Mixed-Use Property with Auto
6 Victoria Mount, Johnston, RI 02919
For Sale
New
$399,999
An active auto repair license transfers with the sale, alongside a studio apartment for supplemental rental use.
Property Size1,560 SF
Price / SF$256.41
Days on Market2
Property Features for 6 Victoria Mount
General Information
Standard status
Size
Property subtype
Automotive
Service Bays
Automotive Uses
Additional Details
Business Included
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Corner Lot
Ductless Cooling
Forced Air Heating
Gas Heating
Heat Pump Cooling
Building Details
Year Built
Listing Agency:
BHHS PINNACLE REALTY
(401) 331-3948
Listed By:
RHONDA SASA · License RI RES.0034418
(401) 241-7074
Source:
Corcoran
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 2:45PM
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
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Investment Insights
Based on property information with market context.
This 1,560-square-foot mixed-use property, built in 1955, combines a three-bay automotive service garage with an approximately 300-square-foot studio apartment. The property is described as a legal mixed-use use in an industrial zone, and an active auto repair license transfers with the sale.
The studio provides a residential component alongside the garage, with potential for supplemental rental income. The property is located at 6 Victoria Mount in Johnston, Rhode Island.
The studio provides a residential component alongside the garage, with potential for supplemental rental income. The property is located at 6 Victoria Mount in Johnston, Rhode Island.
Key Highlights
- Three‑bay automotive service garage
- Active auto repair license transfers with the sale
- Approximately 300‑square‑foot studio apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,428
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,560
$368.6K
Cap Rate 7%
$263,257
$263.3K
Cap Rate 9%
$204,756
$204.8K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$32.8K $21.00/SF
− Vacancy
−$3.3K −$2.10/SF
EGI
$29.5K $18.90/SF
− OpEx
−$11.1K −$7.09/SF
NOI
$18.4K $11.81/SF
Area
Providence County, RI
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,560
Cap Rate 7%
$263,257
Cap Rate 9%
$204,756
Alternative Uses
Best Use
Mixed Use
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 4.61%
Second Best
Retail
$251.6K
$220.2K – $293.5K
NOI $17,612 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$371.1K
$324.7K – $432.9K
NOI $25,975 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
7,570 visits/mo
0.3 miles
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Providence County, RI
Properties on Market for Mixed-use properties in Providence County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An active auto repair license transfers with the sale, alongside a studio apartment for supplemental rental use.
Where is this mixed-use property located?
The property is located at 6 Victoria Mount Johnston, RI.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Three‑bay automotive service garage; Active auto repair license transfers with the sale; Approximately 300‑square‑foot studio apartment
