Providence, RI 02903
      View Details
    • Contact for pricing
      4,285 SF

      High-End Financial District Office Condo

      Modern office space with high ceilings and natural light.
      146 Westminster St, Providence, RI 02903
      View Details
    • $299,000
      2.01 Acres

      Commercial Condo in Corliss Landing

      Free-standing commercial condo ideal for eatery, cafe, office, or retail.
      521 S Water St, Providence, RI 02903
      View Details
    • Contact for pricing
      3,244 SF

      Renovated Office Suites with Parking

      Move-in ready office suites with dedicated parking and courtyard.
      18 Imperial Pl, Providence, RI 02903
      View Details
    • Contact for pricing
      1,100 SF

      Historic Office Building in Providence

      Mixed-use building with retail and executive office suites.
      56 Pine St, Providence, RI 02903
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Rent

      Office space available for rent at 40 Westminster Street.
      40 Westminster St, Providence, RI 02903
      View Details
    • Contact for pricing

      Prime Location in Central Business

      Located in the heart of the Central Business District.
      72 Pine St, Providence, RI 02903
      View Details
    • Contact for pricing

      Office & Retail Space Available

      Office and retail building for lease in Providence, RI.
      3 Davol Sqauare, Providence, RI 02903
      View Details
    • Contact for pricing

      Research and Technology Destination

      State-of-the-art research and technology destination in Providence.
      150 Richmond St, Providence, RI 02903
      View Details
    • Contact for pricing

      Class A Office Space

      Full-floor office suite with expansive views in downtown Providence.
      56 Exchange Ter, Providence, RI 02903
      View Details
    • Contact for pricing
      24,000 SF

      LEED Certified Office Space Available

      High-efficiency office space with on-site amenities and parking.
      500 Exchange St, Providence, RI 02903
      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.
    50 Pne St, Unit 3
    Providence, RI 02903-2835
    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.
    Sign Up Successful!
    You now have access to more from Realmo!