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

    68 Taunton Avenue East Providence, RI 02914

    View on Map
    For Sale
    $599,900

    COMMERCIAL - East Providence, RI

    Type:Apartment
    Lot size:
    0.23 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 68 Taunton Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Parking
    30
    Standard status
    Active
    Lot size
    0.23 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    7016

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1930
    Floors in Building
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Team Garcia

    Listing agent Team Garcia

    Listing office Keller Williams Leading Edge 28 Thurber Boulevard, Lincoln, RI

    Listing date Feb 19, 2026

    MLS# 1405227

    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.

    Overview

    Mixed-Use Property in East Providence

    This mixed-use property presents an investment opportunity. The first level features two commercial spaces, one currently occupied by long-term tenants and another vacant, suitable for a new business or lease. The second level, previously used as office space with multiple rooms, offers potential for conversion into an apartment. The third floor contains a one-bedroom apartment. The property includes ample off-street parking and is situated in a high-visibility area with immediate highway access in East Providence, Rhode Island.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MC's Pizza: Burgers, ... Take-out & Catering Believe Nutrition & Wellness Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.379858
    Latitude
    41.819685

    Nearby Similar for Sale

    • $850,000

      Mixed-Use Property in East Providence

      Impeccably maintained mixed-use property with strong income potential.
      2919 Pawtucket Avenue, East Providence, RI 02915
      View Details
    • $995,000

      Versatile Multi-Level Commercial Building

      Multi-level commercial building in high-traffic area with flexible space.
      577 Warren Avenue, East Providence, RI 02914
      View Details
    • $1,850,000

      Riverside Restaurant with Development Potential

      Thriving restaurant on a large lot with redevelopment possibilities.
      376 Bullocks Point Avenue, East Providence, RI 02915
      View Details
    • $25

      East Providence Corner Office Space

      Updated office space in a convenient East Providence location.
      400 Massasoit Avenue unit: 307&308, East Providence, RI 02914
      View Details
    • $850,000

      Mixed-Use Property in East Providence

      Well-maintained mixed-use property with commercial and residential units.
      2919 Pawtucket Avenue, East Providence, RI 02915
      View Details
    • $199,000

      East Providence Corner Office Space

      Turn-key office space in a convenient East Providence location.
      400 Massasoit Avenue unit: 307&308, East Providence, RI 02914
      View Details
    • $580,000

      East Providence Multifamily with Loft

      Well-maintained two-family with finished loft in prime location.
      94 Anthony Street, East Providence, RI 02914
      View Details
    • $519,900

      East Providence Two-Family Home

      Well-maintained two-family home in desirable Rumford neighborhood.
      5 Nelson Street, East Providence, RI 02916
      View Details
    • $995,000
      22,600 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren, East Providence, RI 02914
      View Details
    • $429,900

      Commercial Garage with Versatile Space

      Commercial garage with parking, storage, and workshop space available.
      584 warren, East Providence, RI 02914
      View Details
    • $445,000

      East Providence Restaurant and Property

      Restaurant with real estate for sale in East Providence.
      95 Warren, East Providence, RI 02914
      View Details
    • $149,900
      840 SF

      Move-in Ready Office Condominium

      Renovated office condo with flexible space and highway access.
      250 Wampanoag #203, East Providence, RI 02915
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial spaces and residential unit.
    Where is this mixed-use property located?
    The property is located at 68 Taunton Avenue East Providence, RI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: High visibility location with instant highway access.; Two commercial spaces on the first level, one currently rented with long‑term tenants providing immediate income.; Significant off‑street parking available.
    (401) 333-4900
    We can help!
    Listing Contact
    Team Garcia
    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!