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    1081 2Nd Ave, Unit 1 Woonsocket, RI 02895

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    COMMERCIAL - Woonsocket, RI

    Type:Office
    Property size:
    8,750 SF
    Lot size:
    0.21 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 27 at 7:06 pm

    Property Features for 1081 2Nd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    MU-1
    Parking
    35
    Interior features
    Ceiling Height (7 to 9 Ft)
    Size
    8,750 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Natural Gas, Baseboard
    Cooling system
    Window Unit(s), Other (Cooling)
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Cliff Nulman

    Keller Williams Realty of Newport / East Bay / North Kingstown

    Listing agent Cliff Nulman

    Listing date Mar 25, 2026

    MLS# 1401751

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Woonsocket Commercial Corner Location

    This commercial property is located on a prime, signalized corner at State Routes 126 and 114 in Woonsocket, RI. The location offers extensive frontage along both Social Street and Diamond Hill Road, providing strong exposure to traffic approaching from four directions. The building's proximity to the roadway and large storefront windows offer visibility, branding, and retail display presence. Opportunities exist for abundant signage visible from multiple directions. The dual-frontage corner supports recognition and drive-by awareness along active commercial corridors. Approximately 35 shared parking spaces are available across two nearby lots. Two contiguous suites are available and may be leased as approximately 2,750, 6,000, or combined as 8,750 rentable square feet (RSF). The 6,000 RSF space offers an open interior with broad layout flexibility, while the 8,750 RSF option adds depth for workspace, stock, or expanded merchandising. A lower-level area (approx. +/-6950 SF) may be available to support a ground-floor tenant's operations, depending on use, with additional consideration. The property is zoned MU-1. The lot size is 0.21 acres. Tenant is responsible for triple net (NNN) expenses, including real estate taxes, property insurance, and common area maintenance (CAM), in addition to utilities and any tenant-specific services. RSF is estimated for marketing purposes; tenant to verify if material.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.500157
    Latitude
    42.015466

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    FAQs

    What type of property is this?
    Storefront property - Signalized corner location with high visibility and flexible space.
    Where is this storefront property located?
    The property is located at 1081 2Nd Ave, Unit 1 Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $8.
    What are key features of this property?
    This property features: - Prime, signalized corner location on State Routes 126 & 114 offering exceptional visibility.; - Flexible space: Choose from 2,750 RSF, 6,000 RSF, or a combined 8,750 RSF.; - Strong branding potential with large storefront windows and abundant signage opportunities.
    (401) 845-9200
    Request Owner's contact information
    1081 2Nd Ave, Unit 1 Woonsocket, RI 02895
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    Woonsocket, RI 02895
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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
    1081 2Nd Ave, Unit 1 Woonsocket, RI 02895
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    Cliff Nulman
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