Renovated Retail
New
For Sale
Contact for pricing
1115 Chalkstone Avenue, Providence, RI 02908
First-floor commercial space offers 10-foot ceilings and dedicated parking.
Property Size940 SF
Price / SF$3.19
Days on Market4
Property Features for 1115 Chalkstone Avenue
General Information
Standard status
Active
Size
940 SF
Total Parking Spaces
8
Property subtype
Commercial
Site & Location
Neighborhood
Mount Pleasant
Frontage
77 ft
Traffic Count
8,000 vehicles/day
Road Access
Yes
Additional Details
Floor
Ground
Amenities
10-foot ceilings
Building Details
Year Built
1950
Listing Agency:
Palma Realty Corporation
Listed By:
Consuelo Quinonez · License #REB.0019523
(401) 226-6814
Source:
Lockandkeyre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:33PM
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 Palma Realty Corporation
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Investment Insights
Based on property information with market context.
This renovated retail property in Providence contains approximately 840 square feet of first-floor commercial area with 10-foot ceilings. Eight parking spaces sit at the front, and the site has two driveway entrances. The building dates to 1950.
The property fronts Chalkstone Avenue, with approximately 77 feet along the street and an estimated 8,000 vehicles passing daily. Nearby destinations include Academy Avenue, public transportation, shopping, restaurants, medical centers, Providence College, and Rhode Island College.
Retail, professional office, and service-oriented uses are identified as possibilities, subject to zoning and applicable approvals.
The property fronts Chalkstone Avenue, with approximately 77 feet along the street and an estimated 8,000 vehicles passing daily. Nearby destinations include Academy Avenue, public transportation, shopping, restaurants, medical centers, Providence College, and Rhode Island College.
Retail, professional office, and service-oriented uses are identified as possibilities, subject to zoning and applicable approvals.
Key Highlights
- Approximately 840 square feet of first‑floor retail space
- Renovated property with 10‑foot ceilings
- Eight front parking spaces and two driveway entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,994
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,880
$279.9K
Cap Rate 7%
$199,914
$199.9K
Cap Rate 9%
$155,489
$155.5K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$20.9K $22.20/SF
− Vacancy
−$876 −$0.93/SF
EGI
$20.0K $21.27/SF
− OpEx
−$6.0K −$6.38/SF
NOI
$14.0K $14.89/SF
Area
Providence, RI
Vacancy
4.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,880
Cap Rate 7%
$199,914
Cap Rate 9%
$155,489
Alternative Uses
Best Use
Retail
$199.9K
$174.9K – $233.2K
NOI $13,994 @ 7.0% cap · market cap 466.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.5K
$275.2K – $366.9K
NOI $22,014 @ 7.0% cap · market cap 734.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
8,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Citizens Bank
Shops & Services
6,933 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,354 visits/mo
0.2 miles
Domino's Pizza
Dining
3,538 visits/mo
0.2 miles
China Garden
Dining
1,799 visits/mo
0.2 miles
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Providence, RI
Frequently Asked Questions
What type of property is this?
Retail space - First-floor commercial space offers 10-foot ceilings and dedicated parking.
Where is this retail space located?
The property is located at 1115 Chalkstone Avenue Providence, RI.
What are key features of this property?
This property features: Approximately 840 square feet of first‑floor retail space; Renovated property with 10‑foot ceilings; Eight front parking spaces and two driveway entrances
