37 Mill Road, Foster, RI 02825
4.63 acres mixed-use property with existing building for sale.
- Added:
- Aug 21, 2025
- Days on Market:
- 307
- Last Refresh:
- Apr 25 at 6:32 am
Property Features for 37 Mill Road
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 4.63 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing agent Kenneth Scotti License #527749 (401) 255-2391
Listing office RE/MAX Properties (401) 255-2391
Listing date Aug 21, 2025
Source Liongatere
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 RE/MAX Properties
HighLights
- 4.63 acre site
- Mixed‑use (commercial/residential) property
- Existing 1800 sq ft masonry building
- As‑is condition
- Built in 1972
- Buyer to perform due diligence
Overview
Local Financial Insights For Mixed Use
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 | $37.8k | $21.00 |
| − Vacancy | −$3.8k | −$2.10 |
| EGI | $34.0k | $18.90 |
| − OpEx | −$12.8k | −$7.09 |
| NOI | $21.3k | $11.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Foster
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.7066853
- Latitude
- 41.7929355
