Three-Unit Mixed-Use
86 Mapleville Main Street Burrillville, RI 02839
For Sale
Contact for pricing
Leased convenience store with two one-bedroom apartments above, offering diversified income in a single property.
Property Size3,008 SF
Price / SF$142.92
Days on Market60
Property Features for 86 Mapleville Main Street
General Information
- Standard status
- Active
- Size
- 3,008 SF
- Property subtype
- Mixed Use, Retail, Multifamily
Building Details
- Year Built
- 1981
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
The Stearns Mcgee Team · License #S32155
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 24 at 4:45PM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This three-unit mixed-use building includes a leased convenience store and two one-bedroom apartments located above the retail space. The property is described as being in good shape and designed for straightforward occupancy, with the convenience store currently under lease and the residential units supporting separate living arrangements.
The building is located at 86 Mapleville Main Street in Burrillville, Rhode Island. As a combined retail and residential asset, it presents a compact footprint that can appeal to investors and owner-operators looking for both retail and apartment tenancy under one ownership.
For tenants, the configuration supports a ready retail use with apartment living directly overhead, which can simplify management and scheduling. For buyers and investors, the key consideration is the presence of an in-place convenience store lease alongside two separate one-bedroom apartment units, providing multiple income streams within a single asset.
The building is located at 86 Mapleville Main Street in Burrillville, Rhode Island. As a combined retail and residential asset, it presents a compact footprint that can appeal to investors and owner-operators looking for both retail and apartment tenancy under one ownership.
For tenants, the configuration supports a ready retail use with apartment living directly overhead, which can simplify management and scheduling. For buyers and investors, the key consideration is the presence of an in-place convenience store lease alongside two separate one-bedroom apartment units, providing multiple income streams within a single asset.
Key Highlights
- 3‑unit building (built 1981) with a leased convenience store and two one‑bedroom apartments above
- Income diversified between retail from the leased convenience store and residential from the two 1‑bedroom units
- Leased convenience store on the property with two above apartments
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $18.00 |
| − Vacancy | −$5.6k | −$1.85 |
| EGI | $48.6k | $16.15 |
| − OpEx | −$12.1k | −$4.04 |
| NOI | $36.4k | $12.11 |
3,008 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$715.5K
$626.1K – $834.8K
NOI $50,085 @ 7.0% cap · market cap 11.65%
Second Best
Apartment 5plus
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 9.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
FAQs
What type of property is this?
Mixed-use property - Leased convenience store with two one-bedroom apartments above, offering diversified income in a single property.
Where is this mixed-use property located?
The property is located at 86 Mapleville Main Street Burrillville, RI.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 3‑unit building (built 1981) with a leased convenience store and two one‑bedroom apartments above; Income diversified between retail from the leased convenience store and residential from the two 1‑bedroom units; Leased convenience store on the property with two above apartments
