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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Showrooms
551 Broad St Central Falls, RI 02863
Entity Owned
3-yr Hold
Free & Clear
Property ID
US76-0369693
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,474 SF
Lot
0.19 ac (8,385 SF)
Zoning code
C-2
APN
CENT M:01 P:128
UPID
US76-0369693
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
$871k
Blend (final)
Blend
$930k
Owner & transaction history
All Property Management L · 3 yrs held
All Property Management L
since 2023
Last sale
$985
6 recorded transactions
Zoning & alternative use
C-2 · Central Falls, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-2 general commercial district. This zone is intended for commercial areas that serve citywide needs for retail, services and professional office establishments.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
45.06 ac
Source
Zoning Ordinance
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 Central Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Central Falls 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,350,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $985 (Jun 13 2023)
Last sale anchor
$985
Jun 13 2023
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
$81 / 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
$9,625
Tax year 2024
Assessed value
$311,000
Assessed 2024
Previous assessed
$311,000
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$153,400
Assessed improvement
$157,600
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
11,474 SF
Lot
0.19 ac (8,385 SF)
Zoning code
C-2
APN
CENT M:01 P:128
UPID
US76-0369693
Jurisdiction
CENTRAL FALLS
Zoning & alternative use
C-2 · Central Falls, RIZoning C-2 · permitted uses
C-2 · Central Falls, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-2 general commercial district. This zone is intended for commercial areas that serve citywide needs for retail, services and professional office establishments.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
45.06 ac
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
All Property Management L
Entity
Free & Clear · 3 yrs held
Mailing address
551 BROAD ST #555, CENTRAL FALLS, RI 02863
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
Jun 13, 2023
—
All Property Management L
All Property Management L
Quit Claim Deed
related
—
Sep 2, 2020
—
All Prop Mgmt
Adriana Duque
Quit Claim Deed
related
—
Feb 26, 2016
$1,323
Dorr Associates LLC
Dorr Associates LLC
Redemption Deed
related
—
Jun 10, 2015
$985
Dorr Associates LLC
Joneso Design & Consulting
Grant Deed
—
Feb 6, 2013
$1
Jonesco
Rec Investments LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Dec 29, 2011
$4,161
Rec Investments LLC
Joneso Design&consult
Grant Deed
—
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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