Open-Plan Storefront Retail
New
For Sale
Contact for pricing
1708 Mineral Spring Avenue, North Providence, RI 02904
The commercial interior features a private bathroom and parking, with water, sewer, and building services included in the gross lease.
Property Size1,200 SF
Price / SF$2.08
Days on Market7
Property Features for 1708 Mineral Spring Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Amenities
wide-open floor plan
private bathroom
Building Details
Year Built
1990
Listing Agency:
RE/MAX Preferred
(401) 353-2200
Listed By:
Paul Nastari · License #RES.0041691
(401) 413-1359
Source:
Lockandkeyre
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 6:58PM
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 Preferred
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront in North Providence has an open floor plan, a private bathroom, and parking. The gross lease includes water and sewer, HVAC maintenance, trash removal, exterior maintenance, snow removal, and property taxes. The building was constructed in 1990.
The property is located at 1708 Mineral Spring Avenue, where the corridor carries more than 20,000 vehicles daily.
The property is located at 1708 Mineral Spring Avenue, where the corridor carries more than 20,000 vehicles daily.
Key Highlights
- 1,200 sq ft open‑plan storefront
- Private bathroom and parking
- Gross lease includes water, sewer, HVAC maintenance, trash, exterior and snow removal, and property taxes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,548
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,960
$271.0K
Cap Rate 7%
$193,543
$193.5K
Cap Rate 9%
$150,533
$150.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$2.2K −$1.87/SF
EGI
$19.4K $16.13/SF
− OpEx
−$5.8K −$4.84/SF
NOI
$13.5K $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%
$270,960
Cap Rate 7%
$193,543
Cap Rate 9%
$150,533
Alternative Uses
Best Use
Retail
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 541.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$285.4K
$249.8K – $333.0K
NOI $19,981 @ 7.0% cap · market cap 799.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
109k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Home Improvements & Furnishings 23%
Shops & Services 23%
Electronics 10%
Lowe's
Home Improvements & Furnishings
25,386 visits/mo
0.1 miles
Starbucks
Dining
12,090 visits/mo
0.4 miles
Bank of America
Shops & Services
10,857 visits/mo
0.3 miles
Five Guys
Dining
10,005 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
7,535 visits/mo
0.3 miles
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The commercial interior features a private bathroom and parking, with water, sewer, and building services included in the gross lease.
Where is this storefront property located?
The property is located at 1708 Mineral Spring Avenue North Providence, RI.
What are key features of this property?
This property features: 1,200 sq ft open‑plan storefront; Private bathroom and parking; Gross lease includes water, sewer, HVAC maintenance, trash, exterior and snow removal, and property taxes
