Versatile Commercial Space
363 Smithfield Ave, 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 Market337
Property Features for 363 Smithfield Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Marwa Nachar
(774) 365-0191
Source:
Exprealty
Added: Dec 12, 2025
Changed: Nov 10
Last Checked: Nov 12 at 1:54PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$15,896
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,920
$317.9K
Cap Rate 7%
$227,086
$227.1K
Cap Rate 9%
$176,622
$176.6K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$25.3K $18.00/SF
− Vacancy
−$2.6K −$1.87/SF
EGI
$22.7K $16.13/SF
− OpEx
−$6.8K −$4.84/SF
NOI
$15.9K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,920
Cap Rate 7%
$227,086
Cap Rate 9%
$176,622
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Dollar Tree
Shops & Services
20,931 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,383 visits/mo
0.1 miles
Papa John's Pizza
Dining
3,557 visits/mo
0.1 miles
SUBWAY
Dining
1,264 visits/mo
0.0 miles
Citizens Bank
Shops & Services
600 visits/mo
0.4 miles
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Providence County, RI
Properties on Market for Retail space in Providence County
Vacancy Rate% for Retail in Northeast region
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 Ave 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
