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Property profile & analytics
OFF-MARKET Estimated value $310,000
Investment properties

511 Broad St Cumberland, RI 02864-7828

2,450 SF 0.12 ac lot Built 1950
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US76-0340581
Property summary
AI-generated overview

This exceptional mixed-use property, located at 511 Broad Street in Cumberland, Rhode Island, presents a compelling investment opportunity. The building, situated on a prominent corner lot at the intersection of Broad and Cumberland Streets, boasts high visibility due to its strategic location within a rapidly developing residential area. The 1,225 square foot building sits on a 0.32-acre lot encompassing four parcels totaling 13,613 square feet. The property's current configuration includes one retail space and one apartment, both currently occupied by month-to-month tenants. This provides immediate income potential with the flexibility to adapt the space to future needs. The building is conveniently connected to both gas and sewer lines, ensuring efficient utility access. Given its prime location and the ongoing residential growth in the surrounding area, this property offers significant upside potential for investors seeking a strong return on investment. The high visibility and versatile layout make it ideal for a variety of commercial uses. Serious inquiries only. Prior scheduling is required before any property visits or tenant contact.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Construction FRAME
Total area 2,450 SF
Lot 0.12 ac (5,140 SF)
Zoning code C-1
APN CUMB M:007 B:0437 L:000
UPID US76-0340581
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
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k
Owner & transaction history
Krikor Bedrosian
Krikor Bedrosian
since 2025
Last sale
$365,000
3 recorded transactions
2025
$365,000
2012
Price N/A
1999
Price N/A
Zoning & alternative use
C-1 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

C-1: Limited Commercial District. This zoning district is intended for neighborhood commercial areas that primarily serve local neighborhood needs for convenience retail, services and professional office establishments.

Zone name Limited Commercial
General category COMMERCIAL
Zone area 232.37 ac
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