Add Listing
    For Sale
    • 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

    1305 Mineral Spring North Providence, RI 2904

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    Commercial building in premier business district with ample parking.

    Type:Commercial
    Property size:
    15,726 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $82/SF
    Added:
    Sep 30, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 1305 Mineral Spring

    General Information

    Standard status
    Active
    Size
    15,726 SF
    Lot size
    0.49 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    KENNETH SCOTTI

    Listing agent KENNETH SCOTTI License #527749

    Listing office RE/MAX PROPERTIES

    Listing date Sep 30, 2025

    Source Corcoran

    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

    North Providence Commercial Building For Sale

    Located in North Providence's premier business district, this commercial building features a clean Dryvit facing and ample parking on nearly half an acre. The building offers 15,726 square feet of space, with 7,347 square feet on the main level and 7,149 square feet on the upper level. The property has been owner-occupied for over 40 years. The location provides easy access to Rhode Island 146 North and South, and is just minutes from Routes 95 and 295. This building provides space for retail, medical, and office use in a business-friendly town.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4368
    Latitude
    41.8679

    Nearby Similar for Sale

    • $445,000

      North Providence Commercial Building For Sale

      Commercial building with restaurant, high traffic area, parking.
      888 Charles Street, North Providence, RI 02904
      View Details
    • $1,000

      North Providence Private Office Space

      Move-in ready office space with utilities included near Providence.
      1515 Smith Street unit: J, North Providence, RI 02911
      View Details
    • $3,000

      North Providence Commercial Space Available

      High-traffic location, flexible layout, ideal for retail or office.
      1410 Mineral Spring Avenue unit: 1, North Providence, RI 02904
      View Details
    • $319,900

      North Providence Commercial Building For Sale

      One-level commercial building with parking in a high-traffic location.
      1815 Mineral Spring Avenue, North Providence, RI 02904
      View Details
    • $449,000

      North Providence Two-Family Home

      Well-maintained two-family home in desirable Fruit Hill neighborhood.
      100 Lyman Avenue, North Providence, RI 02911
      View Details
    • $1,500

      Prime Commercial Space, North Providence

      High-traffic location, flexible layout, ideal for retail or office.
      1410 Mineral Spring Avenue unit: 1A, North Providence, RI 02904
      View Details
    • $1,800

      High-Traffic Commercial Space Available

      Thriving business opportunity in North Providence with excellent visibility.
      1410 Mineral Spring Avenue unit: 4, North Providence, RI 02904
      View Details
    • $575,000
      2,714 SF

      Versatile Multi-Family Home

      Spacious home with flexible living space, ideal for multi-generational living.
      16 Brown St, North Providence, RI 02904
      View Details
    • $3,500

      Mixed-Use Property in North Providence

      Commercial space with on-site residency in a high-traffic location.
      1441 Mineral Spring Avenue, North Providence, RI 02904
      View Details
    • $350,000

      North Providence Commercial Business Opportunity

      Established business and property for sale in a prime location.
      1007 Charles Street, North Providence, RI 02904
      View Details
    • $575,000

      Versatile Multi-Family Home with Pool

      Spacious 6-bed, 3-bath home with in-ground pool.
      16 Brown Street, North Providence, RI 02904
      View Details
    • $449,900

      Renovated Two-Family in North Providence

      Turnkey, renovated two-family generating income in North Providence.
      106 Andover Street, North Providence, RI 02904
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building in premier business district with ample parking.
    Where is this office building located?
    The property is located at 1305 Mineral Spring North Providence, RI.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Premier location in North Providence's business district with ample parking on nearly half an acre.; Boasting 15,726 sq ft of space across two levels (7,347 sq ft main level, 7,149 sq ft upper level).; Established business location with 40+ years of owner occupancy.
    (401) 232-3900
    We can help!
    Listing Contact
    KENNETH SCOTTI
    Real Estate License ID: 527749
    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!