Versatile Commercial Space
363 Smithfield Avenue Pawtucket, RI 02860
For Sale
$389,900
1408 sq.ft. commercial space with additional basement.
Property Size1,408 SF
Price / SF$276.92
Days on Market227
Property Features for 363 Smithfield Avenue
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
eXp Realty
(774) 365-0191
Listed By:
Marwa Nachar
(774) 365-0191
Source:
Liongatere
Added: Dec 12, 2025
Changed: Jul 10
Last Checked: Jul 25 at 3:06PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This commercial space is located in a high-visibility, high-traffic area. The first floor offers 1408 square feet of space, suitable for a range of commercial or retail uses. A private office is included. An additional 1408 square feet of usable basement space is available for storage or expansion. All measurements are approximate.
Key Highlights
- Prime location in a high‑visibility, high‑traffic area
- Versatile 1408 sq.ft. first floor commercial space
- Usable 1408 sq.ft. basement space for storage or expansion
Financial Insights For Retail
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 | $25.3k | $18.00 |
| − Vacancy | −$2.6k | −$1.87 |
| EGI | $22.7k | $16.13 |
| − OpEx | −$6.8k | −$4.84 |
| NOI | $15.9k | $11.29 |
1,408 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$227.1K
$198.7K – $264.9K
NOI $15,896 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$334.9K
$293.1K – $390.7K
NOI $23,444 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 1408 sq.ft. commercial space with additional basement.
Where is this retail space located?
The property is located at 363 Smithfield Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Prime location in a high‑visibility, high‑traffic area; Versatile 1408 sq.ft. first floor commercial space; Usable 1408 sq.ft. basement space for storage or expansion
