Live-Work Space with Central
For Sale
$359,900
120 Danielson Pike, Foster, RI 02825
COMMERCIAL - Foster, RI
Property Size1,440 SF
Lot Size0.23 Acres
Price / SF$249.93
Days on Market27
Property Features for 120 Danielson Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial/Business under
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Interior features
Living Space Available
Lot features
Level Lot, Cleared
Directions
From CT Line, go 3 miles east on Danielson Pike to 120 Danielson Pike (Route 6) Foster RI
Standard status
Active
Size
1,440 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3762
Utilities
Heating system
Zoned
Cooling system
Central Air
Water source
Private
Building Details
Year built
1900
Flooring type
Carpet - Full, Tile - Ceramic, Wood
Listing Agency:
RE/MAX Bell Park Realty · RE/MAX International
(860) 774-7600
Listed By:
Deborah Burlingame · License #SL3599520
(860) 207-1162
Added: Jul 17
Changed: Aug 4
Last Checked: Aug 12 at 9:06AM
MLS# 24192136
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work space offers 1,440 SF of living space and flexible interior areas that can serve as a mix of living and business use. The home features gleaming hardwood floors, new wall-to-wall carpeting, a totally remodeled full bath with a walk-in rain shower, and a brand-new, fully applianced kitchen. Heating is zoned, and the property has central air for year-round comfort.
Set on a 10,019 SF (0.23-acre) lot in Foster’s GB district, the property is free-standing and designed for easy access and high visibility. A newly paved 6,000+ SF parking area supports customer or tenant parking needs. Water service is private, and the property was built in 1900.
The layout includes a bathroom and living space, with additional interior areas described as office and sales/retail or waiting space to support a live-work configuration.
Set on a 10,019 SF (0.23-acre) lot in Foster’s GB district, the property is free-standing and designed for easy access and high visibility. A newly paved 6,000+ SF parking area supports customer or tenant parking needs. Water service is private, and the property was built in 1900.
The layout includes a bathroom and living space, with additional interior areas described as office and sales/retail or waiting space to support a live-work configuration.
Key Highlights
- 1,440 SF living space in a live‑work configuration
- 0.23‑acre lot (10,019 SF) in Foster’s GB district
- Newly paved 6,000+ SF parking area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,260
$372.3K
Cap Rate 7%
$265,900
$265.9K
Cap Rate 9%
$206,811
$206.8K
Market Conditions
NOI Build-Up for 1,440 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.9K $20.04/SF
− Vacancy
−$4.0K −$2.81/SF
EGI
$24.8K $17.23/SF
− OpEx
−$6.2K −$4.31/SF
NOI
$18.6K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,260
Cap Rate 7%
$265,900
Cap Rate 9%
$206,811
Alternative Uses
Best Use
Office B
$265.9K
$232.7K – $310.2K
NOI $18,613 @ 7.0% cap · market cap 5.17%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 4.73%
Theoretical Best
Multifamily LT 5
$342.5K
$299.7K – $399.6K
NOI $23,977 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 02825, RI
5,265
Population
2,027
Households
2.6
Avg Household Size
47
Median Age
34%
College-Educated
94%
High-School Grad
55.0 sq mi
ZIP Area
96
Density / Sq Mi
$110,177
Median Household Income
$51,550
Median Earnings
$1,525
Median Rent
$398,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Live-work property with central air, zoned heating, and a fully remodeled bath with walk-in rain shower.
Where is this live-work space located?
The property is located at 120 Danielson Pike Foster, RI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,440 SF living space in a live‑work configuration; 0.23‑acre lot (10,019 SF) in Foster’s GB district; Newly paved 6,000+ SF parking area
