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    Putnam Pike Glocester, RI 02814

    • Commercial real estate
    • 63.07 lot acres
    For Sale
    View listing
    $1,590,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Putnam Pike

    Year built
    2024
    Lot size
    63.07 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 63.07-acre property in Glocester, Rhode Island, presents a significant commercial development opportunity. Currently zoned partially residential and partially business, a pending application seeks to reclassify the entire parcel for 100% business use, potentially yielding over 30 individual business-zoned lots. Detailed survey and preliminary engineering/subdivision plans are already completed and available for review. The property's versatility is further enhanced by its existing infrastructure, currently supporting heavy machinery operations. This suggests existing utilities and access points suitable for future development. The substantial acreage offers ample space for a variety of commercial ventures, from light industrial to retail, making it an attractive investment for developers and entrepreneurs alike. The seller is open to considering partial owner financing for qualified buyers, making this a particularly compelling opportunity. Please note that access to the property is restricted

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glocester
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5794
    Latitude
    41.8819

    Comparable in this City

    • Value Estimation by Request
      51.19 Acres

      121 Wentworth Ave

      COMMERCIAL (GENERAL) • 51.19 Acres
      121 Wentworth Ave, Chepachet, RI 02814
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    • Value Estimation by Request
      4,097 SF

      1042 Putnam Pike

      SHOW ROOM, WAREHOUSE • 4,097 SF
      1042 Putnam Pike, Chepachet, RI 02814-1465
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    • Value Estimation by Request
      16,711 SF

      1068 Putnam Pike

      SHOW ROOM, WAREHOUSE • 16,711 SF
      1068 Putnam Pike, Chepachet, RI 02814-1466
      View Details
    • Value Estimation
      $205,000
      2,672 SF

      988 Putnam Pike

      SHOW ROOM, WAREHOUSE • 2,672 SF
      988 Putnam Pike, Chepachet, RI 02814-1400
      View Details
    • Value Estimation
      $320,000
      5,950 SF

      1169 Putnam Pike

      SHOW ROOM, WAREHOUSE • 5,950 SF
      1169 Putnam Pike, Chepachet, RI 02814-1961
      View Details
    • Value Estimation
      $495,000
      4,980 SF

      389 Putnam Pike

      SHOW ROOM, WAREHOUSE • 4,980 SF
      389 Putnam Pike, Chepachet, RI 02814
      View Details

    Similar Nearby for Sale

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      Glocester Auto Shop Opportunity

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      Glocester, RI Raw Land

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      3.2 Acre Corner Lot

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    Putnam Pike
    Glocester, RI 02814
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    Realmo Value Estimation

    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.

    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.

    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
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