Mixed-Use Property with Two
For Sale
$1,599,000
Pending
30 Bradford Street, Bristol, RI 02809
Commercial Sale, Bristol, RI
Property Size5,724 SF
Lot Size0.15 Acres
Days on Market118
Property Features for 30 Bradford Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
W
Zoning description
Legal Conforming
Directions
Route 114 (From I-195 East in RI): Take Exit 2C (formerly Exit 7) for Route 114 South toward Barring
Standard status
Pending
APN
548691
Size
5,724 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9355
Building Details
Year built
1890
Listing Agency:
RE/MAX River's Edge · RE/MAX International
(401) 254-1776
Listed By:
Michelle Cartwright · License #224874
(401) 433-5100
Added: May 29
Changed: Sep 22
Last Checked: Sep 23 at 1:06AM
MLS# 73527011
Copyright © 2026 MLS Property Information Network 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 5,724-square-foot mixed-use property, built in 1890, combines commercial space with two residential apartments. The commercial component includes storefront windows, a lobby, central hallway, a large unit, two additional rooms, three private offices, and a shared half bath. The property also includes a second-floor apartment with open-concept living space, a renovated kitchen with marble countertops and stainless steel appliances, two bedrooms, office and laundry space, five skylights, and a full bath.
The townhouse-style loft apartment has a private rear entrance, open living space, two skylights, two bedrooms, a primary suite with private bath, an additional full bath, and laundry. The property encompasses 0.147 acres and is located at 30 Bradford Street in Bristol’s waterfront historic district of downtown Bristol. Zoning is W.
The townhouse-style loft apartment has a private rear entrance, open living space, two skylights, two bedrooms, a primary suite with private bath, an additional full bath, and laundry. The property encompasses 0.147 acres and is located at 30 Bradford Street in Bristol’s waterfront historic district of downtown Bristol. Zoning is W.
Key Highlights
- 5,724 square feet of mixed‑use space on 0.147 acres
- Two residential apartments, including a townhouse‑style loft unit
- Commercial space with storefront windows, three private offices, and two additional rooms
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
$97,945
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
6.13%
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%
$1,958,900
$2.0M
Cap Rate 7%
$1,399,214
$1.4M
Cap Rate 9%
$1,088,278
$1.1M
Market Conditions
NOI Build-Up for 5,724 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
$154.5K $27.00/SF
− Vacancy
−$24.0K −$4.19/SF
EGI
$130.6K $22.81/SF
− OpEx
−$32.6K −$5.70/SF
NOI
$97.9K $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%
$1,958,900
Cap Rate 7%
$1,399,214
Cap Rate 9%
$1,088,278
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,945 @ 7.0% cap · market cap 6.13%
Second Best
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,656 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.91M
$1.68M – $2.23M
NOI $134,049 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines two residential apartments with a commercial unit, private offices, and shared building access.
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: 5,724 square feet of mixed‑use space on 0.147 acres; Two residential apartments, including a townhouse‑style loft unit; Commercial space with storefront windows, three private offices, and two additional rooms
