Four-Unit Mixed-Use
New
For Sale
$649,000
2200 Diamond Hill Road, Cumberland, RI 02864
Commercial/Business,Commercial Sale, Cumberland, RI
Property Size2,914 SF
Lot Size0.24 Acres
Price / SF$222.72
Days on Market2
Property Features for 2200 Diamond Hill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking
8
Interior features
Ceiling Height (7 to 9 Ft)
Subdivision
Chapel Four Corners / I295
Lot features
Paved, Sidewalks, Free Standing, Suburban
Standard status
Active
Size
2,914 SF
Lot size
0.24 Acres
Additional Details
Mixed-Use Components
commercial, residential
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5449
Utilities
Heating system
Baseboard, Heat Pump (Heating)
Cooling system
Window Unit(s), Ductless
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Building materials
Brick, Frame
Buildings
1
Listing Agency:
Re/Max Town & Country · RE/MAX International
(401) 333-0020
Listed By:
The Hometown Experts Team
(401) 374-1211
Added: Oct 26
Last Checked: Oct 27 at 9:06AM
MLS# 1426996
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,914-square-foot mixed-use building in Cumberland contains two commercial units on the first floor and two apartments on the second. The 1960-built structure has brick and frame construction, a fire alarm, and ceiling heights of 7 to 9 feet. Heating and cooling are provided by ductless systems in two units; the other two have electric baseboard heat and window air conditioners. Each unit has a separate electrical meter, in addition to a house meter. The owner pays for hot water, water, and sewer. The roof was replaced in August 2026.
The property occupies a 0.24-acre site on Diamond Hill Road and is zoned C-1. Parking accommodates 8 to 10 vehicles. A sign on the site generates additional income from a neighboring assisted living facility.
The property occupies a 0.24-acre site on Diamond Hill Road and is zoned C-1. Parking accommodates 8 to 10 vehicles. A sign on the site generates additional income from a neighboring assisted living facility.
Key Highlights
- Four‑unit layout with two commercial spaces and two apartments
- 2,914‑square‑foot building on a 0.24‑acre site
- C‑1 zoning and parking for 8 to 10 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,507
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,140
$770.1K
Cap Rate 7%
$550,100
$550.1K
Cap Rate 9%
$427,856
$427.9K
Market Conditions
NOI Build-Up for 2,914 SF
Gross rent
$74.5K $25.56/SF
− Vacancy
−$4.5K −$1.53/SF
EGI
$70.0K $24.03/SF
− OpEx
−$31.5K −$10.81/SF
NOI
$38.5K $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 Rate 5%
$770,140
Cap Rate 7%
$550,100
Cap Rate 9%
$427,856
Alternative Uses
Best Use
Apartment 5plus
$550.1K
$481.3K – $641.8K
NOI $38,507 @ 7.0% cap · market cap 5.93%
Second Best
Mixed Use
$491.7K
$430.3K – $573.7K
NOI $34,422 @ 7.0% cap · market cap 5.30%
Theoretical Best
Multifamily LT 5
$693.1K
$606.5K – $808.7K
NOI $48,519 @ 7.0% cap · market cap 7.48%
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
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Shell
Shops & Services
17,253 visits/mo
0.2 miles
Dunkin' Donuts
Dining
15,256 visits/mo
0.3 miles
Seasons Corner Market
Shops & Services
6,536 visits/mo
0.2 miles
Bank of America
Shops & Services
4,402 visits/mo
0.3 miles
Sunoco
Shops & Services
4,330 visits/mo
0.2 miles
Demographics for 02864, RI
36,376
Population
14,735
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
26.5 sq mi
ZIP Area
1,373
Density / Sq Mi
$118,737
Median Household Income
$62,041
Median Earnings
$1,251
Median Rent
$394,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces occupy the ground floor, with a pair of apartments above and individual electrical meters for each unit.
Where is this mixed-use property located?
The property is located at 2200 Diamond Hill Road Cumberland, 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: Four‑unit layout with two commercial spaces and two apartments; 2,914‑square‑foot building on a 0.24‑acre site; C‑1 zoning and parking for 8 to 10 vehicles
