Standalone Storefront
For Sale
$499,900
1099 Charles Street, North Providence, RI 02904
Open-plan commercial space with street and rear parking supports office, retail, or service uses.
Property Size2,760 SF
Price / SF$181.12
Days on Market54
Property Features for 1099 Charles Street
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Commercial
Building Details
Year Built
1962
Buildings
1
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
Karl Martone · License #REB.0013618
(401) 232-7900
Source:
Lockandkeyre
Added: Aug 13
Changed: Oct 4
Last Checked: Oct 4 at 10:37AM
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 Properties
Investment Insights
Based on property information with market context.
This standalone storefront property contains approximately 2,760 square feet of open commercial space. Its adaptable layout can accommodate office, retail, or service-oriented operations, providing a flexible setting for a range of small business formats. The building was constructed in 1962.
The property is positioned near Mineral Spring Avenue in North Providence, with access to surrounding communities. Parking is available along the street and at the rear of the building.
The property is positioned near Mineral Spring Avenue in North Providence, with access to surrounding communities. Parking is available along the street and at the rear of the building.
Key Highlights
- Approximately 2,760 square feet of commercial space
- Open layout suited to office, retail, or service‑oriented uses
- Standalone building with street parking and parking at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,675
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,500
$713.5K
Cap Rate 7%
$509,643
$509.6K
Cap Rate 9%
$396,389
$396.4K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$55.3K $20.04/SF
− Vacancy
−$7.7K −$2.81/SF
EGI
$47.6K $17.23/SF
− OpEx
−$11.9K −$4.31/SF
NOI
$35.7K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,500
Cap Rate 7%
$509,643
Cap Rate 9%
$396,389
Alternative Uses
Best Use
Office B
$509.6K
$445.9K – $594.6K
NOI $35,675 @ 7.0% cap · market cap 7.14%
Second Best
Retail
$445.1K
$389.5K – $519.3K
NOI $31,159 @ 7.0% cap · market cap 6.23%
Theoretical Best
Multifamily LT 5
$656.5K
$574.4K – $765.9K
NOI $45,955 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Imondi & Sons Florists — 182 Smithfield Ave, Pawtucket, RI 02860
- Blossoms Design Boutique — 160 Smithfield Ave, Pawtucket, RI 02860
- Stop & Shop Florist — North Providence, RI 02904
- Michael Florist Ltd — 1171 Mineral Spring Ave, North Providence, RI 02904
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with street and rear parking supports office, retail, or service uses.
Where is this storefront property located?
The property is located at 1099 Charles Street North Providence, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Approximately 2,760 square feet of commercial space; Open layout suited to office, retail, or service‑oriented uses; Standalone building with street parking and parking at the rear
