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Property profile & analytics
OFF-MARKET
Showrooms
778 Cranston St Providence, RI 02907-3008
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US76-0054531
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
850 SF
Lot
0.1 ac (4,306 SF)
Zoning code
C-3
APN
PROV M:43 L:932
UPID
US76-0054531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Monimen, Inc. Check Cashing
-
Bitcoin Station Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward Franco · 9 yrs held
Edward Franco
since 2016
7 recorded transactions
Zoning & alternative use
C-3 · Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the C-3 Heavy Commercial District is intended for areas of more intense commercial use that are generally not appropriate for lower intensity commercial districts, including uses related to motor vehicles and those that may require outdoor storage, because of the impacts from more intensive commercial uses
Zone name
Heavy Commercial District
General category
COMMERCIAL
Zone area
232.48 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Providence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,858
Tax year 2023
Assessed value
$138,400
Assessed 2023
Previous assessed
$138,400
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$80,500
Assessed improvement
$57,900
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
850 SF
Lot
0.1 ac (4,306 SF)
Zoning code
C-3
APN
PROV M:43 L:932
UPID
US76-0054531
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-3 · Providence, RIZoning C-3 · permitted uses
C-3 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the C-3 Heavy Commercial District is intended for areas of more intense commercial use that are generally not appropriate for lower intensity commercial districts, including uses related to motor vehicles and those that may require outdoor storage, because of the impacts from more intensive commercial uses
Zone name
Heavy Commercial District
General category
COMMERCIAL
Zone area
232.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Edward Franco
Individual
Mailing address
3 FARRINGTON LN, CANTON, MA 02021-1139
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2016
$1,075,000
Edward Franco
Downes,lawrence D
Warranty Deed
—
Jun 13, 2014
—
Oldm INC
Downes,olga B
Quit Claim Deed
related
—
May 15, 2014
—
Oldm INC
Downes,lawrence & Olga
Quit Claim Deed
related
$135,000 · Ned Stevens INC
Mar 21, 2007
—
Lawrence Downes
—
Deed Of Trust
related
$120,000 · Dimerman Ft
Aug 2, 2000
$60,000
Lawrence Downes
Athena Industries
Grant Deed
$50,000 · Abraham Dinerman
Mar 22, 1991
$100,000
Athena Ind INC
Papoulidis,kostas
Grant Deed
$150,000 · Natl Bk Of Greece
—
—
Oldm INC
—
Deed Of Trust
related
$35,000 · Lori Hartley
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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