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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Showrooms
942 Mineral Spg Ave, North Providence, RI 02904-4933
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US76-0023208
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1963
Construction
STEEL FRAME
Total area
5,026 SF
Lot
0.46 ac (19,998 SF)
Zoning code
RG
APN
NPRO M:2 L:218
UPID
US76-0023208
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$640k
Owner & transaction history
Lnp Realty LLC · 2 yrs held
Lnp Realty LLC
since 2024
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
RG · North Providence, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Providence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$730,000
Current use
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $640k (Jan 16 2024)
Last sale anchor
$640k
Jan 16 2024
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
$127 / 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
$10,503
Tax year 2024
Assessed value
$449,800
Assessed 2024
Previous assessed
$449,800
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$139,800
Assessed improvement
$310,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
5,026 SF
Lot
0.46 ac (19,998 SF)
Zoning code
RG
APN
NPRO M:2 L:218
UPID
US76-0023208
Jurisdiction
NORTH PROVIDENCE
Zoning & alternative use
RG · North Providence, RI
Zoning RG · permitted uses
RG · North Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Providence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$730,000
COMMERCIAL (GENERAL) Current
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
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Lnp Realty LLC
Entity
Mailing address
516 BROAD ST, PROVIDENCE, RI 02907-1432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
—
Lnp Realty LLC
William Christina
Quit Claim Deed
related
—
Aug 18, 2023
$640,000
William J Christina
Dipina Investment Group L
Warranty Deed
—
Nov 12, 2021
—
Dipina Investment Group
—
Deed
related
$200,000 · Keith D Strickland
Jun 18, 2020
—
Dipina Inv Group
—
Deed
related
$125,000 · Private Individual
Apr 3, 2020
—
Dipina Inv Grp LLC
—
Deed
related
$352,500 · Velocity Com'l Cap
May 6, 2016
$390,000
Dipina Inv Grp LLC
Natco Ents LLC
Warranty Deed
$340,000 · Bluedog Capital Partn
Feb 17, 2010
$365,000
Natco Enterprises LLC
Potenza,walter M
Warranty Deed
—
Sep 21, 2005
$350,000
Carmela Natale
Olean,norman F
Grant Deed
—
—
—
Dipina Inv Group
—
Deed Of Trust
related
$125,000 · Private Individual
—
—
Dipina Inv Grp LLC
—
Deed Of Trust
related
$352,500 · Velocity Com'l Cap
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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