185 Spring Street Woonsocket, RI 02895
Versatile mixed-use property in Woonsocket with commercial and residential potential.
Property Features for 185 Spring Street
General Information
- Standard status
- Active
- Size
- 3,516 SF
- Lot size
- 0.36 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing office Prime Time Properties, Inc. (401) 640-3299
Listing date Apr 6, 2026
Source Liongatere
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 Prime Time Properties, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property suitable for various business types or residential use
- Located on a corner lot with 0.36 acres, offering development potential
- Zoning (COMBO COM M94 R3) supports both residential and commercial applications
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $25.56 |
| − Vacancy | −$5.4k | −$1.53 |
| EGI | $84.5k | $24.03 |
| − OpEx | −$38.0k | −$10.81 |
| NOI | $46.5k | $13.21 |
