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

    468 Smithfield Rd North Providence, RI 2904

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $31 SF/Yr

    Retail space available for lease, 1,068 square feet.

    Type:Commercial
    Property size:
    1,068 SF
    Added:
    Feb 5, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 11:36 pm

    Property Features for 468 Smithfield Rd

    General Information

    Standard status
    Active
    Size
    1,068 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Michael Alves
    Michael Alves

    Listing agent Michael Alves License #REC.0016995

    Listing office HomeSmart Professionals Real Estate

    Listing date Feb 5, 2026

    Source Corcoran

    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 HomeSmart Professionals Real Estate

    Overview

    Retail Space Available For Rent

    A 1,068 square foot retail space is available for rent. The space is designated as Unit 2 and is offered on a NNN lease basis. The NNN monthly rate is $1,095.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4634
    Latitude
    41.861

    Nearby Similar for Lease

    • Contact for pricing

      Prime North Providence Commercial Space

      Highly visible commercial space suitable for retail, office, or medical use.
      1531 Mineral Spring, North Providence, RI 02904
      View Details
    • Contact for pricing

      High-Traffic Commercial Space Available

      Versatile 1800 SF commercial space in North Providence.
      1410 Mineral Spring #1, North Providence, RI 02904
      View Details
    • Contact for pricing

      Mixed-Use Property with On-Site Residency

      Commercial space with living quarters in a high-traffic location.
      1441 Mineral Spring, North Providence, RI 02904
      View Details
    • Contact for pricing

      High-Traffic Commercial Space Available

      Versatile commercial space in a high-traffic location.
      1410 Mineral Spring #1A, North Providence, RI 02904
      View Details
    • Contact for pricing

      Shared Office Space in Providence

      Prime shared office space for lease in North Providence.
      1515 Smith #J, North Providence, RI 02911
      View Details
    • Contact for pricing

      High-Traffic Retail/Office Space Available

      Commercial space in high-traffic location with flexible layout.
      1410 Mineral Spring #4, North Providence, RI 02904
      View Details
    • $16/mo

      Modern Showroom/Office Space Available

      3,000 SF showroom/office space with modern interiors and ample parking.
      1401 Douglas Ave, North Providence, RI
      View Details
    • $20/mo

      North Providence Retail Space Available

      3,585 SF retail space with ample parking in North Providence.
      1883 Mineral Spring, North Providence, RI 02904
      View Details
    • Contact for pricing

      North Providence Commercial Space Available

      1050 SF commercial space suitable for office or retail.
      1361 MINERAL SPRING, North Providence, RI 02904
      View Details
    • $31/mo

      Retail Space in North Providence

      1,068 SF NNN retail space available for lease.
      468 Smithfield, North Providence, RI 02904
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Move-in ready industrial flex space in a convenient suburban location.
      19 HUMBERT #17R & 19R, North Providence, RI 02911
      View Details
    • Contact for pricing

      Mixed-Use Property For Lease

      Mixed-use property with development opportunity at signaled intersection.
      1127 Mineral Spring Ave, North Providence, RI
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease, 1,068 square feet.
    Where is this retail space located?
    The property is located at 468 Smithfield Rd North Providence, RI.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: 1,068 SF Retail Space; NNN Lease Structure; $1,095 NNN/mo
    (401) 921-5011
    We can help!
    Listing Contact
    Michael Alves
    Michael Alves
    Real Estate License ID: REC.0016995
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!