153 Messer Street, Providence, RI 02909
Mixed-use property featuring an apartment and a grocery store.
- Added:
- Aug 29, 2024
- Days on Market:
- 678
- Last Refresh:
- Jun 23 at 1:22 pm
Property Features for 153 Messer Street
General Information
- Standard status
- Active
- Size
- 2,586 SF
- Property subtype
- Mixed Use, Retail, Multifamily
Building Details
- Year Built
- 1920
Listing office C-21 Butterman & Kryston
Listing date Aug 29, 2024
Source Crexi
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 C-21 Butterman & Kryston
HighLights
- Mixed‑use property featuring both a residential apartment and commercial space.
- Operating grocery store included in the sale, complete with inventory.
- Enjoy a spacious three‑bedroom apartment on the second floor.
- Finished basement provides additional space.
- Convenient location offers easy access to the highway and school.
- Built in 1920.
Overview
Local 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 | $63.6k | $24.60 |
| − Vacancy | −$2.4k | −$0.93 |
| EGI | $61.2k | $23.67 |
| − OpEx | −$15.3k | −$5.92 |
| NOI | $45.9k | $17.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4356916
- Latitude
- 41.8112223
