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    Address Withheld Woonsocket, RI 02895
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    Address Withheld Woonsocket, RI 02895

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    Property Details for Address Withheld

    Property type
    Investment properties

    Description

    This is a turnkey opportunity to acquire an established cleaning business in Woonsocket, Rhode Island. Priced at $75,000, this business offers a pre-existing client list and active contracts, eliminating the need to build a customer base from scratch. The sale includes a comprehensive inventory of cleaning supplies and equipment, ensuring a smooth transition for the new owner. This is an ideal acquisition for an entrepreneur seeking an immediate revenue stream and established operational framework. There is no real estate involved in this sale

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5005
    Latitude
    42.0029

    Comparable in this City

    • Value Estimation
      $3,960,000
      45,648 SF

      99 Main St, Unit 117

      OFFICE/RESIDENTIAL (MIXED USE) • 45,648 SF
      99 Main St, Woonsocket, RI 02895-4312
      View Details
    • Value Estimation by Request
      1,165 SF

      57 Cato St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,165 SF
      57 Cato St, Woonsocket, RI 02895-3003
      View Details
    • Value Estimation by Request
      0.20 Acres

      124 Providence St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.20 Acres
      124 Providence St, Woonsocket, RI 02895-5140
      View Details
    • Value Estimation
      $750,000
      8,084 SF

      61 Railroad St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,084 SF
      61 Railroad St, Woonsocket, RI 02895-3080
      View Details
    • Value Estimation by Request
      0.35 Acres

      95 Rathbun St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.35 Acres
      95 Rathbun St, Woonsocket, RI 02895-2076
      View Details
    • Value Estimation
      $850,000
      0.18 Acres

      257 Manville Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.18 Acres
      257 Manville Rd, Woonsocket, RI 02895-5658
      View Details

    Similar Nearby for Sale

    • $299,000
      0.11 Acres

      Woonsocket Commercial Opportunity For Sale

      Commercial property with garage stalls, office space, and ample lot.
      250 Manville Rd, Woonsocket, RI 02895
      View Details
    • $450,000
      0.11 Acres

      Woonsocket Multifamily Property with Garage

      Two-unit property with detached three-car garage, offering income potential.
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    • $650,000
      0.16 Acres

      Woonsocket Multifamily Investment Opportunity

      Well-maintained four-unit multifamily property in Woonsocket's Bernon District.
      346 Carrington Ave, Woonsocket, RI 02895
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    • $450,000
      0.10 Acres

      Woonsocket Multi-Unit Renovation Opportunity

      Four-unit building in Woonsocket, RI, ready for renovation.
      36 Fairmount St, Woonsocket, RI 02895
      View Details
    • $375,000
      Pending

      Woonsocket Commercial Land For Sale

      0.92 acre commercial land parcel in high traffic area.
      603 Clinton St, Woonsocket, RI 02895
      View Details
    • $3,250,000
      31,124 SF

      Freestanding Multi-Use Building For Sale

      31,124 SF building suitable for office, retail, or medical use.
      356 Clinton St, Woonsocket, RI 02895
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 10,548 square feet.
      200 Social St, Woonsocket, RI 02895
      View Details
    • Contact for pricing

      Cornerstone Building: Retail & Office

      Professionally managed 10-story building with retail and office spaces.
      191 Social St, Woonsocket, RI 02895
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      1983 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      1,414 SF

      Former Coffee Shop with Drive-Thru

      Move-in ready space with drive-thru, ideal for restaurant or retail.
      711 Front St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      8,267 SF

      Millrace District Commercial Spaces

      Commercial spaces for rent in the Millrace District.
      68 South Main St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      5,049 SF

      Cornerstone Building: Retail and Office

      67,752 square foot commercial building with retail and office units.
      191 Social St, Woonsocket, RI 02895
      View Details
    Request Owner's contact information
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    Address Withheld
    Woonsocket, RI 02895
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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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