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    Versatile Commercial Building on Broadway Title is generated by Realmo AI

    480 Broadway, Pawtucket, RI 02860

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    For Lease
    $19 SF/Yr $3,033/Mo (calc)

    Adaptable commercial building in Pawtucket, suitable for various professional uses.

    Type:Commercial
    Property size:
    1,916 SF
    Added:
    Apr 21, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 21 at 8:48 pm

    Property Features for 480 Broadway

    General Information

    Standard status
    Active
    Size
    1,916 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    JOANNA RUIZ

    Listing agent JOANNA RUIZ

    Listing office BHHS PINNACLE REALTY

    Listing date Apr 21, 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 BHHS PINNACLE REALTY

    HighLights

    • Prime Visibility: Significant frontage on Broadway ensures your brand is seen by thousands of daily commuters.
    • Versatile Canvas: CG (General Commercial) zoning allows for a wide variety of industries beyond healthcare.
    • Convenient Access: Includes a private, wheelchair‑accessible parking lot, making visits effortless for clients and staff.
    • Turnkey Infrastructure: Benefit from existing plumbing and electrical configurations that provide a head start on renovations.
    • Adaptable Interior: Features a mix of private rooms and open administrative areas easily adaptable for various professional uses.
    • Strategic Location: Positioned in the active Darlington neighborhood with quick access to I‑95 and the Massachusetts border.

    Overview

    Located at 480 Broadway in Pawtucket, RI, this professional office building offers a versatile space suitable for various businesses. Previously a dental practice for decades, the building's layout and CG (General Commercial) zoning accommodate industries beyond healthcare. The interior features a mix of private rooms and open administrative areas, adaptable for professional services such as a law firm, accounting practice, or insurance agency. The space is also suitable for a creative studio, design firm, photography studio, or marketing agency due to ample natural light and distinct rooms. It can transition to specialized medical uses like physical therapy, veterinary services, or a holistic wellness center. Personal services such as a high-end salon, spa, or educational tutoring center are also potential uses. The property features significant frontage on Broadway, ensuring brand visibility. Existing plumbing and electrical configurations provide a head start on renovations. A private, wheelchair-accessible parking lot offers convenient access for clients and staff. Positioned in the active Darlington neighborhood, the location provides quick access to I-95 and the Massachusetts border. The property size is 1916 square feet.
    Location Intelligence

    Current Use by Public Records

    Family Dentist Dental Office Dr. Michele Gendron ... Dental Office Dr. Michael A. Wagner, ... Dental Office Florio Beth Dental Office Baril Marie Dental Office

    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.

    Similar Places Nearby

    • Veterinary Services of Pawtucket — 310 East Ave, Pawtucket, RI 02860

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.375422
    Latitude
    41.886698

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    FAQs

    What type of property is this?
    Medical Office Space - Adaptable commercial building in Pawtucket, suitable for various professional uses.
    Where is this medical office space located?
    The property is located at 480 Broadway Pawtucket, RI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime Visibility: Significant frontage on Broadway ensures your brand is seen by thousands of daily commuters.; Versatile Canvas: CG (General Commercial) zoning allows for a wide variety of industries beyond healthcare.; Convenient Access: Includes a private, wheelchair‑accessible parking lot, making visits effortless for clients and staff.
    (401) 331-3948
    We can help!
    Listing Contact
    JOANNA RUIZ
    Learn More
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    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.

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