Sign Up Successful!
You now have access to more from Realmo!
    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

    Buxton St North Smithfield, RI 02896

    Sponsored
    For Sale
    Pending
    $200,000

    LAND - North Smithfield, RI

    Lot size:
    15.77 Acres
    Days on Market:
    180
    Last Refresh:
    Jan 30 at 4:06 pm

    Property Features for Buxton St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RS
    Lot size
    15.77 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Private

    We can help!

    Listing Contact
    Elise Vetri

    Keller Williams Realty Leading Edge (401) 333-4900

    Listing agent Elise Vetri (401) 651-1138

    Listing date Aug 4, 2025

    MLS# 1386233

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in North Smithfield

    This 15.58-acre lot is located in a Northern Rhode Island neighborhood. Buxton Street features homes and open spaces. The location offers both privacy and convenience, with proximity to main roads and amenities. Public sewer is available. The property is to be sold together with a 0.62-acre lot zoned for business at 1003 Victory Highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    North Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5898
    Latitude
    42.009007

    Nearby Similar for Sale

    • $450,000
      Pending

      North Smithfield Multi-Family Investment Opportunity

      Two-family property with business zoning near amenities and highway access.
      612 Great Rd, North Smithfield, RI 02896
      View Details
    • $299,900

      Versatile Medical/Office Space For Sale

      Nearly 3,000 sq ft space suitable for medical/office use.
      501 Great Rd, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      North Smithfield Office Space Available

      Second floor office unit with high visibility and ample parking.
      250 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • Contact for pricing
      1.22 Acres

      North Smithfield Retail/Office Opportunity

      Versatile retail/office space in a high-visibility North Smithfield location.
      1435 Victory Hwy, North Smithfield, RI 02896
      View Details
    • $395,000
      3,144 SF

      Slatersville Two-Unit on Large Lot

      Two-unit property on 3.61 acres with development potential.
      1014 Victory Hwy, North Smithfield, RI 02896
      View Details
    • Contact for pricing
      17,450 SF

      Planet Fitness Freestanding Building

      Freestanding Planet Fitness in Dowling Village Shopping Center for sale.
      16 Dowling Village Blvd, N Smithfield, RI 02824
      View Details
    • $225,000
      7.00 Acres

      Equestrian Land Opportunity

      7+-acre horse-zoned lot near equestrian center in North Smithfield.
      Pound Hill Rd, North Smithfield, RI 02896
      View Details
    • Contact for pricing
      1,568 SF

      North Smithfield Land and Building

      0.93 acres with 1,568 SF building for sale.
      327 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • Contact for pricing
      11,379 SF

      Retail Space Near Major Routes

      Freestanding retail space shadow-anchored by Stop & Shop.
      1 Eddie Dowling Hwy, North Smithfield, RI 02896
      View Details
    • $549,900

      Victory Hwy Specialty Property

      Specialty property available for sale on Victory Hwy.
      784 Victory Hwy, North Smithfield, RI 02896
      View Details

    FAQs

    What type of property is this?
    Land - 15.58 acre lot for dream home in Northern RI.
    Where is this land located?
    The property is located at Buxton St North Smithfield, RI.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Large 15.58 acre lot for building a custom home.; - Located in a desirable, established neighborhood with beautiful homes and open spaces.; - Convenient access to main roads and amenities.
    (401) 651-1138
    Request Owner's contact information
    Buxton St North Smithfield, RI 02896
    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.
    Buxton St
    North Smithfield, RI 02896
    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
    Buxton St North Smithfield, RI 02896
    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
    Elise Vetri
    Real Estate License ID: RES.0030823
    (401) 651-1138
    Learn more
    Google sign-in failed. Please try again or use another login method.