Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail and Storage Buildings Opportunity Title is generated by Realmo AI

    1017 Main #1, Hopkinton, RI 02832

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $529,900

    Turnkey investment with retail and service buildings near I-95.

    Lot size:
    0.40 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    133
    Last Refresh:
    Mar 16 at 11:03 am

    Property Features for 1017 Main #1

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    SANDY BLIVEN

    Listing agent SANDY BLIVEN

    Listing office RE/MAX SOUTH COUNTY

    Listing date Dec 31, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SOUTH COUNTY

    HighLights

    • High traffic location with excellent visibility and easy access to I‑95, Rte 138, and Rte 3.
    • Turnkey investment opportunity with two buildings suitable for retail/service or conversion to 6 rental units/condos.
    • Established business location serving Southern Rhode Island and Eastern Connecticut since 2004.
    • Recent upgrades including new roof, gutters, soffits, and electrical system.
    • Proximity to major employers (Pfizer, Electric Boat) and entertainment (Foxwoods, Mohegan Sun).
    • Includes a clean Phase I environmental study.

    Overview

    This property presents a business opportunity with two buildings situated on separate lots. The first building is designed for retail sales and parts storage, while the second serves as a full-service center. The property has been family-owned since 2004, serving Southern Rhode Island and Eastern Connecticut. Recent upgrades include a new roof (single layer), new gutters, new soffits, oil heat with mini-splits, and an upgraded electrical system. A Phase I study indicates the land is clean. The property is accessible from I-95, Route 138, and Route 3, offering high street visibility and traffic. Potential exists to convert the two buildings into six rental units or for condo conversion. The second floor of the building at 1017 Main offers potential rental space for residential or commercial use. Located near I-95, the property is 10 minutes from Westerly and midway between Boston and New York. Pfizer and Electric Boat are located nearby, and Foxwoods and Mohegan Sun casinos are 15-20 minutes away. The zoning is NB.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkinton
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.7150686
    Latitude
    41.5086315

    Nearby Similar for Sale

    • $675,000

      Turn-Key Monument & Stone Business

      Established monument and stone business with building and inventory for sale.
      4 Chase Hill Road, Hopkinton, RI 02804
      View Details
    • $529,900

      Retail and Storage Buildings For Sale

      Two buildings with high traffic count, suitable for retail or storage.
      1019 Main Street unit: 2, Hopkinton, RI 02832
      View Details
    • $529,900

      Retail and Storage Buildings For Sale

      Two buildings with retail and storage potential in Hopkinton, RI.
      1017 Main Street unit: 1, Hopkinton, RI 02832
      View Details
    • $369,900

      Hopkinton Duplex with Income Potential

      Charming duplex in Hopkinton, ideal for investors or owner-occupants.
      1 Side Hill Street, Hopkinton, RI 02832
      View Details
    • $540,000

      Hope Valley Multifamily Investment Opportunity

      Three-unit property in Hope Valley with river access.
      1088 Main Street, Hopkinton, RI 02832
      View Details
    • $349,900
      7,992 SF

      Iconic Building with Redevelopment Potential

      Landmark property offering redevelopment potential in a prime location.
      1081 Main Street, Hopkinton, RI 02832
      View Details
    • $529,900

      Retail and Storage Buildings Opportunity

      Two buildings for retail, storage, or conversion near I-95.
      1019 Main #2, Hopkinton, RI 02832
      View Details
    • $349,900
      7,992 SF

      Former Bank Building Redevelopment Opportunity

      Landmark property suited for mixed-use, office, retail, or recreational redevelopment.
      1081 Main, Hopkinton, RI 02832
      View Details
    • $675,000

      Turn-Key Monument & Stone Business

      Established monument and stone business with building and inventory for sale.
      4 Chase Hill Road, Hopkinton, RI 02804
      View Details
    • $3,495,000
      13,000 SF

      Established Retail Plaza For Sale

      Retail plaza with long-term tenants on 6.42 acres.
      229 Main St, Hopkinton, RI 02804
      View Details
    • Contact for pricing
      22,076 SF

      Affordable Housing Multifamily Property

      15-unit affordable housing property with easy access to I-95.
      332 Canonchet Rd, Hopkinton, RI 02873
      View Details

    FAQs

    What type of property is this?
    Retail space - Turnkey investment with retail and service buildings near I-95.
    Where is this retail space located?
    The property is located at 1017 Main #1 Hopkinton, RI.
    What is the asking price?
    The asking price for this property is $529,900.
    What are key features of this property?
    This property features: High traffic location with excellent visibility and easy access to I‑95, Rte 138, and Rte 3.; Turnkey investment opportunity with two buildings suitable for retail/service or conversion to 6 rental units/condos.; Established business location serving Southern Rhode Island and Eastern Connecticut since 2004.
    (401) 596-2067
    We can help!
    Listing Contact
    SANDY BLIVEN
    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

    Thank You for Inquiry
    1017 Main #1, Hopkinton, RI 02832
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!