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    Vacant Commercial Storefront Building Title is generated by Realmo AI

    25 Pontiac Avenue, Providence, RI 02907

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    For Sale
    $650,000

    Vacant retail and office-ready building with flexible layout and visibility near major routes.

    Type:Commercial
    Property size:
    3,150 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $206/SF
    Added:
    Apr 29, 2026
    Days on Market:
    38
    Last Refresh:
    Jun 5 at 2:24 am

    Property Features for 25 Pontiac Avenue

    General Information

    Standard status
    Active
    Size
    3,150 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Marisela Vasquez

    Listing agent Marisela Vasquez License #0018925

    Listing office My Dream Home Realty

    Listing date Apr 29, 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 My Dream Home Realty

    HighLights

    • Vacant commercial building in Providence built in 1950
    • 3,150 SF building on a 0.14‑acre lot
    • Flexible interior space suited for retail, office, or service business use
    • Retail and office‑ready layout for owner‑user or investor

    Overview

    This vacant commercial building offers approximately 3,150 square feet within a 0.14-acre lot. The space is configured as a storefront-style property and is well-suited for a range of commercial uses, including retail, office, or service-oriented operations. Designed for flexibility, the building provides a turn-key opportunity for an owner-occupant or for a buyer looking to reposition the property for future tenants.

    The property is located at 25 Pontiac Avenue in Providence, Rhode Island. Public remarks note strong visibility and accessibility, with proximity to major routes. It sits along a busy corridor surrounded by other established businesses, supporting a practical, customer-facing setting.

    From an operational standpoint, the flexible interior accommodates different commercial concepts without limiting the buyer to a single use. As a vacant asset, it also offers straightforward transition time for an owner-user planning renovations or for an investor seeking a building that can be adapted to multiple potential tenant requirements in a retail/service environment.

    Local Financial Insights For Office B

    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 $85.1k $27.00
    − Vacancy −$13.2k −$4.19
    EGI $71.9k $22.81
    − OpEx −$18.0k −$5.70
    NOI $53.9k $17.11
    3,150 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $770.0K
    $673.8K – $898.3K (±1% cap)
    NOI $53,900 @ 7.0% cap · market cap 8.29%
    Second Best
    Retail
    $669.9K
    $586.2K – $781.6K (±1% cap)
    NOI $46,895 @ 7.0% cap · market cap 7.21%
    Theoretical Best
    Office A
    $1.05M
    $922.1K – $1.23M (±1% cap)
    NOI $73,769 @ 7.0% cap · market cap 11.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stop & Shop Florist — 200 Garfield Ave, Cranston, RI 02920
    • Enchanted Florist — PARK AVE PROFESSIONAL BUILDING, 1020 Park Ave STE 101, Cranston, RI 02910

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4312902
    Latitude
    41.7888774

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    FAQs

    What type of property is this?
    Storefront property - Vacant retail and office-ready building with flexible layout and visibility near major routes.
    Where is this storefront property located?
    The property is located at 25 Pontiac Avenue Providence, RI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Vacant commercial building in Providence built in 1950; 3,150 SF building on a 0.14‑acre lot; Flexible interior space suited for retail, office, or service business use
    (401) 499-6945
    We can help!
    Listing Contact
    Marisela Vasquez
    Real Estate License ID: 0018925
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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