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    40-82 Main St Burrillville, RI 02859
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    40-82 Main St Burrillville, RI 02859

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    • Mixed-use properties
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    Property Details for 40-82 Main St

    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 40-82 N Main Street in Pascoag, Rhode Island, presents a compelling investment opportunity. The 26,354 square foot building sits on a substantial 6.89-acre lot, offering ample space and potential. Constructed in 1984, this well-maintained property is currently 90% occupied, providing immediate and stable cash flow. A reputable bank serves as an anchor tenant, alongside a diverse mix of retail and office tenants. The property's strategic location in the commercial heart of Pascoag, RI, ensures high visibility and accessibility. Its Village Commercial zoning allows for a variety of uses. Further enhancing its appeal, the property includes 11 rear storage units and a detached garage, adding to its versatility and income potential. Conveniently situated just five minutes from the Massachusetts border, this property benefits from a strong regional market. The building is handicap accessible and offers extensive parking. The asking price for this prime investment opportunity is $2,000,000. This property represents a robust investment in a thriving community with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burrillville
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.7023
    Latitude
    41.9611

    Comparable in this City

    • Value Estimation by Request
      2,350 SF

      94 Pascoag Main St, Unit 96

      OFFICE/RESIDENTIAL (MIXED USE) • 2,350 SF
      94 Pascoag Main St, Pascoag, RI 02859-3100
      View Details
    • Value Estimation
      $1,025,000
      10,168 SF

      1 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,168 SF
      1 High St, Pascoag, RI 02859-2645
      View Details
    • Value Estimation by Request
      3,234 SF

      145 Pascoag Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,234 SF
      145 Pascoag Main St, Pascoag, RI 02859-3180
      View Details
    • Value Estimation by Request
      3,292 SF

      467 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,292 SF
      467 Main St, Pascoag, RI 02859-3519
      View Details
    • Value Estimation
      $585,000
      3.41 Acres

      1126 Main St, Unit 1134

      OFFICE/RESIDENTIAL (MIXED USE) • 3.41 Acres
      1126 Main St, Pascoag, RI 02859-3516
      View Details
    • Value Estimation by Request
      3,200 SF

      188 Pascoag Main St, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 3,200 SF
      188 Pascoag Main St, Pascoag, RI 02859-3152
      View Details

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    Burrillville, RI 02859
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    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
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