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    16 Dowling Village Blvd N Smithfield, RI 02824

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    Freestanding Planet Fitness in Dowling Village Shopping Center for sale.

    Property size:
    17,450 SF
    Lot size:
    17.73 Acres

    Property Features for 16 Dowling Village Blvd

    General Information

    Size
    17,450 SF
    Lot size
    17.73 Acres

    Source: Atlantic Retail - Corporate Agent Eric Suffoletto

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

    Overview

    Planet Fitness Freestanding Building

    This 17,450 square foot freestanding building is leased to Planet Fitness on a 15-year lease that commenced 6/1/2019. The property is a top-performing location in Rhode Island and is ranked in the 8th percentile of gyms across the country. The lease includes two, five-year options with $1 per square foot increases every five years. Currently, Planet Fitness is paying $226,850 annually. The property is located within the Dowling Village Shopping Center, which includes national retailers such as Walmart, Lowe’s, PetSmart, Kohl’s, and Aldi. Situated at 16 Dowling Village Boulevard, the property is positioned amongst the main retail node of North Smithfield, approximately 12 miles north of Providence. The property sits along Route 146A (Eddie Dowling Highway), which sees 23,439 vehicles per day and is the main highway connecting Providence with its northern suburbs.
    Insight Report Location Intelligence

    Current Use by Public Records

    Planet Fitness Fitness Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Haven & Harmony, Burn With Kearns

    Location Insight

    • Map
    • Local Demand
    City
    N Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5094534
    Latitude
    41.9791925

    FAQs

    What type of property is this?
    Fitness center & gym - Freestanding Planet Fitness in Dowling Village Shopping Center for sale.
    Where is this fitness center & gym located?
    The property is located at 16 Dowling Village Blvd N Smithfield, RI.
    What are key features of this property?
    This property features: - Top-performing Planet Fitness location in Rhode Island, ranking in the 8th percentile nationally.; - Freestanding 17,450 SF single-tenant building leased to Planet Fitness on a 15-year lease commenced 6/1/2019.; - Located within Dowling Village Shopping Center, alongside national retailers like Walmart, Lowe’s, PetSmart, Kohl’s, and Aldi.
    (617) 239-3600
    Request Owner's contact information
    16 Dowling Village Blvd N Smithfield, RI 02824
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    N Smithfield, RI 02824
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    Realmo Value Estimation

    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.

    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.

    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
    16 Dowling Village Blvd N Smithfield, RI 02824
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