Six-Unit Brick Strip
For Sale
$999,900
570 Smithfield #6, Pawtucket, RI 02860
Six commercial suites with storefront windows, multiple operating tenants, and restaurant-ready space.
Property Size7,380 SF
Price / SF$135.49
Days on Market50
Property Features for 570 Smithfield #6
General Information
Standard status
Active
Size
7,380 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,415
Amenities
Central air
Central Air Cooling
Forced Air Heating
Building Details
Year Built
1925
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
COLDWELL BANKER REALTY
(401) 333-0010
Listed By:
BEATRIZ GIRON
(401) 263-2840
Source:
Corcoran
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 8:41AM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This six-unit strip mall in a brick building dates to 1925 and includes large storefront windows suited to customer-facing commercial uses. Four suites are occupied by businesses, while two spaces are available for new occupancy. One available suite was formerly a full-service restaurant and retains kitchen facilities and a dining area. The other vacant space can accommodate a café, bakery, or similar operation.
The property is located near a train station with access to Routes 95 and 146. Its address is 570 Smithfield #6 in Pawtucket, Rhode Island. The existing mix of occupied and available suites supports a range of retail, food-service, and other storefront uses, subject to applicable requirements.
The property is located near a train station with access to Routes 95 and 146. Its address is 570 Smithfield #6 in Pawtucket, Rhode Island. The existing mix of occupied and available suites supports a range of retail, food-service, and other storefront uses, subject to applicable requirements.
Key Highlights
- Six‑unit commercial building constructed in 1925
- Four of six commercial spaces are occupied
- Two available suites, including a former full‑service restaurant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,317
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,340
$1.7M
Cap Rate 7%
$1,190,243
$1.2M
Cap Rate 9%
$925,744
$925.7K
Market Conditions
NOI Build-Up for 7,380 SF
Gross rent
$132.8K $18.00/SF
− Vacancy
−$13.8K −$1.87/SF
EGI
$119.0K $16.13/SF
− OpEx
−$35.7K −$4.84/SF
NOI
$83.3K $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%
$1,666,340
Cap Rate 7%
$1,190,243
Cap Rate 9%
$925,744
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,317 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $122,881 @ 7.0% cap · market cap 12.29%
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Cumberland Farms
Shops & Services
14,383 visits/mo
0.2 miles
Family Dollar
Shops & Services
8,416 visits/mo
0.1 miles
SUBWAY
Dining
1,264 visits/mo
0.5 miles
Citizens Bank
Shops & Services
600 visits/mo
0.1 miles
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
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?
Strip mall - Six commercial suites with storefront windows, multiple operating tenants, and restaurant-ready space.
Where is this strip mall located?
The property is located at 570 Smithfield #6 Pawtucket, RI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Six‑unit commercial building constructed in 1925; Four of six commercial spaces are occupied; Two available suites, including a former full‑service restaurant space
