Versatile Commercial Space
363 Smithfield Avenue Pawtucket, RI 02860
363 Smithfield Avenue, Pawtucket, RI, 02860
$389,900
For Sale
$389,900
1408 sq.ft. commercial space with additional basement.
Property Size1,408 SF
Price / SF$276.92
Days on Market222
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 Updated: Jul 10 at 1:18PM Checked: Jul 22 at 5:36AM
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coin Cloud Bitcoin ...
Shopping Center & Mall
Nation Cellnet
Electronics & Wireless Store
Razor Sharp Babershop
Hair Salon
Refundmax
Tax Preparation
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FAQs
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
