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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Showrooms
973 Willett Ave Riverside, RI 02915-2032
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US76-0080187
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,894 SF
Lot
0.47 ac (20,643 SF)
Zoning code
C2
APN
EPRO M:513 B:52 L:009 U:
UPID
US76-0080187
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
-
Mobil Mart Grocery & Convenience Store
-
ATM (Willett Avenue Xtra Mart) Atm
-
ATM Atm
-
Mobil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Riverside Property LLC · 6 yrs held
Riverside Property LLC
since 2020
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
C2 · Riverside, 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 Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside 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
$1,300,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.10M (Jun 19 2020)
Last sale anchor
$1.10M
Jun 19 2020
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
$636 / 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
$22,643
Tax year 2024
Assessed value
$946,600
Assessed 2024
Previous assessed
$946,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$610,200
Assessed improvement
$336,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
15
Bathrooms
2
Total area
1,894 SF
Lot
0.47 ac (20,643 SF)
Zoning code
C2
APN
EPRO M:513 B:52 L:009 U:
UPID
US76-0080187
Jurisdiction
EAST PROVIDENCE
Zoning & alternative use
C2 · Riverside, RI
Zoning C2 · permitted uses
C2 · Riverside, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
15
Bathrooms
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Riverside Property LLC
Entity
Mailing address
PO BOX 311, YONKERS, NY 10710-0311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
—
Riverside Property LLC
—
Deed
related
$1,800,000 · Peoples United Bank
Jun 19, 2020
$1,100,000
Riverside Property LLC
Acb Realty LLC
Deed
$1,230,000 · Peoples United Bank
Jul 13, 2018
—
Ez Mart Foods Of Ri INC
—
Deed
related
$4,350,000 · People's United Bk
Jul 14, 2017
$865,000
Acb Realty LLC
Chace,james P W
Trustees Deed
—
—
—
Ez Mart Foods Of Ri INC
—
Deed Of Trust
related
$4,350,000 · People's United Bk
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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