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66 Branch Ave, Providence, RI 02904
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Property summary
AI-generated overview
This exceptional retail property at 66 Branch Ave in Providence, Rhode Island, offers a prime opportunity for businesses seeking flexible and spacious commercial space. Located in Providence County, this multi-tenant building boasts a total of 99,392 square feet, with 9,199 square feet currently vacant and available for lease. The property offers a range of unit sizes, accommodating businesses with diverse space requirements. Units are divisible to a minimum of 1,761 square feet, and contiguous space up to 7,438 square feet is available. This allows for significant flexibility in tailoring the space to meet specific business needs. The property is conveniently situated at 66 Branch Ave, Providence, RI 02904, and provides ample parking with 258 spaces for customers and employees. The property's location within a high-traffic area ensures excellent visibility and accessibility for businesses. This is an ideal location for a variety of retail uses, offering a strong foundation for growth and success. The property is ready for immediate occupancy. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,878 SF
Lot
1.77 ac (77,264 SF)
Zoning code
M1
APN
PROV M:74 L:403
UPID
US76-0102379
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Restaurant
-
Restaurant
-
Physician
-
Food Market Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$2.87M
Owner & transaction history
since 2021
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
M1 · Providence, RI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.87M
Value range
$2.58M – $3.16M
±10% around blend
Estimated value / SF
$125 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
$2.58M
blend $2.87M
$3.16M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,878 SF
Lot area
1.77 ac
Year built
1960
Stories
2
APN
PROV M:74 L:403
Zoning
M1
Assessed value
$2,947,100
Annual tax
$103,443
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.42M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.2 mi away · 18,159 SF
3.4 mi away · 20,532 SF
6.7 mi away · 18,154 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.87M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 115 sales
$145
-14%
Submarket 605 sales
$162
-23%
County 1487 sales
$146
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $125/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.05M
Move the market yield to see immediate price impact.
Value / SF
$90
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$129k
$2.59M
$1.85M
$1.44M
$144k
$2.88M
$2.05M
$1.60M
$158k
$3.16M
$2.26M
$1.76M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$2.40M
1.5 mi · Jan 2026 · $115/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$103,443
Tax year 2023
Assessed value
$2,947,100
Assessed 2023
Previous assessed
$1,944,600
+51.6% YoY
Effective rate
3.51%
On assessed value
Assessed land
$892,700
Assessed improvement
$2,054,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
22,878 SF
Lot
1.77 ac (77,264 SF)
Zoning code
M1
APN
PROV M:74 L:403
UPID
US76-0102379
Jurisdiction
PROVIDENCE
Zoning & alternative use
M1 · Providence, RIZoning M1 · permitted uses
M1 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Lot
1.77 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Providence, RI
Recorded code
M1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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