0 Putnam Pike Smithfield, RI 02814
This exceptional 63+ acre property, located at 0 Putnam Pike in Glocester, Rhode Island (zip code 02814), presents a unique investment opportunity. Currently zoned partially residential and partially business, an application is pending to reclassify the entire parcel to 100% business zoning, unlocking the potential for over 30 individual business lots. The property boasts a substantial 2,747,329 square foot lot size, ideal for large-scale development. A completed survey and preliminary engineering/subdivision plan are already in hand, streamlining the development process. The property is currently undergoing active development, with heavy machinery in use. For directional purposes, please use 2380 Putnam Pike, Glocester, RI 02814. This offering includes the possibility of partial owner financing for qualified buyers. Please note: Unauthorized entry onto the property is strictly prohibited. The property is listed at $1,590,000 and was built in 2024. This is a rare opportunity to acquire a significant land parcel with substantial development potential in a growing Rhode Island market.
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
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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.