1 COMMERCE ST
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Location
1 COMMERCE ST
Mblu
30/ 064/ 0/ /
Acct#
05-02374-99
Owner
EGMP ONE COMMERCE LLC
Assessment
$4,941,300
Appraisal
$4,941,300
PID
4677
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$4,599,700$341,600$4,941,300
Assessment
Valuation YearImprovementsLandTotal
2025$4,599,700$341,600$4,941,300

Owner of Record
OwnerEGMP ONE COMMERCE LLC
Co-Owner
Address148 W RIVER ST STE 5

PROVIDENCE, RI 02904
Sale Price$4,850,000
Certificate
Book & Page 002381/000176
Sale Date10/25/2021
Instrument99

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
EGMP ONE COMMERCE LLC$4,850,000 002381/0001769910/25/2021
ALBANY ROAD-ONE COMMERCE LLC $3,800,000 002052/0000640204/14/2017
BLACKSTONE CENTRE II LLC & BLACKSTONE CENTRE III LLC $0 002052/0000619904/14/2017
BLACKSTONE CENTRE LTD PTSHP$0 000683/0002009903/30/2000
R.I. GROUP HEALTH ASSOC,INC.$0 0/05001/01/1754

Building Information
Building 1 : Section 1
Year Built: 1985
Living Area: 27,014
Replacement Cost: $5,313,452
Building Percent Good: 85
Replacement Cost
Less Depreciation:

$4,516,400
Building Attributes
FieldDescription
StyleOFFICE, MEDICAL
ModelComm/Ind
Grade1.10
Stories2.00
Occupancy0.00
QualityGood
Roof StructureFlat
Roof CoverRubber
Interior Wall 1Drywall or Plaster
Interior Wall 2 
Interior Floor 1Vinyl or Linoleum
Building ClassC
Heating FuelGas
Building UseLarge Bus Mdl-94
CoolingCentral
Cooling Percent100
Plumbing AdequacySuperadequate
Heat 1Warm Air
Ext Wall 1Brick
Heat 1 Pct100
Heat 2 
Heat 2 Pct0
Wall Height14.00
Frame TypeSteel
Sprinkler TypeWet
Sprinkler Pct100
Interior ConditionGood
Exterior ConditionGood
Ceiling TypeDW/Plaster
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
FUSFinished Upper Story 13,708 13,708
BASFirst Floor 13,306 13,306
FOPOpen Porch 402 0
   27,416 27,014

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELVPELEVATOR, PASS2.00 FLAT$38,3001

Land
Land Use
Use Code333
DescriptionLarge Bus Mdl-94  
ZoneML05
NeighborhoodI4
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)4.9
Frontage
Depth
Assessed Value$341,600
Appraised Value$341,600

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
0062Paving1001Asphalt/sqft25000.00 01$40,0001
0005Shed0101Frame/SQFT196.00 01$1,6001
0005Shed0101Frame/SQFT225.00 01$3,4001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$4,599,700$341,600$4,941,300
2024$4,483,600$320,000$4,803,600
2023$4,483,600$320,000$4,803,600

Assessment
Valuation YearImprovementsLandTotal
2025$4,599,700$341,600$4,941,300
2024$4,483,600$320,000$4,803,600
2023$4,483,600$320,000$4,803,600

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