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    For Sale (14)

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    Cranston Commercial Building For Sale
    $599,900
    1,776 SF

    Cranston Commercial Building For Sale

    Highly visible commercial building with kitchen infrastructure in Cranston, RI.

    840 Park Ave, Cranston, RI 02910
    View details
    Smithfield Commercial Land Opportunity
    $799,000
    2.14 Acres

    Smithfield Commercial Land Opportunity

    2.14-acre commercial corner with development potential near I-295.

    61 Harris Rd, Smithfield, RI 02917
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    Land For Sale
    $195,000
    2.41 Acres

    Land For Sale

    2.412 acre land available in North Smithfield, Rhode Island.

    Taber Hill Rd, North Smithfield, RI 02896
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    Banquet Facility and Restaurant
    $1,199,000
    0.40 Acres

    Banquet Facility and Restaurant

    Banquet facility and restaurant serving the community since the 1930s.

    1113 Charles St, North Providence, RI 02904
    View details
    Smithfield Restaurant and Bar Opportunity
    $699,000
    0.41 Acres

    Smithfield Restaurant and Bar Opportunity

    Well-established, newly renovated restaurant and bar in Smithfield, Rhode Island.

    294 Waterman Ave, Smithfield, RI 02917
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    Smithfield Commercial Corner Lot
    $799,000
    2.14 Acres

    Smithfield Commercial Corner Lot

    2.14-acre commercial corner lot with development potential.

    61 Harris Rd, Smithfield, RI 02917
    View details
    Wareham Land Opportunity
    $75,000
    0.14 Acres

    Wareham Land Opportunity

    Land available in Wareham, Massachusetts. Buyer to perform due diligence.

    59 Park St, Wareham, MA 02538
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    Prime R-4 Zoned Lot
    $75,000
    0.06 Acres

    Prime R-4 Zoned Lot

    R-4 zoned lot ideal for investors or owner-occupants.

    42 Derry St, Providence, RI 02908
    View details
    providing plenty of room for your business or storage needs. The 12 foot overhead doors grant easy access for loading and unloading
    $289,000
    1,250 SF

    providing plenty of room for your business or storage needs. The 12 foot overhead doors grant easy access for loading and unloading

    while the generous 16 foot ceilings allow for maximum storage capacity. With gas heat

    2631 Hartford Ave, Johnston, RI 02919
    View details
    Cranston Commercial Building For Sale
    $619,000
    3,552 SF

    Cranston Commercial Building For Sale

    Highly visible commercial building with kitchen infrastructure and flexible space.

    840 Park Ave, Cranston, RI 02910
    View details
    Banquet Facility and Restaurant
    $1,199,000
    9,542 SF

    Banquet Facility and Restaurant

    Banquet facility and restaurant serving the community since the 1930s.

    1113 Charles St, North Providence, RI 02904
    View details
    Four-Unit Adaptable Strip Property
    $399,900

    Four-Unit Adaptable Strip Property

    Four-unit strip property suitable for owner-user or investment.

    160 Greenwich Ave, Warwick, RI 02886
    View details
    Renovated Restaurant and Bar Opportunity
    $699,000
    3,608 SF

    Renovated Restaurant and Bar Opportunity

    Well-established, newly renovated restaurant and bar in a suburban setting.

    294 Waterman Ave, Smithfield, RI 02917
    View details
    Prime Commercial Corner Lot
    $799,000

    Prime Commercial Corner Lot

    2.14-acre commercial corner lot with development potential.

    61 Harris Rd, Smithfield, RI 02917
    View details

    For Lease (1)

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    Industrial Flex Space Available
    $2,500 / Mo
    3,000 SF

    Industrial Flex Space Available

    Move-in ready industrial flex space in a convenient suburban location.

    19 Humbert #17R, North Providence, RI 02911
    View details

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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
    RE/MAX PREFERRED
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