Financial
Distress signals
Property profile

80 Pitman St Providence, RI 02906

FOR SALE
Other office properties
Property ID
US76-0196586
1,245 SF Built 1870
Last sale Mar 2014 · $100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial condominium unit is located in the Wayland Square area of Providence, Rhode Island and contains 1,245 square feet of interior space. The layout includes a waiting area, three offices, a full kitchen with an adjacent dining area, and one full bathroom. The unit is equipped with a fire protection system and a complete electrical setup. It is configured for professional office uses, such as accounting, law, or medical office purposes. Two deeded parking spaces in a back lot are included with the unit.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$196k
Assessed improvement$196k
Effective rate3.51%

Value estimate

· Sep 2026
$325k
$293k – $358k
AI approach$325k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$5k
Operating expenses−$7k
NOI · 7.13% cap applied$21k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$214/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$114 – $331
Qualifying comparables10

Cap rate analysis

How does the asset earn?
7.13%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-3
The purpose of the R-3 Residential District is intended for higher density residential areas of detached single family, two family and th...
General categoryRESIDENTIAL
JurisdictionPROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service11.0
Electrical Service10.1
Auto Parts Store10.0

Location

80 Pitman St Providence, RI 02906
County assessor Recorded deeds · 4 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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