Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    603 Clinton St Woonsocket, RI 02895

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $375,000

    0.92-acre commercial land parcel in a high-traffic location.

    Lot size:
    0.92 Acres

    Property Features for 603 Clinton St

    General Information

    Standard status
    Contract
    Lot size
    0.92 Acres

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Gregory Smith
    Gregory Smith
    Source: Corcoran

    Listing Agency: BOUCHER REAL ESTATE Listing Agent: Gregory Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Developable Land in High-Traffic Area

    This developable 0.92-acre parcel of land is located on Clinton Street and is zoned C1. Situated in a high-traffic area, the lot features 165 feet of frontage on Clinton Street and includes one curb cut. The lot has a depth of over 280 feet. A Walgreens is located across the street, and the property is adjacent to a small retail plaza that includes retail spaces, a restaurant, and a Citizen's Bank branch.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.503383
    Latitude
    42.007776

    Nearby Similar for Sale

    • $695,000
      3,248 SF

      Turnkey Automotive Business Opportunity

      Profitable auto body and used car sales business for sale.
      620 Pond St, Woonsocket, RI 02895
      View Details
    • New
      $584,900
      11,222 SF

      Woonsocket Commercial Property For Sale

      Commercial property with potential for various uses and businesses.
      72 Parker St, Woonsocket, RI 02895
      View Details
    • New
      $500,000
      0.22 Acres

      Updated Restaurant with Drive-Through

      Immaculate restaurant with drive-through, patio, and full basement.
      426 Cass Ave, Woonsocket, RI 02895
      View Details
    • $555,000
      0.30 Acres

      Spacious Retail Property in Woonsocket

      4,500 SF retail property with modern amenities and ample parking.
      58 Hamlet Ave, Woonsocket, RI 02895
      View Details
    • New
      Contact for pricing
      1,200 SF

      Woonsocket Restaurant Space For Sale

      Commercial restaurant space with recent updates in downtown Woonsocket.
      57 N Main St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      Pending

      Woonsocket Commercial Space For Sale

      2541 SF commercial space in Woonsocket, Rhode Island.
      1296 Park Dr E, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      8,750 SF

      Signalized Corner Retail Opportunity

      Prime corner location with high visibility and flexible space.
      1081 2Nd Ave, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      Pending

      Woonsocket Commercial Space For Sale

      Versatile 2,400 SF commercial space in downtown Woonsocket.
      285 Main St, Woonsocket, RI 02895
      View Details
    • $395,000
      Pending

      Woonsocket Manufacturing Building For Sale

      41800 sq.ft. manufacturing building in Woonsocket, Rhode Island.
      93 Hazel St, Woonsocket, RI 02895
      View Details
    • New
      Contact for pricing
      0.23 Acres

      Retail Space on Busy Street

      Retail space with parking and high visibility on busy street.
      413 Cumberland Hill Rd, Woonsocket, RI 02864
      View Details
    • $299,000
      0.11 Acres

      Woonsocket Commercial Opportunity For Sale

      Commercial property with garage stalls, office space, and ample lot.
      250 Manville Rd, Woonsocket, RI 02895
      View Details
    • New
      $625,000
      0.51 Acres

      Woonsocket Two-Family Home with Garage

      Two-family home with a five-car garage in convenient location.
      107 Blackstone St, Woonsocket, RI 02895
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.92-acre commercial land parcel in a high-traffic location.
    Where is this commercial land located?
    The property is located at 603 Clinton St Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High-traffic location on Clinton Street offers excellent visibility.; - Zoned C1 for commercial development, presenting diverse opportunities.; - .92 acres of land with 165' frontage.
    (401) 766-2200
    Request Owner's contact information
    603 Clinton St Woonsocket, RI 02895
    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.
    603 Clinton St
    Woonsocket, RI 02895
    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
    603 Clinton St Woonsocket, RI 02895
    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

    We can help!
    Listing Contact
    Gregory Smith
    Gregory Smith
    (401) 766-2200 (401) 439-6964
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!