Mixed-Use Property with Retail
For Sale
$649,000
181 Danielson Pike, Scituate, RI 02857
Adaptable configuration combines professional space with a one-bedroom apartment.
Property Size3,388 SF
Price / SF$191.56
Days on Market9
Property Features for 181 Danielson Pike
General Information
Standard status
Active
Size
3,388 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Office Units
2
Building Details
Year Built
1940
Listing Agency:
REMAX Revolution
(401) 921-5011
Listed By:
John Ferri
Source:
Lockandkeyre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 7 at 1:45AM
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
Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use property combines two separate retail or office units with a one-bedroom, one-bath apartment. The arrangement supports distinct commercial spaces while incorporating a residential component within the same property.
Located on Danielson Pike in Scituate, the property offers high visibility along the roadway and is minutes from local shops, dining, schools, and major commuter routes. Its combination of commercial and residential space creates a flexible layout for professional occupancy, retail use, or rental income, as supported by the existing configuration.
Located on Danielson Pike in Scituate, the property offers high visibility along the roadway and is minutes from local shops, dining, schools, and major commuter routes. Its combination of commercial and residential space creates a flexible layout for professional occupancy, retail use, or rental income, as supported by the existing configuration.
Key Highlights
- Two separate retail or office units within the property
- One‑bedroom, one‑bath apartment included
- High visibility along Danielson Pike
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$895,420
$895.4K
Cap Rate 7%
$639,586
$639.6K
Cap Rate 9%
$497,456
$497.5K
Market Conditions
NOI Build-Up for 3,388 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.6K $25.56/SF
− Vacancy
−$5.2K −$1.53/SF
EGI
$81.4K $24.03/SF
− OpEx
−$36.6K −$10.81/SF
NOI
$44.8K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$895,420
Cap Rate 7%
$639,586
Cap Rate 9%
$497,456
Alternative Uses
Best Use
Apartment 5plus
$639.6K
$559.6K – $746.2K
NOI $44,771 @ 7.0% cap · market cap 6.90%
Second Best
Office B
$625.6K
$547.4K – $729.9K
NOI $43,793 @ 7.0% cap · market cap 6.75%
Theoretical Best
Multifamily LT 5
$805.9K
$705.2K – $940.2K
NOI $56,412 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable configuration combines professional space with a one-bedroom apartment.
Where is this mixed-use property located?
The property is located at 181 Danielson Pike Scituate, RI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two separate retail or office units within the property; One‑bedroom, one‑bath apartment included; High visibility along Danielson Pike
