Entity Owned Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Total area
2,076 SF
Zoning code
W-2
APN
PROV M:18 L:8 U:114
UPID
US76-0193077
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$380k
Owner & transaction history
since 2017
2 recorded transactions
Zoning & alternative use
W-2 · Providence, RI
Zoning description
The W-2 Mixed Use Waterfront District is intended to promote a balance among appropriately scaled residential and commercial development and encourages compatible development with adjacent areas and surrounding residenti…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$380k
Value range
$342k – $418k
±10% around blend
Estimated value / SF
$183 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$342k
blend $380k
$418k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,076 SF
Year built
1985
Stories
1
APN
PROV M:18 L:8 U:114
Zoning
W-2
Assessed value
$440,200
Annual tax
$15,451
3
Income approach: direct capitalization
Partial preview
Income approach indication
$585k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$630k
@ 6.5% CAP return
$585k
@ 7% CAP return
$540k
4
Sales comparison
Partial preview
Sales approach indication
$543k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.7 mi away · 1,666 SF
10.7 mi away · 1,804 SF
11.5 mi away · 2,128 SF
17.8 mi away · 1,516 SF
18.2 mi away · 2,033 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$380k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$354
-48%
Submarket 27 sales
$214
-15%
County 92 sales
$191
-4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $183/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
10.00%
Implied, in-place cap rate for this office spaces
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 10.00%
9.0%
NOI (est.)
$31k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$308k
Move the market yield to see immediate price impact.
Value / SF
$148
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.50%10.00%10.50%
$28k
$292k
$277k
$264k
$31k
$324k
$308k
$293k
$34k
$357k
$339k
$323k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$625k
9.6 mi · Dec 2025 · $308/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,451
Tax year 2023
Assessed value
$440,200
Assessed 2023
Previous assessed
$440,200
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed improvement
$440,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
2,076 SF
Zoning code
W-2
APN
PROV M:18 L:8 U:114
UPID
US76-0193077
Jurisdiction
PROVIDENCE
Zoning & alternative use
W-2 · Providence, RIZoning W-2 · permitted uses
W-2 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The W-2 Mixed Use Waterfront District is intended to promote a balance among appropriately scaled residential and commercial development and encourages compatible development with adjacent areas and surrounding residenti…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
W-2
MIXED_USE
Jurisdiction
Providence, RI
Recorded code
W-2
Official district
W-2
Official district profile
What the municipal code says about W-2
Zoning description
The W-2 Mixed Use Waterfront District is intended to promote a balance among appropriately scaled residential and commercial development and encourages compatible development with adjacent areas and surrounding residenti…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for W-2 in Providence, RI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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