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    The Largest CRE Database in the US with Over 1 Million Listings

    Michael Russo, East Greenwich, RI

    License ID: REB.0017244
    Years of Experience
    20

    Service Locations

    Contact details

    Phone:
    (401) 885-5400
    Office Address:
    631 Main Street, East Greenwich, RI 02818

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    35
    Total transactions
    325
    Total transactions amount
    $137M
    Price range
    $281k - 633k
    Average price
    $422k

    Listings

    For Sale (29)

    View map
    • Contact for pricing
      2.04 Acres

      Commercially Zoned Land on Route 6

      2+ acres of commercially zoned land with high visibility.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
    • Contact for pricing
      1,000 SF

      Coventry Commercial Condo with Garage

      Heated commercial condo with garage/storage and high visibility.
      1012 Tiogue Ave, Coventry, RI 02816
      View Details
    • Contact for pricing

      East Providence Corner Office Space

      Updated office space in a convenient East Providence location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • $314,900
      0.17 Acres

      Warwick Retail Opportunity For Sale

      Highly visible Warwick Avenue retail building with expansion potential.
      1822 Warwick Ave, Warwick, RI 02889
      View Details
    • $699,000
      0.24 Acres

      Mixed-Use Buildings in Warren, RI

      Three buildings with commercial and residential units, plus detached garage.
      367 Child St, Warren, RI 02885
      View Details
    • $899,000
      0.60 Acres

      Multifaceted Investment Opportunity in Warren

      Warren, RI property with development potential and existing rental income.
      388 Child St, Warren, RI 02885
      View Details
    • $199,000

      East Providence Corner Office Space

      Turn-key office space in a convenient East Providence location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • New
      $799,000
      4,000 SF

      West Warwick Commercial Property For Sale

      Well-established bar/lounge with real estate, business, and inventory included.
      245 Washington St, West Warwick, RI 02893
      View Details
    • $1,250,000
      2.04 Acres

      Commercially Zoned Land on Route 6

      2+ acres of commercially zoned land with high visibility.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
    • $1,250,000
      2.04 Acres

      Commercially Zoned Land on Route 6

      Highly visible 2+ acre commercial land near I-295.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
    • $2,995,000
      1.60 Acres

      North Kingstown Commercial Property For Sale

      Family-owned business and real estate on 1.6 acres available.
      6595 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      0.28 Acres

      Renovated Flex Commercial Space

      Newly renovated flex space with drive-in door in Johnston, RI.
      8 Dyerville Ave, Johnston, RI 02919
      View Details
    • $699,000
      0.24 Acres

      Mixed-Use Investment Opportunity in Warren

      Mixed-use property with commercial and residential units in Warren, RI.
      367 Child St, Warren, RI 02885
      View Details
    • $899,000
      0.60 Acres

      Multifamily Property with Development Potential

      Multifaceted property in Warren, RI with development opportunities.
      388 Child St, Warren, RI 02885
      View Details
    • $1,499,000
      0.84 Acres

      Warren RI Investment Opportunity

      Multi-property purchase opportunity in the heart of Warren, Rhode Island.
      367 Child St, Warren, RI 02885
      View Details
    • Contact for pricing
      10,000 SF

      North Kingstown Warehouse and Office

      10,000 SF warehouse with office space in Quonset.
      342 Compass Cir, North Kingstown, RI 02852
      View Details
    • $599,000
      0.24 Acres

      Cranston Multi-Family Investment Opportunity

      Two Cranston properties: a 2-family home and vacant lot.
      66 Clemence St, Cranston, RI 02920
      View Details
    • $449,500
      0.12 Acres

      Well-Maintained Cranston Multi-Family Home

      Two-family home with separate utilities and ample parking.
      66 Clemence St, Cranston, RI 02920
      View Details
    • $149,500
      0.12 Acres

      Cleared Lot in Cranston

      Construction opportunity: cleared, level lot with utilities in Cranston.
      Clemence St, Cranston, RI 02920
      View Details
    • $1,250,000
      2.04 Acres

      Johnston Commercial Land - Route 6

      High-visibility, 2-acre commercial lot near I-295.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
    • $699,000
      5,511 SF

      Mixed-Use Property in Warren

      Multi-building mixed-use property with commercial and residential units.
      367 Child St, Warren, RI 02885
      View Details
    • $314,900
      864 SF

      Freestanding Retail Building on Warwick

      Highly visible retail opportunity in the heart of Warwick Avenue.
      1822-1824 Warwick Ave, Warwick, RI 02889
      View Details
    • $599,900
      2,400 SF

      North Kingstown Warehouse Flex Space

      2,400 SF warehouse with high ceilings and convenient highway access.
      345 Compass Cir, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Commercially Zoned Land on Route 6

      Highly visible 2+ acre commercial land with development potential.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
    • $199,000
      2,376 SF

      Updated Corner Office Unit

      Turn-key office space with versatile layout and convenient location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • $2,995,000
      4,200 SF

      North Kingstown Retail Opportunity

      Well-maintained property with business, inventory, and real estate included.
      6595 Post Rd, North Kingstown, RI 02852
      View Details
    • $314,900
      864 SF

      Freestanding Retail Building on Warwick

      Highly visible retail opportunity with ample parking and expansion potential.
      1822 Warwick Ave, Warwick, RI 02889
      View Details
    • $899,000
      4,023 SF

      Established Bar/Lounge with Real Estate

      Well-run business with real estate on a highly visible corner.
      245 Washington St, West Warwick, RI 02893
      View Details
    • $129,900
      1,026 SF

      Updated Condo with Oak Trees

      Renovated condo with oak trees, suitable for Airbnb.
      7225 W Fairfield Dr, Pensacola, FL 32506
      View Details

    For Lease (6)

    View map
    • $21 SF/Yr
      1,000 SF

      Versatile Commercial Condo with Garage

      Commercial condo with garage, office, and storage space available.
      1010-1012 Tiogue Ave, Coventry, RI 02816
      View Details
    • $25 SF/Yr
      1,600 SF

      Renovated Flex Space Available

      Newly renovated flex space with drive-in door for lease.
      8-14 Dyerville Ave, Johnston, RI 02919
      View Details
    • Contact for pricing

      Prime Commercial Land For Rent

      Highly visible 2+ acre commercially zoned land for rent.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
    • $9 SF/Yr
      10,000 SF

      Quonset Warehouse and Office Space

      10,000 SF warehouse/office space in Quonset, North Kingstown.
      342 Compass Cir, North Kingstown, RI 02852
      View Details
    • $25 SF/Yr
      2,376 SF

      Updated Corner Office Space Available

      Newly updated office space in a convenient location.
      400 Massasoit Ave, East Providence, RI 02914
      View Details
    • $25 SF/Yr
      1,600 SF

      Renovated Flex Commercial Space Available

      1,600 SF renovated flex space for lease in Johnston.
      8 Dyerville Ave, Johnston, RI 02919
      View Details

    Leases and Sales on Map

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    • For Lease

    Properties for sale

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    Michael Russo, East Greenwich, RI
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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.

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    Michael Russo, East Greenwich, RI
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