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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Showrooms
986 Broad St Providence, RI 02905-1740
Entity Owned
~
Est. High Equity
Property ID
US76-0156158
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Construction
FRAME
Total area
5,472 SF
Lot
0.21 ac (9,152 SF)
Zoning code
C-2
APN
PROV M:53 L:472
UPID
US76-0156158
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
-
Johnny's Chimi's Place Restaurant
-
International Car Service & Transportation Car Rental Facility
-
Johnnys Chimi Restaurant
-
Porto Pelo Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$590k
Owner & transaction history
Family Home Consts LLC
Family Home Consts LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · 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 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
Method
Estimation
Statistic approach
$600,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$108 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,602
Tax year 2023
Assessed value
$473,000
Assessed 2023
Previous assessed
$473,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$118,800
Assessed improvement
$354,200
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
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Total area
5,472 SF
Lot
0.21 ac (9,152 SF)
Zoning code
C-2
APN
PROV M:53 L:472
UPID
US76-0156158
Jurisdiction
PROVIDENCE
Zoning & alternative use
C-2 · Providence, RI
Zoning C-2 · permitted uses
C-2 · Providence, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Providence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$705,000
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
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Family Home Consts LLC
Entity
Mailing address
986 BROAD ST, PROVIDENCE, RI 02905-1740
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Cs Construction LLC
—
Deed
related
$430,000 · Spindrift Invs Two Ll
Dec 4, 2025
—
Family Home Consts LLC
Cs Construction LLC
Warranty Deed
—
Jun 18, 2025
—
Cs Construction LLC
Black Tide LLC
Quitclaim Deed
related
$360,000 · Bluedog Capital Partners LLC
May 17, 2023
$730,000
Black Tide LLC
Dream Home Const LLC
Warranty Deed
$710,000 · Westcott Realty Rigp
Jan 24, 2023
—
Dream Home Const LLC
—
Deed
related
$492,673 · Abg Realty LLC
Nov 26, 2019
—
Dream Hm Const LLC
—
Deed
related
$660,000 · Abg Realty LLC
Jun 28, 2019
—
Dream Hm Const LLC
—
Deed
related
$260,000 · Abg Realty LLC
Oct 19, 2018
—
Dream Hm Const LLC
—
Deed
related
$215,000 · Miscellaneous Fin & Mtg Co
Oct 19, 2017
$21,006
Steven Horowitz
Title Investments Co Rigp
Redemption Deed
—
Sep 15, 2017
$290,000
Dream Home Construction
Nef LLC
Warranty Deed
$110,000 · Bluedog Cap Partn
Oct 1, 2015
$131,000
Nef LLC
Bayview Loan Servicing|pacheco,theresa A
Foreclosure
related
$165,000 · Nef Lc
May 10, 2012
$1
Jorge Pachco&assoc LLC
Pacheco,theresa A
Grant Deed
related
—
Jan 2, 2007
$206,500
Edilio Gonzalez
Dominican Rlty
Grant Deed
—
Oct 30, 2006
$1
Theresa A Pacheco
Dominican Realty INC
Grant Deed
related
—
Mar 1, 2006
$318,000
Theresa Pacheco
Citizens Bank Of Ri
Grant Deed
—
Jul 15, 2002
—
Dominican Rlty INC
—
Deed Of Trust
related
$60,000 · Minority Investment Dev Corp
Jan 7, 1999
—
Dominican Realty INC
—
Deed Of Trust
related
$90,000 · Minority Investment Dev Corp
Dec 20, 1996
$295,000
Dominican Realty INC
Waterford Homes INC
Grant Deed
$250,000 · Citizens Mortgage INC
Jan 24, 1996
$37,000
Waterford Homes INC
Star Quality Homes INC
Grant Deed
$150,000 · Domenic Hermano
—
—
Dream Hm Const LLC
—
Deed Of Trust
related
$260,000 · Abg Realty LLC
—
—
Dream Hm Const LLC
—
Deed Of Trust
related
$660,000 · Abg Realty LLC
—
—
Dream Hm Const LLC
—
Deed Of Trust
related
$215,000 · Miscellaneous Fin & Mtg Co
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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