Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1245 Chalkstone Ave Chalkstone Ave Providence, RI 02908
    Back to Search
    Property profile & analytics

    1245 Chalkstone Ave Chalkstone Ave, Providence, RI 02908

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1245 Chalkstone Ave Chalkstone Ave

    Year built
    1940
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional opportunity presents a 5,246 sq ft commercial property located at 1245 Chalkstone Avenue in Providence, Rhode Island, zip code 02908. The property, built in 1940, includes three commercial units within a single-story building situated on a sizable lot. The C-1 zoning allows for a variety of commercial uses. Currently operating as a well-established bakery with a loyal customer base and a rich history spanning over eight decades, this turnkey operation includes all equipment. The property boasts high visibility at a bustling intersection, offering excellent accessibility and ample off-street parking. The sale encompasses the land, building, established business, and all equipment, presenting a unique opportunity for investors and entrepreneurs seeking a seamless transition into a thriving commercial venture. This is a chance to own a piece of Providence history while capitalizing on a prime commercial location with significant potential. The property offers versatility for various business endeavors, making it an attractive investment in a vibrant community. The spacious lot provides ample parking for customers and employees, enhancing convenience and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.45
    Latitude
    41.8328

    Comparable in this City

    • Value Estimation by Request
      105,000 SF

      313-315 Iron Horse Way

      Restaurants
      313-315 Iron Horse Way, Providence, RI 02908
      View Details
    • Value Estimation by Request

      606 River St

      Land
      606 River St, Providence, RI 02908
      View Details
    • Value Estimation by Request

      1000 Smith St Smith St

      Amusement parks
      1000 Smith St Smith St, Providence, RI 02908
      View Details
    • Value Estimation by Request
      2,602 SF

      70 Ayrault St

      Distribution properties
      70 Ayrault St, Providence, RI 02908
      View Details
    • Value Estimation
      $1,085,000
      5,571 SF

      621 Chalkstone Ave

      SHOW ROOM, WAREHOUSE
      621 Chalkstone Ave, Providence, RI 02908
      View Details
    • Value Estimation
      $6,355,000
      61,945 SF

      275 Promenade St

      SHOW ROOM, WAREHOUSE
      275 Promenade St, Providence, RI 02908-5755
      View Details

    Similar Nearby for Sale

    • $499,900

      Providence Commercial Corner Lot

      High-visibility commercial lot on Smith Street, Providence.
      969 Smith St, Providence, RI 02908
      View Details
    • $775,000
      4,404 SF

      Mixed-Use Investment in Providence, RI

      Mixed-use property with commercial and residential units in Smith Hill.
      207 Douglas Ave, Providence, RI 02908
      View Details
    • $700,000

      Land Available for Expansion

      Land offered with adjacent multi-family property for expansion.
      231 River St, Providence, RI 02908
      View Details
    • Contact for pricing

      Turn-Key Market and Restaurant

      Established market and restaurant in Providence's Mount Pleasant neighborhood.
      273 Academy Ave, Providence, RI 02908
      View Details
    • $369,999

      Providence Land For Sale

      Land available in Providence, Rhode Island.
      380 Smith St, Providence, RI 02908
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,261 SF

      Providence Retail Space For Rent

      Retail space near Providence College with strong parking.
      395 Admiral St, Providence, RI 02908
      View Details
    • Contact for pricing
      1,422 SF

      Restaurant Space in Aldi Plaza

      1,422 SF restaurant space in high-traffic Providence shopping center.
      541 Smith St, Providence, RI 02908
      View Details
    • $17 SF/Yr

      Retail Space in Vibrant Plaza

      Corner retail space with parking in a vibrant plaza.
      1017 Smith St, Providence, RI 02908
      View Details
    • Contact for pricing

      Commercial Kitchens for Rent

      Private industrial kitchens for catering, food prep, and supply.
      65 Bath St, Providence, RI 02908
      View Details
    • Contact for pricing

      Retail Space in Vibrant Plaza

      1800 SF corner retail space with parking and visibility.
      1017 Smith St, Providence, RI 02908
      View Details
    • Contact for pricing

      Restored Mill Campus Office Center

      Mixed-use destination with commercial office and loft-style apartment living.
      275 Promenade St, Providence, RI 02908
      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.
    1245 Chalkstone Ave Chalkstone Ave
    Providence, RI 02908
    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

    Thank You for Inquiry
    1245 Chalkstone Ave Chalkstone Ave, Providence, RI, 02908
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!