Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    333 School St Pawtucket, RI 02860

    • Office Properties & Spaces
    • 120 SF
    For Sale
    View listing
    $59,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0180307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • School Street Dermatology / Dermatologist
    • The medical building / Medical Center
    • Dermatology Care Center / Medical Center
    • Nardone Medical Associates / Medical Clinic / Internist
    • Blackstone Valley Med Building Inc / Physical Therapist / Professional Services

    Property Details for 333 School St

    Year built
    1970
    Property size
    120 SF
    Zone code
    RM
    Property type
    Office Properties & Spaces
    APN
    PAWT M:71 L:0401
    APU
    PAWTM71L0401

    Description

    This exceptional 2,336-square-foot medical office space is located at 333 School Street, Unit 112B, in Pawtucket, Rhode Island, zip code 02860. Situated within a larger, well-established medical office building, this single-tenant space offers a convenient and professional environment. The building itself boasts a total of 44,909 square feet, spread across three stories, and was constructed in 1975, undergoing a complete renovation in 2022. The property sits on a 2.98-acre lot and is classified as Class C. The unit features a 9-foot ceiling height and benefits from ample parking with 175 spaces available. The lease is a triple net (NNN) lease with a rate of $15 per square foot. Common area maintenance (CAM) charges are $16.35 per square foot and encompass electricity, heat, water, and hot water. This property is ideally located within the Northern Rhode Island submarket cluster, offering easy access to major roadways and a thriving medical community. The building is fully occupied, indicating strong demand in the area. This presents a rare opportunity to acquire a fully renovated, well-located medical office space in a desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3807
    Latitude
    41.8718
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $489
    $0.00
    $16,500
    $16,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $55,000
      801 SF

      333 School St Ste, Unit 209

      CONDOMINIUM OFFICES • 801 SF
      333 School St Ste, Pawtucket, RI 02860-5336
      View Details
    • Value Estimation
      $65,000
      2,559 SF

      333 School St Ste, Unit 213

      CONDOMINIUM OFFICES • 2,559 SF
      333 School St Ste, Pawtucket, RI 02860-5336
      View Details
    • Value Estimation
      $305,000
      3,986 SF

      333 School St Ste 112a

      CONDOMINIUM OFFICES • 3,986 SF
      333 School St Ste 112a, Pawtucket, RI 02860-5336
      View Details
    • Value Estimation
      $260,000
      681 SF

      333 School St Ste 206b

      CONDOMINIUM OFFICES • 681 SF
      333 School St Ste 206b, Pawtucket, RI 02860-5336
      View Details
    • Value Estimation
      $280,000
      1,690 SF

      333 School St, Unit 1

      CONDOMINIUM OFFICES • 1,690 SF
      333 School St, Pawtucket, RI 02860-5334
      View Details
    • Value Estimation
      $475,000
      17,859 SF

      161 Exchange St Ste, Unit 2

      CONDOMINIUM OFFICES • 17,859 SF
      161 Exchange St Ste, Pawtucket, RI 02860-2276
      View Details

    Similar Nearby for Sale

    • $499,900
      4,386 SF

      Pawtucket Commercial Building Investment

      High-traffic location, versatile space, $499,900
      457 Smithfield Ave, Pawtucket, RI 02860
      View Details
    • $2,100,000

      Pawtucket, RI Multi-Use Property

      Historic Church & Office Complex, 1.28 Acres
      30 Walcott St Walcott St, Pawtucket, RI 02860
      View Details
    • $795,000

      Pawtucket Commercial Gem

      Historic building, versatile space, prime location.
      92 Pleasant St, Pawtucket, RI 02860
      View Details
    • Contact for pricing
      55,000 SF

      Pawtucket Times Building: Redevelopment Gem

      55,000 SF Flex Space, Opportunity Zone
      23 Exchange St, Pawtucket, RI 02860
      View Details
    • $325,000
      1,500 SF

      Pawtucket Commercial Condo Unit

      Versatile 1,500 sq ft, New Construction
      579 Weeden St, Pawtucket, RI 02860
      View Details
    • $474,000

      Prime Pawtucket Commercial Property

      11,326 SF Lot, Office & Warehouse
      129 Warren Ave Warren Ave, Pawtucket, RI 02860
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      2,743 SF

      Creative Office Space for Rent

      Creative office space with high ceilings and natural light.
      161-163 Exchange St, Pawtucket, RI 02860
      View Details
    • $800 /Mo
      450 SF

      Pawtucket Office Space For Rent

      Second-floor office suite with hardwood floors and ample parking.
      372 Central Ave, Pawtucket, RI 02860
      View Details
    • $5 SF/Yr
      60,000 SF

      Pawtucket Industrial Space For Lease

      60,000 SF industrial space available in Pawtucket, Rhode Island.
      89 Dunnell Ln, Pawtucket, RI 02860
      View Details
    • Contact for pricing
      66,400 SF

      Pawtucket Industrial Space For Lease

      Manufacturing space, 2,000-15,800 sq ft available.
      301 Concord St, Pawtucket, RI 02860
      View Details
    • $6 SF/Yr
      46,400 SF

      Pawtucket Warehouse Space Available

      46,400 SF warehouse with loading docks and office space.
      60 Delta Dr, Pawtucket, RI 02860
      View Details
    • Contact for pricing

      Pawtucket Commercial Land for Rent

      Commercial land with strong location and good highway access.
      Walcott St, Pawtucket, RI 02860
      View Details
    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.
    333 School St
    Pawtucket, RI 02860
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.