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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Investment properties
577 Broad St Central Falls, RI 02863-2837
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US76-0356931
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,575 SF
Lot
0.12 ac (5,140 SF)
Zoning code
R-3
APN
CENT M:01 P:134
UPID
US76-0356931
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
Current use
Occupant on record · Public records
-
Jenks Park Pediatrics, Inc. Pediatrician Medical Clinic
-
Dr.Beata Nelken Pediatrician Medical Clinic
-
Central Falls Children's Foundation Association / Organization
-
Upper Cuts Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$560k
Owner & transaction history
Regus Realty LLC · 6 yrs held
Regus Realty LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-3 · Central Falls, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$685,000
+62.8%
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%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$420,000
Current use
OFFICE BUILDING
$685,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
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
$157 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$8,512
Tax year 2019
Assessed value
$371,000
Assessed 2024
Previous assessed
$371,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$134,500
Assessed improvement
$236,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
2
Rooms
11
Bathrooms
5
Total area
3,575 SF
Lot
0.12 ac (5,140 SF)
Zoning code
R-3
APN
CENT M:01 P:134
UPID
US76-0356931
Jurisdiction
CENTRAL FALLS
Zoning & alternative use
R-3 · Central Falls, RI
Zoning R-3 · permitted uses
R-3 · Central Falls, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Central Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$420,000
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1900
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
2
Rooms
11
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Regus Realty LLC
Entity
Mailing address
577 BROAD ST, CENTRAL FALLS, RI 02863-2837
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2019
$345,000
Regus Realty LLC
Christian RT LLC
Warranty Deed
$241,500 · Avidia Bank
Apr 26, 2018
—
John A Dorsey
Learninng Cmnty Char
Quit Claim Deed
related
$184,600 · Diversified Cap
Aug 26, 2015
$4,120
Pamela Hernandez
Hernandez,pamela
Redemption Deed
related
—
Jul 22, 2015
$1,810
Nationstar Mtg
Nationstar Mtg
Redemption Deed
—
Apr 20, 2007
$295,000
Pamela Hernandez
Sheehan,theresa F
Grant Deed
$284,453 · Bank Of America
Jan 27, 2003
—
Theresa F Sheehan
—
Deed Of Trust
related
$70,000 · Credit Union Central Falls
Jan 30, 2001
$37,500
Theresa F Sheehan
Sheehan,theresa F
Grant Deed
related
$25,000 · Credit Union Central Falls
—
—
Christian LLC Trust
—
Deed Of Trust
related
$184,600 · Diversified Cap
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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