Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Space for Lease Title is generated by Realmo AI

    60 New River, Lincoln, RI 02865

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr $150/Mo (calc)

    Adaptable commercial space suitable for various business needs.

    Type:Commercial
    Property size:
    1,800 SF
    Lot size:
    0.94 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    214
    Last Refresh:
    Apr 5 at 11:36 pm

    Property Features for 60 New River

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Lot size
    0.94 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    LISA GAGNON

    Listing agent LISA GAGNON

    Listing office STONE & VALE

    Listing date Oct 20, 2025

    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 STONE & VALE

    HighLights

    • Excellent location with convenient and easy access.
    • Versatile space suitable for a gym or storage.
    • Ample parking available.
    • Well‑maintained property.
    • Bathrooms can be customized.
    • Year Built: 1973.

    Overview

    This 1,800-square-foot commercial space is available for lease and offers convenient and easy access. The property is well-maintained and features ample parking. It is an excellent location for a small business, ideally suited for a one-on-one gym setup or tradesman's storage. The bathrooms can be customized to suit specific needs, making it a versatile option for a variety of ventures. The property is located in Lincoln, RI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michael Healy Designs Industrial Manufacturer Healy Plaques (Bike/Boat/Book/etc) Store Tribute Awards (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Pilates Point Studio — 3415 Mendon Rd, Cumberland, RI 02864
    • Fierce Academy RI MMA BJJ — 2 Main St, Manville, RI 02838

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4676
    Latitude
    41.9692

    Nearby Similar for Lease

    • $18 SF/Yr
      1,130 SF

      Lincoln Office Space For Rent

      Professional office space with private offices, utilities included.
      6 Blackstone Valley Place #205, Lincoln, RI 02865
      View Details
    • Contact for pricing
      127,336 SF

      Large Flex Space in Lincoln

      127,336 sq. ft. flex/office space for rent.
      1 Albion Road, Lincoln, RI, 02865
      View Details
    • $20 SF/Yr
      75,950 SF

      Lincoln Office Space For Rent

      Office space for rent in Lincoln, Rhode Island.
      25 Blackstone Valley Pl, Lincoln, RI 02865
      View Details
    • $15 SF/Yr
      2,531 SF

      Class A Office Space Available

      2,100 SF office suite available for lease.
      14 Breakneck Hill Rd, Lincoln, RI
      View Details
    • $18 SF/Yr
      27,552 SF

      Lincoln Office Space For Lease

      Office space for lease in Lincoln, Rhode Island.
      11 Blackstone Valley Place, Lincoln, RI, 02865
      View Details
    • $15 SF/Yr
      4,370 SF

      Modern Office Building Near Highway

      Class A office building with highway visibility and easy access.
      14 Breakneck Hill Rd, Lincoln, RI 02865
      View Details
    • $11 SF/Yr
      10,600 SF

      Flex Space with New Warehouse

      Flex space featuring office and newly constructed warehouse space.
      40 Albion Rd, Lincoln, RI
      View Details
    • $6 SF/Yr
      43,000 SF

      Distribution/Warehouse Space Available

      54,146 SF distribution/warehouse space with loading docks and office.
      100 Higginson Ave, Lincoln, RI
      View Details
    • Contact for pricing

      Retail Space in High-Volume Location

      Retail and office spaces available in a high-traffic suburban location.
      622 George Washington Hwy, Lincoln, RI 02865
      View Details
    • $14 SF/Yr
      5,220 SF

      Office/Flex Space For Lease

      5,200 SF office/flex space in Northern RI.
      676 George Washington Hwy, Lincoln, RI
      View Details
    • Contact for pricing
      2,879 SF

      Office Space in Commercial Park

      Office space available in a prominent commercial park location.
      6 Blackstone Valley Pl, Lincoln, RI
      View Details
    • Contact for pricing
      8,000 SF

      Lincoln Office Space For Rent

      8,000 SF office space with easy interstate access.
      8 Court Dr, Lincoln, RI
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - Adaptable commercial space suitable for various business needs.
    Where is this fitness center & gym located?
    The property is located at 60 New River Lincoln, RI.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Excellent location with convenient and easy access.; Versatile space suitable for a gym or storage.; Ample parking available.
    (401) 766-2244
    We can help!
    Listing Contact
    LISA GAGNON
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    60 New River, Lincoln, RI 02865
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!