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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Industrial properties
88 Boyd Ave East Providence, RI 02914-1248
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US76-0117083
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,600 SF
Lot
2.69 ac (117,220 SF)
Zoning code
I1
APN
EPRO M:508 B:01 L:001 U:
UPID
US76-0117083
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
-
Angell Pension Group Inc Insurance Agency
-
Wood's Heating Service HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.90M
Owner & transaction history
88 Boyd Avenue LLC · 3 yrs held
88 Boyd Avenue LLC
since 2022
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
I1 · East Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$4.1M
+94.1%
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 East Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
Method
Estimation
Statistic approach
$3,000,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
$2,225,000
6.5%
$2,055,000
7%
$1,910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,125,000
Current use
COMMERCIAL (GENERAL)
$4,125,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $2.74M (Dec 9 2022)
Last sale anchor
$2.74M
Dec 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$59,530
Tax year 2024
Assessed value
$2,488,700
Assessed 2024
Previous assessed
$2,488,700
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$511,300
Assessed improvement
$1,977,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
15
Bathrooms
3
Total area
25,600 SF
Lot
2.69 ac (117,220 SF)
Zoning code
I1
APN
EPRO M:508 B:01 L:001 U:
UPID
US76-0117083
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
I1 · East Providence, RIZoning I1 · permitted uses
I1 · East Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · 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
1
Buildings
1
Units
1
Rooms
15
Bathrooms
3
Lot
2.69 ac
Current owner
From public records · entity-resolved
88 Boyd Avenue LLC
Entity
Mailing address
58 AMARAL ST, RIVERSIDE, RI 02915-2205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
88 Boyd Ave LLC
—
Deed
related
$920,000 · Digital FCU
Dec 9, 2022
$2,735,000
88 Boyd Avenue LLC
Boyd Assoc
Warranty Deed
$2,188,000 · Digital FCU
Aug 25, 1989
$1,572,000
Boyd Assoc
Boyd Ave Ltd Ptshp
Grant Deed
related
$1,575,000 · Bank Of N E Old Colony
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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