Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    622 Dexter St Central Falls, RI 02863

    Sponsored
    For Sale
    $900,000

    COMMERCIAL - Central Falls, RI

    Property size:
    2,900 SF
    Lot size:
    0.14 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 21 at 10:06 am

    Property Features for 622 Dexter St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Zoning
    C-D
    Parking
    7
    Interior features
    Ceiling Height (9 to 12 Ft)
    Size
    2,900 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Floors in Building
    1
    Number of units
    1
    Building materials
    Masonry

    We can help!

    Listing Contact
    Brian McGloin

    Williams and Stuart Real Estate (401) 942-0200 [email protected]

    Listing agent Brian McGloin (401) 829-0318

    Listing date Jan 9, 2026

    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

    Established Convenience Store on Dexter Street

    This well-maintained 2,900 SF convenience store is located on a highly traveled street in Central Falls. The business and real estate are being sold together, excluding current inventory. The store has served the local community for over 24 years, producing a high sales volume. It currently offers lottery, cigarettes, and grocery items, and accepts WIC and EBT. The building features two front entry doors, two half baths, and two office spaces, along with safety glass and security cameras. Fixtures include a 10-door cooler, ample shelving, additional cold food storage, and a slushy machine. Recent upgrades include a newer roof, AC, lighting, and two large, illuminated signs marketing the business. The exterior is well-lit and provides parking for 7 vehicles. Situated adjacent to a RIPTA bus stop and near several area schools and popular local businesses, this property is zoned C-D and is located on a lot of 0.14 acres. The building can be subdivided if needed in the future. The building is valued at approximately $600K.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

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

    Similar Places Nearby

    99¢ Plus, HOME RI, Americas Food Basket, Price Rite Marketplace of Pawtucket, Bravo Supermarkets

    Location Insight

    • Map
    • Local Demand
    City
    Central Falls
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.396334
    Latitude
    41.885755

    Nearby Similar for Sale

    • $650,000
      Pending

      Profitable Multi-Family Investment Opportunity

      Well-maintained 5-unit property in Central Falls, RI.
      152 Washington St, Central Falls, RI 02863
      View Details
    • $650,000
      Pending

      Central Falls Multifamily Investment Property

      Profitable, well-maintained 5-unit multifamily property in Central Falls, RI.
      152 Washington St, Central Falls, RI 02863
      View Details
    • $550,000
      Pending

      Well-Maintained Three-Family Home

      Three units, each with 2 beds and 1 bath.
      584 Lonsdale Ave, Central Falls, RI 02863
      View Details
    • New
      $699,900
      3,588 SF

      Central Falls Three-Family Property

      Well-maintained, fully occupied 3-family property near schools and transportation.
      616 Lonsdale Ave, Central Falls, RI 02863
      View Details
    • New
      $1,300,000
      0.29 Acres

      Central Falls Auto Dealership Opportunity

      Established auto business with real estate in revitalizing neighborhood.
      1220 Broad St, Central Falls, RI 02863
      View Details
    • $650,000
      0.11 Acres

      Central Falls Two-Family Property

      Two-family property in Central Falls with recent updates and solar panels.
      123 Bagley St, Central Falls, RI 02863
      View Details
    • New
      $495,000
      0.10 Acres

      Central Falls Multi-Family Property

      Three-unit property in Central Falls near amenities and transportation.
      218 Central St, Central Falls, RI 02863
      View Details
    • $515,000
      0.11 Acres

      Spacious Multifamily Property in Central Falls

      Two-family home with modern layout, ideal for investors/owner-occupants.
      129 Liberty St, Central Falls, RI 02863
      View Details
    • $1,400,000
      0.11 Acres

      Mixed-Use Investment in Central Falls

      Mixed-use property with retail and residential units in revitalizing area.
      708 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      0.13 Acres

      Central Falls Commercial Property

      Commercial property for sale in Central Falls, Rhode Island.
      708 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      0.11 Acres

      Prime Retail Space in Central Falls

      5,000 sq ft retail space in revitalizing Renaissance area.
      708 Broad St, Central Falls, RI 02863
      View Details
    • $660,000

      Updated Three-Family Home, Central Falls

      Well-maintained three-family home with recent updates and great rental potential.
      31-33 Garfield St, Central Falls, RI 02863
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Well-maintained convenience store with high sales volume and prime location.
    Where is this grocery and convenience store located?
    The property is located at 622 Dexter St Central Falls, RI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - High sales volume convenience store with 24+ years of established business.; - Real estate and business being sold together.; - Prime location on a highly traveled street in Central Falls, adjacent to a RIPTA bus stop and near schools/businesses.
    (401) 942-0200
    Request Owner's contact information
    622 Dexter St Central Falls, RI 02863
    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.
    622 Dexter St
    Central Falls, RI 02863
    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
    622 Dexter St Central Falls, RI 02863
    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

    We can help!
    Listing Contact
    Brian McGloin
    (401) 942-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.