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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Showrooms
500 Taunton Ave East Providence, RI 02914-1615
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0188154
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,332 SF
Lot
3.08 ac (134,165 SF)
Zoning code
C4
APN
EPRO M:405 B:04 L:019 U:
UPID
US76-0188154
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
-
Grieco Toyota - temporary showroom Car Dealership
-
Coastline EMS Ambulance Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.89M
Owner & transaction history
Mag Ventrures LLC · 3 yrs held
Mag Ventrures LLC
since 2023
6 recorded transactions
Zoning & alternative use
C4 · East Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$4.8M
+62.0%
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 East Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,610,000
6.5%
$3,330,000
7%
$3,095,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,950,000
Current use
OFFICE BUILDING
$4,785,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±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
$157 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$51,306
Tax year 2024
Assessed value
$2,144,900
Assessed 2024
Previous assessed
$2,144,900
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,309,000
Assessed improvement
$835,900
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
1
Units
1
Rooms
15
Bathrooms
3
Total area
18,332 SF
Lot
3.08 ac (134,165 SF)
Zoning code
C4
APN
EPRO M:405 B:04 L:019 U:
UPID
US76-0188154
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
C4 · East Providence, RIZoning C4 · permitted uses
C4 · East Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
1
Units
1
Rooms
15
Bathrooms
3
Lot
3.08 ac
Current owner
From public records · entity-resolved
Mag Ventrures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
85 DOUGLAS PIKE, SMITHFIELD, RI 02917-2395
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
—
Mag Ventrures LLC
Mdr Realty II LLC
Warranty Deed
—
Jan 3, 2018
—
Mdr Realty 2 LLC
Mag Ventures LLC
Correction Deed
related
—
Dec 14, 2017
—
Mdr Realty LLC
Mag Ventures LLC
Quit Claim Deed
related
—
Jan 20, 2016
$2,000,000
Mag Ventures LLC
Fw Realty LLC
Warranty Deed
—
Oct 13, 2006
$3,300,000
Fw Realty LLC
Candleberry Realty Co
Grant Deed
—
Nov 26, 1991
$807,000
Candelberry Realty Co
Cerrone,alfred JR
Grant Deed
$607,000 · Zenon Grzybowski
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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