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    Property profile & analytics

    61 Railroad St Woonsocket, RI 02895-3080

    • Investment properties
    • 8,084 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    $745,000
    Last Sale
    Mar 22, 2024
    $750,000
    Location Intelligence
    Property ID
    US76-0412052
    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

    • Harris Warehouse / Historical Landmark
    • Miba Design / Graphic Designer / Design Agency

    Property Details for 61 Railroad St

    Year built
    1880
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Property size
    8,084 SF
    Zone code
    MU1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WOON M:14R L:345 U:2
    APU
    WOONM14RL345U2

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $745,000
      6.5%
      $640,000
      7%
      $735,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $805,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $830,000
      Retail
      $665,000
      Mixed-Use
      $790,000
      Hospitality
      $615,000
      Educational
      $825,000
      Residential Income
      $700,000
      Energy
      $780,000
      Income-Based Land
      $755,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5143
    Latitude
    42.0042
    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
    $0.00
    $49,400
    $169,700
    $219,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

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      View Details
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      2,624 SF

      837 Cumberland Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,624 SF
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      1,154 SF

      106 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,154 SF
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    • Value Estimation
      $380,000
      0.14 Acres

      180 Ave C C

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
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    • Value Estimation
      $170,000
      3,435 SF

      42 Blackstone St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,435 SF
      42 Blackstone St, Woonsocket, RI 02895
      View Details
    • Value Estimation
      $285,000
      3,822 SF

      284 Cass Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,822 SF
      284 Cass Ave, Woonsocket, RI 02895-9106
      View Details

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    Similar Nearby for Lease

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      1 SF

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      Retail space with excellent visibility and abundant parking.
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      Prime Retail Space, 56,950 SF Available
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      Prime Retail Space, Drive-Thru, High Traffic
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    61 Railroad St
    Woonsocket, RI 02895-3080
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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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