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    Property profile & analytics

    589 Atwells Ave, Unit C1 Providence, RI 02909-2472

    • Office Properties & Spaces
    • 12,460 SF
    OFF-MARKET
    Value Estimation
    $645,000
    Location Intelligence
    Property ID
    US76-0104168
    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

    • Providence VA Human Resources Office / Veterans Affairs Department
    • Ocean State Properties / Real Estate Agency
    • FedEx Drop Box / Mailing Service
    • Mandel & Tracy, LLC / Tax Preparation Service / Certified Public Accountant
    • Modular Home Concepts / Modular Home Dealer / Real Estate Developer

    Property Details for 589 Atwells Ave

    Year built
    2003
    Property size
    12,460 SF
    Zone code
    M-MU-7
    Property type
    Office Properties & Spaces
    APN
    PROV M:65 L:977 U:C1
    APU
    PROVM65L977UC1

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $725,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $705,000
      Geo Method
      $790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $760,000
      Mixed-Use
      $770,000
      Hospitality
      $725,000
      Educational
      $685,000
      Residential Income
      $640,000
      Energy
      $675,000
      Income-Based Land
      $560,000
      Food Service
      $585,000

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4366
    Latitude
    41.8253
    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
    2023
    $39,610
    $0.00
    $1,128,500
    $1,128,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,460 SF

      589 Atwells Ave Ste 2c

      CONDOMINIUM OFFICES • 12,460 SF
      589 Atwells Ave Ste 2c, Providence, RI 02909-2472
      View Details
    • Value Estimation
      $225,000
      682 SF

      20 Messer St, Unit C1

      CONDOMINIUM OFFICES • 682 SF
      20 Messer St, Providence, RI 02909-2006
      View Details
    • Value Estimation
      $815,000
      24,480 SF

      623 Atwells Ave

      CONDOMINIUM OFFICES • 24,480 SF
      623 Atwells Ave, Providence, RI 02909-7403
      View Details
    • Value Estimation by Request
      350,000 SF

      118 Manton Ave

      Distribution properties • 350,000 SF
      118 Manton Ave, Providence, RI 02909
      View Details
    • Value Estimation by Request
      20,400 SF

      589 Atwells Ave, Unit D1

      CONDOMINIUM OFFICES • 20,400 SF
      589 Atwells Ave, Providence, RI 02909-2472
      View Details
    • Value Estimation by Request

      380 Broadway Way

      Individual retail properties
      380 Broadway Way, Providence, RI 02909
      View Details

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    Similar Nearby for Lease

    • $26 SF/Yr
      3,860 SF

      Historic Providence Office Suites

      Elegant offices, prime location, on-site parking.
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      1900 SF office in historic Providence building for lease.
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    • Contact for pricing
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      Westminster Street Commercial Space

      Versatile commercial space in a high-traffic Providence location.
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      Retail Space Near Federal Hill

      Retail space available in a shopping center near Federal Hill.
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    • Contact for pricing
      2,150 SF

      Retail Space Near Federal Hill

      Retail space adjacent to Federal Hill with trolley and bus access.
      75 Eagle St, Providence, RI 02909
      View Details
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    Providence, RI 02909-2472
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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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