Adaptable Retail
For Sale
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468 Smithfield Road #B, North Providence, RI 02904
Commercial space that can be configured for office or retail use.
Property Size1,068 SF
Price / SF$0.03
Days on Market52
Property Features for 468 Smithfield Road #B
General Information
Standard status
Active
Size
1,068 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
Reliable Realty Group LLC
(401) 723-3300
Listed By:
Monalisa Aguiar · License #REC.0016916
(401) 413-8581
Source:
Lockandkeyre
Added: Sep 8
Changed: Oct 29
Last Checked: Oct 28 at 8:01AM
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 Reliable Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property at 468 Smithfield Road #B offers 1,068 of property size and was built in 2004. The space can be configured for office or retail use, providing flexibility for a business seeking a commercial setting.
The property is located in North Providence, RI 02904.
The property is located in North Providence, RI 02904.
Key Highlights
- 1,068 property size
- Built in 2004
- Located at 468 Smithfield Road #B, North Providence, RI 02904
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,057
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,140
$241.1K
Cap Rate 7%
$172,243
$172.2K
Cap Rate 9%
$133,967
$134.0K
Market Conditions
NOI Build-Up for 1,068 SF
Gross rent
$19.2K $18.00/SF
− Vacancy
−$2.0K −$1.87/SF
EGI
$17.2K $16.13/SF
− OpEx
−$5.2K −$4.84/SF
NOI
$12.1K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,140
Cap Rate 7%
$172,243
Cap Rate 9%
$133,967
Alternative Uses
Best Use
Retail
$172.2K
$150.7K – $201.0K
NOI $12,057 @ 7.0% cap · market cap 43,060.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$254.0K
$222.3K – $296.4K
NOI $17,783 @ 7.0% cap · market cap 63,510.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 34%
Home Improvements & Furnishings 31%
Lowe's
Home Improvements & Furnishings
25,386 visits/mo
0.5 miles
McDonald's
Dining
21,001 visits/mo
0.3 miles
Citizens Bank
Shops & Services
9,352 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,218 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
8,136 visits/mo
0.3 miles
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space that can be configured for office or retail use.
Where is this storefront property located?
The property is located at 468 Smithfield Road #B North Providence, RI.
What are key features of this property?
This property features: 1,068 property size; Built in 2004; Located at 468 Smithfield Road #B, North Providence, RI 02904
