Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    371 Putnam Pike Smithfield, RI 02917

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces ranging from 1,200 to 6,000 SqFt available.

    Property Features for 371 Putnam Pike

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jessica Mancuso
    Source: Crexi

    Listing Agency: WS Development Listing Agent: Jessica Mancuso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Spaces Available For Rent

    This commercial property offers retail spaces for rent, with seven spaces currently available. The spaces range in size from 1,200 square feet to 6,000 square feet. The property is located at 371 Putnam Pike, Smithfield, RI 02917.
    Location Intelligence

    Current Use by Public Records

    Kay Jewelers (Bike/Boat/Book/etc) Store Cardtronics ATM Atm CYCLEBAR Cycling Facility ChargePoint Charging Station Electric Vehicle Charging Station LOFT Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5189902
    Latitude
    41.8771985

    Nearby Similar for Lease

    • $16 SF/Yr
      3,309 SF

      Smithfield Retail/Restaurant Opportunity

      High-visibility space suitable for restaurant, retail, or professional use.
      1114 Douglas Pike, Smithfield, RI 02917
      View Details
    • Contact for pricing
      6,100 SF

      Smithfield Flex Space Available

      Multi-tenant flex building with office and warehouse space.
      25 Thurber Blvd, Smithfield, RI 02917
      View Details
    • Contact for pricing
      4,147 SF

      First-Class Office Building in Smithfield

      2-story office building with ample parking and highway access.
      37 Thurber Blvd, Smithfield, RI 02917
      View Details
    • Contact for pricing
      3,915 SF

      Turnkey Restaurant Space on Putnam Pike

      Fully equipped 3,915 SF restaurant space in Smithfield, Rhode Island.
      566 Putnam Pike, Smithfield, RI 02828
      View Details
    • Contact for pricing
      2,217 SF

      Retail Space in Smithfield Commons

      Retail space available in Smithfield Commons shopping center.
      400 Putnam Pike, Smithfield, RI 02917
      View Details
    • Contact for pricing

      Smithfield Commons Retail Space Available

      Last retail space available in Smithfield Commons.
      400 Putnam Pike, Smithfield, RI 02917
      View Details
    • Contact for pricing
      13,500 SF

      Retail Space on Route 7

      Retail space available on Route 7 near corporate campuses.
      970 Douglas Pike, Smithfield, RI 02917
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces ranging from 1,200 to 6,000 SqFt available.
    Where is this retail space located?
    The property is located at 371 Putnam Pike Smithfield, RI.
    What are key features of this property?
    This property features: - Retail spaces available in this commercial property; - Multiple spaces available (7); - Size range from 1,200 SqFt to 6,000 SqFt
    Request Owner's contact information
    371 Putnam Pike Smithfield, RI 02917
    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.
    371 Putnam Pike
    Smithfield, RI 02917
    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
    371 Putnam Pike Smithfield, RI 02917
    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

    We can help!
    Listing Contact
    Jessica Mancuso
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!