Corner Storefront
For Sale
Contact for pricing
468 Smithfield Road #D, North Providence, RI 02904
Existing retail storefront configured for a kitchen cabinet business with a triple-net structure.
Property Size1,000 SF
Price / SF$0.03
Days on Market52
Property Features for 468 Smithfield Road #D
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
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 8:18AM
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 is currently occupied by a kitchen cabinet business and operates under a triple-net structure. The building was constructed in 2004 and occupies a corner position associated with Mineral Spring and Smithfield Ave.
The property is located at 468 Smithfield Road, #D, in North Providence, Rhode Island. Its existing storefront configuration provides a defined retail setting for continued commercial use.
The property is located at 468 Smithfield Road, #D, in North Providence, Rhode Island. Its existing storefront configuration provides a defined retail setting for continued commercial use.
Key Highlights
- Corner position at Mineral Spring and Smithfield Ave
- Currently configured as a kitchen cabinet storefront
- Triple‑net structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,290
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,800
$225.8K
Cap Rate 7%
$161,286
$161.3K
Cap Rate 9%
$125,444
$125.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.9K −$1.87/SF
EGI
$16.1K $16.13/SF
− OpEx
−$4.8K −$4.84/SF
NOI
$11.3K $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%
$225,800
Cap Rate 7%
$161,286
Cap Rate 9%
$125,444
Alternative Uses
Best Use
Retail
$161.3K
$141.1K – $188.2K
NOI $11,290 @ 7.0% cap · market cap 37,633.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 55,500.00%
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 - Existing retail storefront configured for a kitchen cabinet business with a triple-net structure.
Where is this storefront property located?
The property is located at 468 Smithfield Road #D North Providence, RI.
What are key features of this property?
This property features: Corner position at Mineral Spring and Smithfield Ave; Currently configured as a kitchen cabinet storefront; Triple‑net structure
