Mixed-Use Building with
For Sale
$550,000
168 Rockland, Woonsocket, RI 02895
Mixed-use property combines commercial suites, apartments, garage bays, and on-site parking.
Property Size4,440 SF
Price / SF$123.87
Days on Market33
Property Features for 168 Rockland
General Information
Standard status
Active
Size
4,440 SF
Total Parking Spaces
12
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,574
Amenities
Central air
Circuit Breakers
Ductless Cooling
Window Units Cooling
Building Details
Year Built
1925
Buildings
1
Listing Agency:
RE/MAX PROPERTIES
(401) 232-3900
Listed By:
LINDA MORRISSEY · License #132165
(401) 255-1320
Source:
Corcoran
Added: Sep 9
Changed: Oct 10
Last Checked: Oct 9 at 7:42PM
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
Investment Insights
Based on property information with market context.
This 4,440-square-foot mixed-use building, constructed in 1925, includes 2 commercial spaces and 2 apartments. The commercial component features a dance studio along with lower-level office and storage areas, while 2 garages include overhead doors. The rear apartment has been fully updated, and the building includes a fire system.
The property is fully rented to long-term tenants, with each tenant responsible for their own utilities. On-site parking accommodates 12+ cars. Located at 168 Rockland in Woonsocket, Rhode Island, the building combines residential and commercial space within a single income-producing property.
The property is fully rented to long-term tenants, with each tenant responsible for their own utilities. On-site parking accommodates 12+ cars. Located at 168 Rockland in Woonsocket, Rhode Island, the building combines residential and commercial space within a single income-producing property.
Key Highlights
- 4,440‑square‑foot mixed‑use building with 2 commercial spaces and 2 apartments
- Fully rented with long‑term tenants; each tenant pays their own utilities
- Commercial space includes a dance studio plus lower‑level office and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,126
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,520
$1.0M
Cap Rate 7%
$716,086
$716.1K
Cap Rate 9%
$556,956
$557.0K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$79.9K $18.00/SF
− Vacancy
−$8.3K −$1.87/SF
EGI
$71.6K $16.13/SF
− OpEx
−$21.5K −$4.84/SF
NOI
$50.1K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,520
Cap Rate 7%
$716,086
Cap Rate 9%
$556,956
Alternative Uses
Best Use
Apartment 5plus
$838.2K
$733.4K – $977.9K
NOI $58,672 @ 7.0% cap · market cap 10.67%
Second Best
Mixed Use
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 9.54%
Theoretical Best
Multifamily LT 5
$1.06M
$924.1K – $1.23M
NOI $73,928 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combines commercial suites, apartments, garage bays, and on-site parking.
Where is this mixed-use property located?
The property is located at 168 Rockland Woonsocket, RI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,440‑square‑foot mixed‑use building with 2 commercial spaces and 2 apartments; Fully rented with long‑term tenants; each tenant pays their own utilities; Commercial space includes a dance studio plus lower‑level office and storage areas
