172 Danielson Pike, Scituate, RI 02857

Building Details

Building Size 2,696 SF More

Year Built 1890 More

Buildings 1 More

Listing Agency: REMAX Revolution

Listed By: John Ferri · License RI RES.0040208 Show Phone

Source: Pooleproperties

Added: Sep 4 Changed: Nov 7 Last Checked: Nov 10 at 7:50PM

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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 REMAX Revolution

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Investment Insights

Based on property information with market context.

This 2,696-square-foot mixed-use building contains two units, each with its own entrance. The adaptable floor plans accommodate residential or professional use, including a live-work arrangement. Built in 1890, the property features New England architectural character and landscaped grounds, with on-site parking for tenants or visitors.

The building is on Danielson Pike in Scituate Village, near local shops, dining, and schools. Major commuter routes are nearby, and Providence is minutes away.

Key Highlights

• 2,696‑square‑foot building with two distinct units
• Separate entrances and adaptable floor plans
• Built in 1890

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,890

Cap Rate

7.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$897,800 $897.8K

Cap Rate 7%

$641,286 $641.3K

Cap Rate 9%

$498,778 $498.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,696 SF

Gross rent

$68.6K $25.44/SF

− Vacancy

−$4.5K −$1.65/SF

EGI

$64.1K $23.79/SF

− OpEx

−$19.2K −$7.14/SF

NOI

$44.9K $16.65/SF

Area

Providence County, RI

Vacancy

6.50%

Lease Rate

$25.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$897,800

Cap Rate 7%

$641,286

Cap Rate 9%

$498,778

Alternative Uses

Best Use

Multifamily LT 5

$641.3K

$561.1K – $748.2K (±1% cap)

NOI $44,890 @ 7.0% cap · market cap 7.89%

Second Best

Apartment 5plus

$508.9K

$445.3K – $593.8K (±1% cap)

NOI $35,626 @ 7.0% cap · market cap 6.26%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Helen's Place Bar & Pub

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 02857, RI

8,339

Population

3,549

Households

2.3

Avg Household Size

48

Median Age

38%

College-Educated

98%

High-School Grad

43.2 sq mi

ZIP Area

193

Density / Sq Mi

$108,813

Median Household Income

$60,958

Median Earnings

$1,463

Median Rent

$387,500

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Providence County, RI

$227 Jul

$222 Aug

$219 Sep

$213 Oct

Properties on Market for Mixed-use properties in Providence County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Separate entrances and flexible floor plans support residential, professional, or combined occupancy.

Where is this mixed-use property located?

The property is located at 172 Danielson Pike Scituate, RI.

What is the asking price?

The asking price for this property is $569,000.

What are key features of this property?

This property features: 2,696‑square‑foot building with two distinct units; Separate entrances and adaptable floor plans; Built in 1890