466 Putnam Pike Unit 8 & 10 Smithfield, RI 02828
This exceptional commercial property, located at 466 Putnam Pike UNIT 8 & 10 in Smithfield, Rhode Island, offers two available units within a well-maintained strip center. Boasting a highly visible location on Putnam Pike with ample parking, this 72,310 square foot lot presents a fantastic investment opportunity. One unit, previously a medical facility, comprises approximately 2,500 square feet and features private bathrooms, a waiting area, reception area, and offices, ready for immediate occupancy as of July 1st. This versatile space is suitable for a wide range of commercial uses. The second unit, approximately 1,200 square feet, includes a reception area, four offices, a restroom, and space for a kitchen or break room. Built in 1982, this single-story building sits on a one-acre lot and is part of an established commercial center. Lease rates are $16-17 per square foot, plus NNN. The property's prime location and well-maintained condition make it an ideal investment for discerning buyers. This is a rare opportunity to acquire a versatile commercial property in a high-traffic area of Smithfield, RI. The property consists of one building with two available units.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.