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    Property profile & analytics

    99 Main St, Unit 117 Woonsocket, RI 02895-4312

    • Investment properties
    • 45,648 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $3,960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0394145
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fournier & Fournier Inc / Social Service Agency
    • D & J Salvage / Auto Parts Store

    Property Details for 99 Main St

    Year built
    1888
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.72 lot acres
    Property size
    45,648 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WOON M:14E L:163 U:6
    APU
    WOONM14EL163U6

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,796,000
      Market price range: $2.71M - $8.46M
      AI Estimate
      $2,879,000
      Market price range: $2.30M - $6.41M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,430,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5145
    Latitude
    42.0019
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $64,700
    $2,164,400
    $2,229,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,401 SF

      190 Arnold St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,401 SF
      190 Arnold St, Woonsocket, RI 02895-2920
      View Details
    • Value Estimation
      $1,375,000
      6,525 SF

      32 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,525 SF
      32 Main St, Woonsocket, RI 02895-4313
      View Details
    • Value Estimation
      $1,385,000
      8,925 SF

      26 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,925 SF
      26 Main St, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request
      1,277 SF

      165 Ml St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,277 SF
      165 Ml St, Woonsocket, RI 02895-2121
      View Details
    • Value Estimation by Request
      3,918 SF

      825 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,918 SF
      825 Park Ave, Woonsocket, RI 02895-5897
      View Details
    • Value Estimation
      $970,000
      0.26 Acres

      341 Burnside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.26 Acres
      341 Burnside Ave, Woonsocket, RI 02895-2283
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,742 SF

      Historic Mixed-Use Building For Sale

      Landmark building in downtown Woonsocket with retail and office space.
      2 Monument Sq, Woonsocket, RI 02895
      View Details
    • $800,000

      Woonsocket Development Opportunity

      Prime Main Street location, 23,087 SF lot.
      162 Main St, Woonsocket, RI 02895
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    • $2,500,000

      Versatile Mixed-Use Redevelopment Opportunity

      3-acre mixed-use lot with redevelopment potential and income generation.
      85 Fairmount St, Woonsocket, RI 02895
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    • $390,000

      Woonsocket Mixed-Use Commercial Land

      Prime RI location, high potential. Large lot, existing building.
      471 Arnold St Arnold St, Woonsocket, RI 02895
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    • $390,000

      Woonsocket Mixed-Use Commercial Land

      Prime RI location, high potential. Large lot, existing building.
      471 Arnold St, Woonsocket, RI 02895
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    • $800,000

      Woonsocket Hotel Redevelopment Opportunity

      Prime Main Street Hotel, 40+ Unit Potential
      162 Main St Main St, Woonsocket, RI 02895
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      56,950 SF

      Woonsocket Retail Space Available

      Prime Retail Space, 56,950 SF Available
      1400 Park Ave, Woonsocket, RI 02895
      View Details
    • $0.17 SF/Yr
      1,414 SF

      Woonsocket Retail Space - 711 Front St

      Prime Retail Space, Drive-Thru, High Traffic
      711 Front St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      204,296 SF

      Mendon Rd: Prime Development Land

      Woonsocket, RI: Build-to-Suit Opportunity
      1265 Mendon Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      1,500 SF

      Diamond Hill Road Retail Space

      1500 sq ft commercial space with drive-thru on Diamond Hill.
      1551 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      10,717 SF

      Downtown Woonsocket Office/Retail Space

      Office/retail space in downtown Woonsocket with ample parking.
      1 Social St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      2,745 SF

      Downtown Office/Retail Suites Available

      Office and retail suites for rent in downtown Woonsocket.
      2 Monument Sq, Woonsocket, RI 02895
      View Details
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    99 Main St, Unit 117
    Woonsocket, RI 02895-4312
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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