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    Property profile & analytics

    511 Broad St Cumberland, RI 02864

    • Investment properties
    • 2,450 SF
    • 0.12 lot acres
    For Sale
    View listing
    $495,000
    Value Estimation
    Location Intelligence
    Property ID
    US76-0340581
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 511 Broad St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    2,450 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CUMB M:007 B:0437 L:000
    APU
    CUMBM007B0437L000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $345,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $320,000
      Mixed-Use
      $365,000
      Hospitality
      $350,000
      Educational
      $265,000
      Residential Income
      $285,000
      Energy
      $300,000
      Income-Based Land
      $305,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3974
    Latitude
    41.9139
    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
    2024
    $1,992
    $40,400
    $126,300
    $166,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,063 SF

      3415 Mendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 10,063 SF
      3415 Mendon Rd, Cumberland, RI 02864-2159
      View Details
    • Value Estimation
      $705,000
      2,422 SF

      39 Old Mendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,422 SF
      39 Old Mendon Rd, Cumberland, RI 02864-5503
      View Details
    • Value Estimation
      $385,000
      1.45 Acres

      1179 Mendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.45 Acres
      1179 Mendon Rd, Cumberland, RI 02864-4805
      View Details
    • Value Estimation
      $300,000
      0.92 Acres

      807 Mendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.92 Acres
      807 Mendon Rd, Cumberland, RI 02864-5408
      View Details
    • Value Estimation
      $360,000
      4,202 SF

      3330 Mendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,202 SF
      3330 Mendon Rd, Cumberland, RI 02864-2130
      View Details
    • Value Estimation
      $325,000
      0.38 Acres

      1368 Mendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.38 Acres
      1368 Mendon Rd, Cumberland, RI 02864
      View Details

    Similar Nearby for Sale

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      Updated Mixed-Use Building For Sale

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    • $729,000
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    Similar Nearby for Lease

    • $19 SF/Yr
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      Well-Maintained Office Building For Rent

      Office space available in well-maintained building with ample parking.
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    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Freestanding ±3,400 SF restaurant with drive-thru on 0.91 acres.
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      View Details
    • $16 SF/Yr
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      Cumberland Retail or Office Space

      2,200 SF retail or office space available for lease.
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    • $12 SF/Yr
      3,000 SF

      Retail Space with High Visibility

      Highly visible retail space with on-site daycare and ample parking.
      1725 Mendon Rd, Cumberland, RI 02864
      View Details
    • $16 SF/Yr
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      Cumberland Office Space For Rent

      18,000 SF office space with on-site property management.
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      View Details
    • $20 SF/Yr
      1,500 SF

      Professional Office Space Available

      Office space for rent on high traffic Mendon Road.
      1985 Mendon Rd, Cumberland, RI 02864
      View Details
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    511 Broad St
    Cumberland, RI 02864
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    Realmo Value Estimation

    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.

    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.

    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
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