Mixed-Use Building with Two
For Sale
Contact for pricing
30 Bradford Street, Bristol, RI 02809
Restored downtown mixed-use building with versatile commercial space, two apartments, central air, and off-street parking for seven.
Property Size5,120 SF
Price / SF$312.30
Days on Market86
Property Features for 30 Bradford Street
General Information
Standard status
Active
Size
5,120 SF
Total Parking Spaces
7
Property subtype
Mixed Use, Land
Zoning
W
Net Operating Income
$75,845
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
RE/MAX River's Edge
(401) 835-8502
Listed By:
Tracey Mulvey · License #RI
Source:
Crexi
Added: May 30
Changed: Aug 16
Last Checked: Aug 3 at 3:04PM
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 RE/MAX River's Edge
Investment Insights
Based on property information with market context.
This restored mixed-use property at 30 Bradford Street includes two residential apartments and expansive commercial space arranged around a central lobby and hallway. The first level is welcomed by two storefront windows and leads to a large commercial unit with two additional rooms, three private offices, and a shared half bath. The second-floor apartment is bright and inviting, with five skylights, open-concept living, and a renovated kitchen featuring marble countertops and stainless steel appliances. It offers two spacious bedrooms, an office/laundry area, and a full bath.
The townhouse-style loft apartment provides flexible, two-level living with a private rear entrance and open layout supported by two skylights. It includes two bedrooms, including a primary suite with a private bath, plus an additional full bath with laundry. Central air conditioning serves the entire property, and off-street parking accommodates up to seven vehicles.
Set in the waterfront historic district of downtown Bristol, the building offers a highly visible storefront presence with convenient access to the area’s shops, dining, and attractions, including the bike path, marinas, Colt State Park, and the parade route for America’s Oldest 4th of July Celebration. The combination of professional office space and two distinct residential units supports a range of live-work or investor configurations while maintaining year-round comfort through central air.
The townhouse-style loft apartment provides flexible, two-level living with a private rear entrance and open layout supported by two skylights. It includes two bedrooms, including a primary suite with a private bath, plus an additional full bath with laundry. Central air conditioning serves the entire property, and off-street parking accommodates up to seven vehicles.
Set in the waterfront historic district of downtown Bristol, the building offers a highly visible storefront presence with convenient access to the area’s shops, dining, and attractions, including the bike path, marinas, Colt State Park, and the parade route for America’s Oldest 4th of July Celebration. The combination of professional office space and two distinct residential units supports a range of live-work or investor configurations while maintaining year-round comfort through central air.
Key Highlights
- Restored 1890 mixed‑use building in Bristol waterfront historic district with 2 residential apartments and expansive commercial space
- Commercial unit includes a main open space plus two additional rooms, three private offices, and a shared half bath
- Updated second‑floor apartment features open‑concept living, renovated kitchen with marble countertops and stainless steel appliances, 2 bedrooms, office/laundry space, and full bath
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
$87,610
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
5.48%
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%
$1,752,200
$1.8M
Cap Rate 7%
$1,251,571
$1.3M
Cap Rate 9%
$973,444
$973.4K
Market Conditions
NOI Build-Up for 5,120 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
$138.2K $27.00/SF
− Vacancy
−$21.4K −$4.19/SF
EGI
$116.8K $22.81/SF
− OpEx
−$29.2K −$5.70/SF
NOI
$87.6K $17.11/SF
Area
Bristol County, RI
Vacancy
15.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,752,200
Cap Rate 7%
$1,251,571
Cap Rate 9%
$973,444
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,610 @ 7.0% cap · market cap 5.48%
Second Best
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,457 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,904 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 02809, RI
22,493
Population
9,670
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,295
Density / Sq Mi
$96,005
Median Household Income
$41,266
Median Earnings
$1,352
Median Rent
$447,500
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 - Restored downtown mixed-use building with versatile commercial space, two apartments, central air, and off-street parking for seven.
Where is this mixed-use property located?
The property is located at 30 Bradford Street Bristol, RI.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Restored 1890 mixed‑use building in Bristol waterfront historic district with 2 residential apartments and expansive commercial space; Commercial unit includes a main open space plus two additional rooms, three private offices, and a shared half bath; Updated second‑floor apartment features open‑concept living, renovated kitchen with marble countertops and stainless steel appliances, 2 bedrooms, office/laundry space, and full bath
