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    Property profile & analytics

    587 Elm St Woonsocket, RI 02895-3509

    • Investment properties
    • 2,792 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $835,000
    Last Sale
    Apr 28, 2023
    $729,990
    Location Intelligence
    Property ID
    US76-0202404
    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 587 Elm St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    2,792 SF
    Zone code
    MU1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WOON M:37H L:85 U:13
    APU
    WOONM37HL85U13

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $655,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $745,000
      Retail
      $685,000
      Mixed-Use
      $680,000
      Hospitality
      $605,000
      Educational
      $655,000
      Residential Income
      $685,000
      Energy
      $815,000
      Income-Based Land
      $800,000
      Food Service
      $830,000

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4932
    Latitude
    42.0076
    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
    2021
    $3,655
    $91,800
    $120,600
    $212,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $400,000
      3,640 SF

      168 Rockland Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,640 SF
      168 Rockland Ave, Woonsocket, RI 02895-5767
      View Details
    • Value Estimation by Request
      1.39 Acres

      750 Winter St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.39 Acres
      750 Winter St, Woonsocket, RI 02895-1221
      View Details
    • Value Estimation
      $275,000
      5,334 SF

      75 Harris Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,334 SF
      75 Harris Ave, Woonsocket, RI 02895-1808
      View Details
    • Value Estimation
      $355,000
      0.23 Acres

      250 Logee St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      250 Logee St, Woonsocket, RI 02895-5978
      View Details
    • Value Estimation
      $2,670,000
      14,704 SF

      122 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,704 SF
      122 Main St, Woonsocket, RI 02895-3188
      View Details
    • Value Estimation
      $635,000
      20,516 SF

      285 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 20,516 SF
      285 Main St, Woonsocket, RI 02895-3137
      View Details

    Similar Nearby for Sale

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      Turn-key restaurant with apartments and transferable licenses in Woonsocket.
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    Similar Nearby for Lease

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      1 SF

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    • Contact for pricing
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      Retail spaces available with signalized access and high traffic.
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      View Details
    • Contact for pricing
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      Retail Space in Regional Trade

      Retail space with excellent visibility and abundant parking.
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      View Details
    • Contact for pricing
      56,950 SF

      Woonsocket Retail Space Available

      Prime Retail Space, 56,950 SF Available
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    • $0.17 SF/Yr
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      Woonsocket Retail Space - 711 Front St

      Prime Retail Space, Drive-Thru, High Traffic
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      View Details
    • Contact for pricing
      204,296 SF

      Mendon Rd: Prime Development Land

      Woonsocket, RI: Build-to-Suit Opportunity
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      View Details
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    587 Elm St
    Woonsocket, RI 02895-3509
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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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