Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Refinished Mixed-Use Property in Foster Title is generated by Realmo AI

    120 Danielson Pike, Foster, RI 02825

    View on Map
    Claim this Listing
    For Sale
    $359,900

    Turn-key, flexible property suitable for residential or commercial use.

    Type:Commercial
    Property size:
    1,440 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $249/SF
    Added:
    Apr 27, 2026
    Days on Market:
    31
    Last Refresh:
    May 19 at 4:33 am

    Property Features for 120 Danielson Pike

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Lot size
    0.23 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Don Martone

    Listing agent Don Martone

    Listing office Bond Brokerage

    Listing date Apr 27, 2026

    Source Milburyre

    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 Bond Brokerage

    HighLights

    • Turn‑key property suitable for single‑family, live/work, or commercial use, offering exceptional flexibility.
    • Newly renovated with GLEAMING HARDWOOD FLOORS, new carpeting, remodeled bath with WALK‑IN RAIN SHOWER, and a BRAND‑NEW FULLY APPLIANCED KITCHEN.
    • Over 6,000 sq. ft. of NEWLY PAVED PARKING, minimizing maintenance and maximizing accessibility and visibility.
    • New roof and brand‑new well.
    • Located on highly traveled Danielson Pike, offering high visibility and accessibility.
    • Zoned GB district, permitting single‑family, ADU, multifamily (with approvals), short‑term rental, daycare, and more; also available under current commercial designation.

    Overview

    Located in Foster, RI, the property at 120 Danielson Pike offers a versatile opportunity for single-family, live/work, or commercial use. The 1,440 sq. ft. building has been refinished with hardwood floors, new carpeting, an office space, living or retail areas, a remodeled bathroom with a walk-in rain shower, and a new kitchen with appliances. Situated on a 10,019 sq. ft. lot, the property includes over 6,000 sq. ft. of newly paved parking. Upgrades include a new roof and well. Positioned on Danielson Pike, the property is located within Foster's GB district, where permitted uses may include single-family, ADU, multifamily (with approvals), short-term rental, and daycare. The property is also available under its current commercial/business designation without requiring a zoning change, making it suitable for entrepreneurs, homeowners, or investors seeking residential, business, or mixed-use potential.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $206.8K
    NOI $18,613 @ 9.00% cap · cautious / downside scenario
    Moderate
    $265.9K
    NOI $18,613 @ 7.00% cap · market / base-case scenario
    Aggressive
    $372.3K
    NOI $18,613 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $28.9k $20.04
    − Vacancy −$4.0k −$2.81
    EGI $24.8k $17.23
    − OpEx −$6.2k −$4.31
    NOI $18.6k $12.93
    1,440 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $265.9K
    $232.7K – $310.2K (±1% cap)
    NOI $18,613 @ 7.0% cap · market cap 5.17%
    Second Best
    Mixed Use
    $243.0K
    $212.6K – $283.5K (±1% cap)
    NOI $17,010 @ 7.0% cap · market cap 4.73%
    Theoretical Best
    Multifamily LT 5
    $342.5K
    $299.7K – $399.6K (±1% cap)
    NOI $23,977 @ 7.0% cap · market cap 6.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Gym & Fitness Center Bar & Pub Discount Store (Bike/Boat/Book/etc) Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Foster
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.73967
    Latitude
    41.814315

    Nearby Similar for Sale

    • $359,900
      1,440 SF

      Turnkey Live-Work Potential in Foster

      Reimagined commercial site with live/work potential in Foster, RI.
      120 Danielson Pike, Foster, RI 02825
      View Details
    • $325,000
      1,800 SF

      Mixed-Use Property in Foster, RI

      4.63 acre mixed-use site with 1800 sq ft building.
      37 Mill Road, Foster, RI 02825
      View Details
    • $325,000
      1,800 SF

      Mixed-Use Property on 4.63 Acres

      4.63 acre mixed-use property with existing 1800 sq ft building.
      37 Mill, Foster, RI 02825
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Turn-key, flexible property suitable for residential or commercial use.
    Where is this mixed-use property located?
    The property is located at 120 Danielson Pike Foster, RI.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: Turn‑key property suitable for single‑family, live/work, or commercial use, offering exceptional flexibility.; Newly renovated with GLEAMING HARDWOOD FLOORS, new carpeting, remodeled bath with WALK‑IN RAIN SHOWER, and a BRAND‑NEW FULLY APPLIANCED KITCHEN.; Over 6,000 sq. ft. of NEWLY PAVED PARKING, minimizing maintenance and maximizing accessibility and visibility.
    We can help!
    Listing Contact
    Don Martone
    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

    Thank You for Inquiry
    120 Danielson Pike, Foster, RI 02825
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!