Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    844 Admiral St Providence, RI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,854 SF commercial space suitable for restaurant or retail.

    Type:RETAIL
    Property size:
    1,854 SF
    Lot size:
    0.34 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    147
    Last Refresh:
    Apr 5 at 10:24 pm

    Property Features for 844 Admiral St

    General Information

    Standard status
    Active
    Size
    1,854 SF
    Lot size
    0.34 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Michael A. Alves
    Michael A. Alves

    Listing agent Michael A. Alves License #REC.0016995

    Listing office HomeSmart Professional Real Estate

    Listing date Nov 26, 2025

    Source Moodyscre

    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 HomeSmart Professional Real Estate

    Overview

    Providence Commercial Space For Sale

    This property features 1,854 square feet of commercial space. The building is situated on a corner lot, offering street exposure. The interior layout is flexible, accommodating restaurant or retail use. All major utilities are in place, including natural gas and an electrical service of over 200 amps. The property is zoned C-1 for commercial use. It provides convenient access to downtown Providence and surrounding neighborhoods. The property is suitable for a restaurant, café, or bakery, a retail storefront, a grab-and-go food or beverage concept, or a neighborhood service business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4445
    Latitude
    41.8513

    Nearby Similar for Lease

    • Contact for pricing

      Stylish Loft-Style Office Space

      Creative, open-concept office with kitchen and spa-like bathroom.
      28 Wolcott, Providence, RI 02908
      View Details
    • Contact for pricing

      Wayland Square Therapy Office Sublease

      First-floor office sublease in Wayland Square, available March 1.
      245 Waterman #201, Providence, RI 02906
      View Details
    • Sponsored
      Contact for pricing

      Westminster Square

      10 Dorrance St, Unit 700, Providence, RI 02903
      View Details
    • Contact for pricing

      Renovated Office Suite For Rent

      Newly renovated 1,073 sq ft office suite for lease.
      959 N Main, Providence, RI 02904
      View Details
    • $4/mo

      Versatile Commercial Space For Lease

      Two-level commercial space suitable for office, warehouse, or mixed-use.
      299 Allens #2, Providence, RI 02905
      View Details
    • $20/mo

      Versatile Renovated Commercial Space

      Renovated 4,000 SF space suitable for office, retail, or medical.
      715 Branch Ave, Providence, RI 02904
      View Details
    • Contact for pricing

      Versatile Commercial Space for Rent

      Commercial space with flexible layout suitable for various business uses.
      944 Manton, Providence, RI 02909
      View Details
    • Contact for pricing

      Providence Commercial/Industrial Building For Rent

      Versatile commercial/industrial building in a high-traffic Providence location.
      39 De Soto, Providence, RI 02909
      View Details
    • Contact for pricing

      Renovated Office Space on Broadway

      Lower level office with private bathroom and kitchenette for rent.
      390 Broadway #lower, Providence, RI 02909
      View Details
    • $11/mo

      Providence Industrial Flex Space

      Versatile industrial space in Providence, suitable for various commercial uses.
      90 Salmon, Providence, RI 02909
      View Details
    • Contact for pricing

      Renovated Office Space on Broadway

      Lower level office with private bathroom and kitchenette for rent.
      390 Broadway #lower, Providence, RI 02909
      View Details
    • $4/mo

      Providence Commercial Space For Rent

      9,030 sqft commercial space available for rent in Providence.
      299 Allens Avenue 2, Providence, RI 02905
      View Details

    FAQs

    What type of property is this?
    Restaurant - 1,854 SF commercial space suitable for restaurant or retail.
    Where is this restaurant located?
    The property is located at 844 Admiral St Providence, RI.
    What are key features of this property?
    This property features: Excellent street exposure on a corner lot; Flexible interior layout suitable for restaurant or retail; All major utilities in place, including natural gas and 200+ amp service
    (401) 523-9555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael A. Alves
    Michael A. Alves
    Real Estate License ID: REC.0016995
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!