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    Property profile & analytics

    723 Broad St Central Falls, RI 02863-2313

    • Showrooms
    • 1,600 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US76-0322468
    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

    • La Sorpresa Bakery / Breakfast Restaurant / Colombian Restaurant

    Property Details for 723 Broad St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    1,600 SF
    Zone code
    C-2
    Property type
    Showrooms
    APN
    CENT M:01 P:164
    APU
    CENTM01P164

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $260,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $210,000
      Mixed-Use
      $220,000
      Hospitality
      $250,000
      Educational
      $240,000
      Residential Income
      $205,000
      Energy
      $240,000
      Income-Based Land
      $190,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Central Falls
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.387
    Latitude
    41.8897
    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
    2024
    $9,040
    $152,000
    $140,100
    $292,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      16,367 SF

      693 Broad St

      SHOW ROOM, WAREHOUSE • 16,367 SF
      693 Broad St, Central Falls, RI 02863-2339
      View Details
    • Value Estimation
      $410,000
      8,072 SF

      89 Central St

      SHOW ROOM, WAREHOUSE • 8,072 SF
      89 Central St, Central Falls, RI 02863
      View Details
    • Value Estimation
      $245,000
      7,524 SF

      44 Central St

      SHOW ROOM, WAREHOUSE • 7,524 SF
      44 Central St, Central Falls, RI 02863-3133
      View Details
    • Value Estimation
      $285,000
      6,696 SF

      96 Blackstone St

      SHOW ROOM, WAREHOUSE • 6,696 SF
      96 Blackstone St, Central Falls, RI 02863-2328
      View Details
    • Value Estimation
      $300,000
      1,971 SF

      830 Broad St

      SHOW ROOM, WAREHOUSE • 1,971 SF
      830 Broad St, Central Falls, RI 02863-2308
      View Details
    • Value Estimation
      $225,000
      6,000 SF

      1289 Broad St

      SHOW ROOM, WAREHOUSE • 6,000 SF
      1289 Broad St, Central Falls, RI 02863-1001
      View Details

    Similar Nearby for Sale

    • $425,000
      9,200 SF

      Retail Property with Frontage on Dexter

      Retail property featuring frontage on Dexter Street in Central Falls.
      664-666 Dexter St, Central Falls, RI 02863
      View Details
    • New
      $900,000
      0.14 Acres

      Established Convenience Store on Dexter Street

      Well-maintained convenience store with high sales volume and prime location.
      622 Dexter St, Central Falls, RI 02863
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    • Contact for pricing
      0.11 Acres

      Prime Retail Space in Central Falls

      5,000 sq ft retail space in revitalizing Renaissance area.
      708 Broad St, Central Falls, RI 02863
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    • $920,000

      Central Falls Auto Shop & Land

      Profitable Auto Body Business - Real Estate Included
      257 Hunt St, Central Falls, RI 02863
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    • $890,000

      Hunt Street Auto Shop & Land

      Profitable RI Auto Body Business - $890K
      257 Hunt St Hunt St, Central Falls, RI 02863
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    • $1,400,000
      0.11 Acres

      Mixed-Use Investment in Central Falls

      Mixed-use property with retail and residential units in revitalizing area.
      708 Broad St, Central Falls, RI 02863
      View Details

    Similar Nearby for Lease

    • $1,400,000
      3,000 SF

      Prime Retail Space on Broad

      High-visibility retail space in revitalizing Central Falls area.
      708-712 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      8,669 SF

      Retail Space on Dexter Street

      High-visibility retail space with parking in Central Falls, RI.
      361 Dexter St, Central Falls, RI 02863
      View Details
    • $6 SF/Yr
      98,277 SF

      Clay Street Studios: Industrial Space

      Historic Mill Building; Flexible Spaces Available
      125 Clay St, Central Falls, RI 02863
      View Details
    • $6 SF/Yr
      325,119 SF

      Central Falls Warehouse with Rail

      Renovated warehouse with ample parking and rail access.
      1193 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      325,120 SF

      Central Falls Warehouse Space

      Large Industrial Warehouse, RI
      1159 Broad St, Central Falls, RI 02863
      View Details
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    723 Broad St
    Central Falls, RI 02863-2313
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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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