Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    53 Deer Run Trail Smithfield, RI 02917

    View on Map
    For Sale
    $190,000

    LAND - Smithfield, RI

    Lot size:
    0.45 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    103
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 53 Deer Run Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.45 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    61

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    We can help!

    Listing Contact
    David Sepulveda
    David Sepulveda

    Listing agent David Sepulveda

    Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI

    Listing date Dec 19, 2025

    MLS# 1401994 Listing URL

    Copyright © 2025 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.

    Overview

    Waterfront Land in Smithfield, RI

    Located on Deer Run Trail in Smithfield, Rhode Island, this property presents a rare waterfront opportunity. Situated in a well-established waterfront community on a quiet dead-end road, the generously sized lot offers privacy, natural beauty, and convenience. As one of the largest parcels in the neighborhood, the 0.45-acre property provides ample space and flexibility for a potential single-family residence. The location offers serene water views and peaceful surroundings, while remaining minutes from Jaswell's Farm, Deerfield Park, shopping, dining, and major highways. A Zoning Certificate was approved by the Town of Smithfield on 5/29/24. The raw land requires additional approvals, and the seller makes no guarantees regarding future use. Buyer and buyer's agent to perform all due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.545039
    Latitude
    41.887359

    Nearby Similar for Sale

    • $649,900

      Smithfield Mixed-Use Investment Opportunity

      Mixed-use building with versatile floor plan in prime lakeside location.
      2 Douglas Pike, Smithfield, RI 02917
      View Details
    • $1,995

      Smithfield Storefront on Pleasant View

      High-traffic storefront ideal for retail or office use.
      128 Pleasant View Avenue unit: B, Smithfield, RI 02917
      View Details
    • $2,000

      Well-Maintained Light Industrial Unit

      Clean, well-appointed commercial space with mezzanine, office, and conference room.
      47 Cedar Swamp Road unit: 6, Smithfield, RI 02917
      View Details
    • $799,000

      Smithfield Commercial Land Opportunity

      2.14-acre commercial corner with development potential near I-295.
      61 Harris Road, Smithfield, RI 02917
      View Details
    • $799,000

      Smithfield Commercial Land For Sale

      2.14-acre commercial corner with high visibility and traffic.
      61 Harris Road, Smithfield, RI 02917
      View Details
    • $699,000

      Smithfield Restaurant and Bar Opportunity

      Well-established, newly renovated restaurant and bar in Smithfield, Rhode Island.
      294 Waterman Avenue, Smithfield, RI 02917
      View Details
    • $2,750,000

      Smithfield Land Development Opportunity

      2.53 acres with master plan approval for mixed-use development.
      230 George Washington Highway, Smithfield, RI 02917
      View Details
    • $2,750,000

      Smithfield Commercial Land For Sale

      2.53 acre commercial land with development potential in Smithfield, RI.
      230 George Washington Highway, Smithfield, RI 02917
      View Details
    • $5,500,000

      Smithfield Land For Sale

      Pad ready land with master plan approval in Smithfield.
      250 George Washington Highway, Smithfield, RI 02917
      View Details
    • $899,900
      5,880 SF

      Restaurant Opportunity in Smithfield, RI

      Turn-key restaurant space with high capacity and outdoor dining.
      332 Farnum, Smithfield, RI 02917
      View Details
    • $2,500

      Smithfield Warehouse with Office Space

      Warehouse with office, 10' bay door, highway access.
      3 Industrial Drive unit: A, Smithfield, RI 02917
      View Details
    • $1,200

      Smithfield Warehouse with Bay Door

      Warehouse space with bay door, convenient highway access.
      3 Industrial Drive, Smithfield, RI 02917
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare waterfront lot in a desirable Rhode Island community.
    Where is this residential land & home lot located?
    The property is located at 53 Deer Run Trail Smithfield, RI.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Rare waterfront lot in a desirable Smithfield location.; Generously sized parcel, one of the largest in the neighborhood.; Conveniently located near Jaswell's Farm, Deerfield Park, shopping, dining, and major highways.
    (855) 450-0442
    We can help!
    Listing Contact
    David Sepulveda
    David Sepulveda
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!