10 Putnam Pike Johnston, RI 02919
Property profile & analytics
10 Putnam Pike Johnston, RI 02919
- Showrooms
- 5,920 SF
- 0.59 lot acres
Property ID
US76-0311433
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Showrooms
Property Details for 10 Putnam Pike
- Year built
- 1992
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.59 lot acres
- Property size
- 5,920 SF
- Zone code
- B2
- Property type
- Showrooms
- APN
- JOHN M:0038 L:157
- APU
- JOHNM0038L157
Description
This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a 5,920-square-foot Advance Auto Parts retail property located at 10 Putnam Pike, Johnston, Rhode Island (Providence MSA), ZIP code 02919. The property, built in 1992 and situated on a 0.59-acre lot, boasts 30 parking spaces and benefits from a highly visible location at a signalized intersection of Putnam Pike and George Waterman Road (combined 36,000 vehicles per day). Convenient access to Interstate 295 (70,000+ VPD) further enhances its accessibility. The current lease, with a corporate guarantee (S&P: BBB), runs through December 31, 2033, with three 5-year renewal options. The lease includes rental increases of 5% in March 2028 and 10% at the start of each option period, providing built-in inflation protection and NOI growth. Landlord responsibilities are limited to roof and structure (NNN lease). The property is zoned B2 - General Business and enjoys a strong retail environment with nearby national tenants including Walgreens, CVS, Dollar Tree, and fast-food chains. Its proximity to North Providence High School and Our Lady of Fatima Hospital contributes to high traffic volume. The 5-mile trade area encompasses over 275,000 residents and 149,000 employees, with a 3-mile radius average household income of $92,875. The asking price is $1,600,000, representing a 7.42% cap rate and a price per square foot of $270.27. The property currently enjoys 100% occupancy and a net operating income (NOI) of $118,800. The APN is JOHN M:0038 L:157.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,395,000
- 6.5%
- $1,290,000
- 7%
- $1,195,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,576,000
- AI Estimate
- $990,000
Market price range: $412k - $1.66MMarket price range: $322k - $994k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,015,000 Current use
- OFFICE BUILDING
- $1,270,000 Change: +25% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Johnston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4885
- Latitude
- 41.8592
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$27,178
$491,100
$499,700
$990,800
-
$0.00
$0.00
$0.00
