Entity Owned 
For Sale
1 / 18
$699,900
686 N Broadway, East Providence, RI 02914
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Property summary
AI-generated overview
The property is a mixed-use package that includes an owner-operated laundromat and six rental income units with long-term tenants. The laundromat is equipped with 31 washing machines and 23 dryers. The overall site is configured to support both the laundry business operations and the additional residential rental units, and it is located in an area characterized by traffic exposure and nearby amenities.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,217 SF
Lot
0.23 ac (9,997 SF)
Zoning code
R6
APN
EPRO M:305 B:16 L:002 U:
UPID
US76-0416780
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
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$355k
Owner & transaction history
since 2013
2 recorded transactions
Zoning & alternative use
R6 · East 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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 12 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$355k
Value range
$320k – $391k
±10% around blend
Estimated value / SF
$84 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$320k
blend $355k
$391k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,217 SF
Lot area
0.23 ac
Year built
1920
Stories
2
APN
EPRO M:305 B:16 L:002 U:
Zoning
R6
Assessed value
$313,400
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.10M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.7 mi away · 3,808 SF
0.7 mi away · 3,808 SF
0.8 mi away · 5,108 SF
1.0 mi away · 4,000 SF
1.3 mi away · 3,633 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$355k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 82 sales
$161
-48%
Submarket 137 sales
$159
-47%
County 1487 sales
$146
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $84/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
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
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: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
Selected market yield
7.96%
Selected cap rate for this other investment properties
Derived from the East Providence market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.96%
9.0%
NOI (est.)
$56k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$700k
Move the market yield to see immediate price impact.
Value / SF
$166
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
7.46%7.96%8.46%
$50k
$672k
$630k
$593k
$56k
$747k
$700k
$659k
$61k
$822k
$770k
$725k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$300k
0.4 mi · Nov 2025 · $81/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$313,400
Assessed 2024
Previous assessed
$313,400
+0.0% YoY
Assessed land
$149,400
Assessed improvement
$164,000
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
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
11
Bathrooms
2
Total area
4,217 SF
Lot
0.23 ac (9,997 SF)
Zoning code
R6
APN
EPRO M:305 B:16 L:002 U:
UPID
US76-0416780
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
R6 · East Providence, RIZoning R6 · permitted uses
R6 · East Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
11
Bathrooms
2
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6
Jurisdiction
East Providence, RI
Recorded code
R6
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R6 in East Providence, RI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
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
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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