Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    830 Park East Dr Woonsocket, RI 02895
    Back to Search
    Property profile & analytics

    830 Park East Dr Woonsocket, RI 02895

    View on Map
    • Land
    • 4.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 830 Park East Dr

    Lot size
    4.25 lot acres
    Property type
    Land

    Description

    This exceptional 4.25-acre commercial land parcel is ideally situated within the prestigious Highland Corporate Park in Woonsocket, Rhode Island, at 830 Park East Drive, zip code 02895. Commanding a high-point location, the site offers stunning views across the park. Pre-existing plans and renderings illustrate a potential development encompassing up to 32,000 square feet of office space and 16,000 square feet of warehouse space, or a flexible combination thereof. Ample parking is accommodated with 90 spaces, including provisions for truck loading, access, and turning areas. The property is zoned I1 and benefits from the advantages of an Enterprise Zone designation. All utilities are readily available, including fiber optic connectivity and a dual-feed electric power loop. Strong park covenants contribute to enhanced real estate values within this sought-after location in Providence County. This prime location presents a unique opportunity for significant development potential. The asking price for this exceptional property is $399,000.

    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
    -71.4666
    Latitude
    42.0014

    Comparable in this City

    • Value Estimation by Request
      4,092 SF

      314 4Th Ave

      Land • 4,092 SF
      314 4Th Ave, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request

      471 Arnold St Arnold St

      Retail properties & Spaces
      471 Arnold St Arnold St, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request
      3,852 SF

      324 4Th Ave

      Land • 3,852 SF
      324 4Th Ave, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request

      292 Main St

      Land
      292 Main St, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request

      415 Arnold St Arnold St

      Individual retail properties
      415 Arnold St Arnold St, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request
      4,800 SF

      24 Birch Ave

      Land • 4,800 SF
      24 Birch Ave, Woonsocket, RI 02895
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      1983 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • $1,500,000

      Land For Sale

      Land available in Woonsocket, Rhode Island.
      413 Manville Rd, Woonsocket, RI 02895
      View Details
    • $199,999

      Land For Sale Woonsocket

      Land available in Woonsocket, Rhode Island.
      10 10Th Ave, Woonsocket, RI 02895
      View Details
    • $390,000

      Woonsocket Mixed-Use Commercial Land

      Prime RI location, high potential. $390,000.
      471 Arnold St, Woonsocket, RI 02895
      View Details
    • $300,000
      6,200 SF

      Woonsocket Office Building - Prime Location

      Historic Charm, High Traffic Area, 6200 sqft
      12 Court St, Woonsocket, RI 02895
      View Details
    • $389,900
      1,215 SF

      Woonsocket Commercial Building Investment

      Prime location, high potential, 1215 sq ft.
      471 Arnold St, Woonsocket, RI 02895
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

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

      Prime Land Lease Opportunity

      Land lease opportunity with high visibility and development potential.
      1265 Mendon Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      3,968 SF

      Retail Space in Regional Trade

      Retail space with excellent visibility and abundant parking.
      1416-1450 Park Ave, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      6,152 SF

      Retail Space Available Immediately

      Retail spaces available with signalized access and high traffic.
      1500 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • $4 SF/Yr
      100,499 SF

      Woonsocket Industrial Space For Lease

      Flexible industrial space with high ceilings and loading dock access.
      159 Singleton St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      3,189 SF

      Millrace District Commercial Spaces

      Commercial spaces for rent in the Millrace District.
      5 Island Pl, Woonsocket, RI 02895
      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.
    830 Park East Dr
    Woonsocket, RI 02895
    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
    830 Park East Dr, Woonsocket, RI, 02895
    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!