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Property profile & analytics
OFF-MARKET
Specialty properties
54 Cromwell St Providence, RI 02907-2502
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US76-0067883
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1932
Total area
3,306 SF
Lot
0.08 ac (3,520 SF)
Zoning code
R-3
APN
PROV M:44 L:435
UPID
US76-0067883
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ri Housing & Mortgage Fin · 6 yrs held
Ri Housing & Mortgage Fin
since 2020
4 recorded transactions
Zoning & alternative use
R-3 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, limited nonresidential uses which are compatible with surrounding residential neighborhoods may be allowed
Zone name
Residential District
General category
RESIDENTIAL
Zone area
3,340.21 ac
Source
Realmo
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 Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Assessed value
$443,000
Assessed 2023
Previous assessed
$443,000
+0.0% YoY
Assessed land
$71,600
Assessed improvement
$371,400
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1932
Heating
FORCED AIR
Buildings
1
Stories
3
Units
3
Rooms
15
Bathrooms
3
Total area
3,306 SF
Lot
0.08 ac (3,520 SF)
Zoning code
R-3
APN
PROV M:44 L:435
UPID
US76-0067883
Jurisdiction
PROVIDENCE
Zoning & alternative use
R-3 · Providence, RIZoning R-3 · permitted uses
R-3 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and three family residential development as well as rowhouse development, additionally, limited nonresidential uses which are compatible with surrounding residential neighborhoods may be allowed
Zone name
Residential District
General category
RESIDENTIAL
Zone area
3,340.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1932
Heating
FORCED AIR
Stories
3
Buildings
1
Units
3
Rooms
15
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Ri Housing & Mortgage Fin
Individual
Mailing address
160 BROAD ST, PROVIDENCE, RI 02903-4028
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2020
—
Ri Housing & Mortgage Fin
Crossroads Ri
Grant Deed
$3,455,564 · Rhode Island Housing & Mtg Fin Corp
Sep 19, 2019
—
Crossroads Ri
Rihmfc
Grant Deed
—
Feb 2, 2018
$64,112
Ri Hsng Dev Corp
Advent House INC
Deed In Lieu Of Foreclosure
related
—
Nov 25, 2003
—
Advent House INC
—
Deed Of Trust
related
$134,500 · Ri Housing & Mortgage Finance
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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