Auto Shop With Garage
New
For Sale
$269,900
250 Manville Road, Woonsocket, RI 02895
Commercial/Business,Commercial Sale, Woonsocket, RI
Property Size3,384 SF
Lot Size0.11 Acres
Price / SF$79.76
Days on Market3
Property Features for 250 Manville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU
Rooms
Basement
Parking
10
Interior features
Ceiling Height (15 to 17 Ft)
Basement
Partial
Lot features
Paved, Free Standing
Standard status
Active
Size
3,384 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2315
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Heat Pump
Amenities
new bathroom and vanity
office space
newly paved lot
Building Details
Year built
1940
Number of units
1
Building materials
Masonry
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Spectrum Real Estate Consultants Team
(401) 334-3334
Added: Aug 23
Last Checked: Aug 25 at 10:06AM
MLS# 1421356
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.
Investment Insights
Based on property information with market context.
This 3,384-square-foot masonry auto shop was built in 1940 and occupies a 0.11-acre lot. The building includes two large garage stalls, office space, a new bathroom and vanity, and a basement. Interior ceiling height is reported at 15 to 17 feet, providing substantial vertical clearance for service-oriented operations.
The property is zoned MU and features a newly paved lot. Building systems include forced-air heating, heat-pump cooling, and public sewer service. Located at 250 Manville Road in Woonsocket, the site offers a commercial setting for automotive and related business uses supported by its garage configuration, office area, and paved exterior.
The property is zoned MU and features a newly paved lot. Building systems include forced-air heating, heat-pump cooling, and public sewer service. Located at 250 Manville Road in Woonsocket, the site offers a commercial setting for automotive and related business uses supported by its garage configuration, office area, and paved exterior.
Key Highlights
- 3,384‑square‑foot masonry building on a 0.11‑acre lot
- Two large garage stalls for automotive service operations
- 15 to 17 feet of interior ceiling height
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
$17,659
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
6.54%
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%
$353,180
$353.2K
Cap Rate 7%
$252,271
$252.3K
Cap Rate 9%
$196,211
$196.2K
Market Conditions
NOI Build-Up for 3,384 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
$25.4K $7.50/SF
− Vacancy
−$152 −$0.05/SF
EGI
$25.2K $7.46/SF
− OpEx
−$7.6K −$2.24/SF
NOI
$17.7K $5.22/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
30.00%
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%
$353,180
Cap Rate 7%
$252,271
Cap Rate 9%
$196,211
Alternative Uses
Best Use
Retail
$545.8K
$477.6K – $636.7K
NOI $38,204 @ 7.0% cap · market cap 14.15%
Second Best
Industrial
$252.3K
$220.7K – $294.3K
NOI $17,659 @ 7.0% cap · market cap 6.54%
Theoretical Best
Multifamily LT 5
$804.9K
$704.3K – $939.1K
NOI $56,345 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Dunkin' Donuts
Dining
14,743 visits/mo
0.2 miles
Citizens Bank
Shops & Services
6,471 visits/mo
0.4 miles
Bank of America
Shops & Services
4,444 visits/mo
0.5 miles
Family Dollar
Shops & Services
2,800 visits/mo
0.5 miles
SUBWAY
Dining
2,365 visits/mo
0.5 miles
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- WM AUTO BODY — 840 Cumberland Hill Rd, Woonsocket, RI 02895
- Tasca Chevrolet Service Center — 114 Fortin Dr, Woonsocket, RI 02895
- Woonsocket Auto Salvage — 5 Madison Ave, Woonsocket, RI 02895
Frequently Asked Questions
What type of property is this?
Auto shop - Masonry commercial building with office space, a newly paved lot, and MU zoning in Woonsocket.
Where is this auto shop located?
The property is located at 250 Manville Road Woonsocket, RI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 3,384‑square‑foot masonry building on a 0.11‑acre lot; Two large garage stalls for automotive service operations; 15 to 17 feet of interior ceiling height
