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

    1435 Victory Highway North Smithfield, RI 2896

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Spacious retail property with high visibility and flexible leasing options.

    Property size:
    3,000 SF
    Added:
    Apr 11, 2025
    Days on Market:
    382
    Last Refresh:
    Apr 22 at 12:19 pm

    Property Features for 1435 Victory Highway

    General Information

    Standard status
    Active
    Size
    3,000 SF

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Scott McGee

    Listing agent Scott McGee License #232155

    Listing office RE/MAX Properties

    Listing date Apr 11, 2025

    Source Liongatere

    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 RE/MAX Properties

    Overview

    Retail Space in High-Traffic Location

    This retail property offers 3,000 square feet or more of space, situated on a bustling street characterized by high traffic. The versatile space is adaptable for various retail or commercial ventures. Ample storage space is available. Located in the North Smithfield area, the property offers high visibility. Flexible leasing options and built-to-suit possibilities are available.
    Location Intelligence

    Current Use by Public Records

    Creatures Plus (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5990866
    Latitude
    41.9943921

    Nearby Similar for Lease

    • $20 SF/Yr

      Second Floor Office Unit

      Office unit with waiting room, receptionist office, and storage.
      250 Eddie Dowling Highway #2, North Smithfield, RI 02896
      View Details
    • $650/Mo

      Renovated Office Space For Rent

      Renovated office space with utilities included and ample parking.
      642 Great Road, North Smithfield, RI 02896
      View Details
    • $25 SF/Yr

      Commercial Property on Route 146

      Well-maintained commercial property with high visibility on Route 146.
      1097 Eddie Dowling, North Smithfield, RI 02896
      View Details
    • $13,000/Mo

      Mixed-Use Property on Route 146

      Versatile mixed-use property with retail, garage, and residential space.
      1117 Eddie Dowling, North Smithfield, RI 02896
      View Details
    • $650/Mo

      Renovated Office Space For Rent

      Renovated 2+ room office space with utilities included.
      642 Great, North Smithfield, RI 02896
      View Details
    • $16 SF/Yr

      Retail Space in High-Traffic Area

      Spacious retail property with high visibility and flexible leasing options.
      1435 Victory, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      North Smithfield Retail Space Available

      Retail spaces available in North Smithfield's premier power center.
      19 Dowling Village Boulevard, North Smithfield, RI 02896
      View Details
    • $10 SF/Yr

      North Smithfield Commercial Lease Opportunity

      Turnkey commercial space in a high-traffic, well-maintained complex.
      63 Eddie Dowling #1, North Smithfield, RI 02896
      View Details
    • $20 SF/Yr

      Second Floor Office Unit

      500 SF office unit with Route 146 signage.
      250 Eddie Dowling #2, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      Retail Space in Power Center

      Retail opportunity in Northern Rhode Island's premier power center.
      North Smithfield, RI 02896
      View Details
    • $10 SF/Yr

      North Smithfield Commercial Lease Opportunity

      Turnkey commercial space with reception, waiting room, and offices.
      63 Eddie Dowling Highway #1, North Smithfield, RI 02896
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      First-floor office suite suitable for various professional uses.
      117 Eddie Dowling Hwy, North Smithfield, RI
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious retail property with high visibility and flexible leasing options.
    Where is this retail space located?
    The property is located at 1435 Victory Highway North Smithfield, RI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High visibility location on a bustling street with high traffic counts.; Spacious 3,000 sq. ft. (or more) retail space.; Flexible leasing options.
    (401) 639-2906
    We can help!
    Listing Contact
    Scott McGee
    Real Estate License ID: 232155
    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!