6,000 SF Pawtucket Shop
65 East St Pawtucket, RI
65 East St, Pawtucket, RI, 00000
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For Sale
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6,000 SF office shop building on 30,000 SF lot.
Property Size6,000 SF
Lot Size0.69 Acres
Price / SF$233.33
Days on Market1363
Property Features for 65 East St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.69 Acres
- Property subtype
- RETAIL
Listing Agency
Rodman Real Estate, Inc.
(401) 273-2270
Listed by
Sheldon E Rodman
Source
Moodyscre
Added: Oct 28, 2022 Updated: Jul 6 at 10:18 am Checked: Jul 20 at 3:32 am
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 Rodman Real Estate, Inc.
Investment Insights
Based on property information with market context.
The property features an approximate 6,000 square foot concrete masonry block and steel office shop building situated on an approximate 30,000 square foot lot. The building includes 1,000 square feet of office space, featuring a client waiting area and private offices. Additionally, there is a 1,000 square foot parts/tool room. The shop area spans 4,000 square feet and includes a five-bay garage. The property is located in Pawtucket, RI.
Key Highlights
- 6,000 Sq. Ft. concrete masonry block and steel office shop building
- Approximate 30,000 square foot lot
- 4,000 Sq. Ft. shop area with five bay garage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $18.00 |
| − Vacancy | −$11.2k | −$1.87 |
| EGI | $96.8k | $16.13 |
| − OpEx | −$29.0k | −$4.84 |
| NOI | $67.7k | $11.29 |
6,000 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$967.7K
$846.7K – $1.13M
NOI $67,738 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$447.3K
$391.4K – $521.9K
NOI $31,311 @ 7.0% cap · market cap 2.24%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,903 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Champion Collision & Sales Inc — 41 Congress St, Pawtucket, RI 02860
- Kyleen Designs — 172 Exchange St #6, Pawtucket, RI 02860
- C&D Towing — 262 broadway, pawtucket, ri 02860
- Pawtucket Auto Body — 262 Broadway, Pawtucket, RI 02860
- Kars and Cuts, LLC — 263 Dexter St, Pawtucket, RI 02860
FAQs
What type of property is this?
Auto shop - 6,000 SF office shop building on 30,000 SF lot.
Where is this auto shop located?
The property is located at 65 East St Pawtucket, RI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,000 Sq. Ft. concrete masonry block and steel office shop building; Approximate 30,000 square foot lot; **4,000 Sq. Ft. shop area with five bay garage**
