Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    368-398 Cottage St Pawtucket, RI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in Stop & Shop anchored neighborhood center.

    Type:RETAIL
    Property size:
    1,866 SF
    Lot size:
    14.64 Acres
    Added:
    Apr 30, 2024
    Days on Market:
    739
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features for 368-398 Cottage St

    General Information

    Standard status
    Active
    Size
    1,866 SF
    Lot size
    14.64 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 368-398 Cottage St Contact us

    We can help!

    Listing Contact
    William F. Greene

    Listing agent William F. Greene

    Listing office Hayes & Sherry

    Listing date Apr 30, 2024

    Source Moodyscre

    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 Hayes & Sherry

    HighLights

    • Stop & Shop anchored Neighborhood Retail Center
    • Endcap & Inline space available
    • Strong demographics
    • Cottage Street Plaza
    • Parking 4 cars /1,000 SF leased

    Overview

    Retail Space in Cottage Street Plaza

    Endcap and inline retail spaces are available for rent within the Cottage Street Plaza, a neighborhood retail center anchored by Stop & Shop. The property benefits from strong demographics and offers parking at a ratio of 4 cars per 1,000 square feet leased. The available spaces are located at 368-398 Cottage St, Pawtucket, RI.
    Location Intelligence

    Current Use by Public Records

    Stop & Shop Grocery & Convenience Store Gas Station - Stop ... Gas Station Western Union Bank Coinstar Kiosk - Bitcoin ... Currency Exchange Service Peapod by Stop ... Take-out & Catering

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3675
    Latitude
    41.8869

    Nearby Similar for Lease

    • $3,500/Mo

      Pawtucket Warehouse Space For Lease

      Versatile industrial space ideal for storage, distribution, or light manufacturing.
      170 Armistice Boulevard, Pawtucket, RI 02860
      View Details
    • $19 SF/Yr

      Pawtucket Office Building For Rent

      Versatile office building in active Darlington neighborhood, convenient access.
      480 Broadway, Pawtucket, RI 02860
      View Details
    • Contact for pricing

      Affordable Retail Space in Pawtucket

      Functional 640 SF retail space ideal for small business.
      626 Central Avenue #630, Pawtucket, RI 02860
      View Details
    • Contact for pricing

      Pawtucket Office Space For Rent

      Second floor office unit with ample parking available for rent.
      7 Dunnell Ln #3Rear, Pawtucket, RI 02860
      View Details
    • $1.00 SF/Yr

      Downtown Pawtucket Commercial Space

      Renovated commercial space in downtown Pawtucket, move-in ready.
      240 Main, Pawtucket, RI 02860
      View Details
    • $19 SF/Yr

      Versatile Commercial Building on Broadway

      Adaptable commercial building in Pawtucket, suitable for various professional uses.
      480 Broadway, Pawtucket, RI 02860
      View Details
    • $1.00 SF/Yr

      Downtown Pawtucket Commercial Space

      Renovated, versatile space suitable for various business concepts.
      244 Main, Pawtucket, RI 02860
      View Details
    • $1.00 SF/Yr

      Pawtucket Retail/Office Space Available

      Retail or office space for rent in Pawtucket, Rhode Island.
      244 Main Street, Pawtucket, RI 02860
      View Details
    • $1.00 SF/Yr

      Move-In Ready Commercial Space

      Renovated commercial space in downtown Pawtucket, suitable for various businesses.
      240 Main Street, Pawtucket, RI 02860
      View Details
    • $3,500/Mo

      Pawtucket Warehouse Space for Lease

      Versatile industrial space ideal for storage, distribution, or light manufacturing.
      170 Armistice, Pawtucket, RI 02860
      View Details
    • $5,000/Mo

      Spacious Office Building in Pawtucket

      Handicap-accessible office building with flexible layout and abundant parking.
      174 Armistice Boulevard, Pawtucket, RI 02860
      View Details
    • $1.00 SF/Yr

      Pawtucket Renovated Commercial Space

      Renovated commercial space ideal for studio or event hall.
      244 Main Street, Pawtucket, RI 02860
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail spaces available in Stop & Shop anchored neighborhood center.
    Where is this strip mall located?
    The property is located at 368-398 Cottage St Pawtucket, RI.
    What are key features of this property?
    This property features: Stop & Shop anchored Neighborhood Retail Center; Endcap & Inline space available; Strong demographics
    (401) 273-1980 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William F. Greene
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    368-398 Cottage St, Pawtucket, RI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!