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    1025 Cass Ave Woonsocket, RI 02895
    Property profile & analytics

    1025 Cass Ave, Woonsocket, RI 02895

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    • Lifestyle centers
    Off-Market
    Property ID
    US76-0165746
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mike Lombardi Injury Attorneys / Law Firm

    Property Details for 1025 Cass Ave

    Year built
    1910
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1-unit commercial property, located at 1025 Cass Avenue in Woonsocket, Rhode Island, presents a unique investment opportunity. Built in 1910, this single-story, 1-building property offers a blend of traditional office and storefront space, ideal for a variety of businesses. The property boasts a convenient location, offering excellent street exposure on a popular main street, with easy access to Route 146 and the Massachusetts border. Ample parking is available for customers, a significant advantage for retail operations. The interior features a private bathroom, adding to the convenience and privacy of the space. The asking price is $575,000, representing a very reasonable investment for a property of this caliber and location. The property's size is not specified, but its single-unit nature and suitability for small businesses suggest a manageable and efficient layout. This is an excellent opportunity for a small business seeking to establish or expand its presence in a thriving Rhode Island community. The property's versatility, prime location, and reasonable price make it an attractive option for discerning investors and business owners alike. The property is zoned for Traditional Office, Storefront, and Shopping Center uses, among others.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4805266
    Latitude
    42.003951

    Comparable in this City

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    Similar Nearby for Sale

    • $555,000
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      Spacious Retail Property in Woonsocket

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      58 Hamlet Ave, Woonsocket, RI 02895
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    • $600,000
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      Woonsocket Mixed-Use Corner Property

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      Downtown Retail Space on Main

      Highly visible retail space in historic downtown Woonsocket.
      106 Main St, Woonsocket, RI 02895
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      19,154 SF

      Woonsocket Commercial Property with Warehouses

      2.27-acre property with storefront, warehouses, canopy, and parking.
      830 Cumberland Hill Rd, Woonsocket, RI 02895
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      Woonsocket Commercial Corner Location

      Prominent corner location with high visibility and flexible space.
      1081 Social St, Woonsocket, RI 02895
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    • Contact for pricing

      Spacious Mixed-Use Property For Sale

      4,500 SF mixed-use property with modern amenities and ample parking.
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    Similar Nearby for Lease

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      6,152 SF

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      Dual-Frontage Corner Retail Space

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      Prominent Corner Retail Space Available

      High-visibility retail space with flexible layout options for lease.
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      1500 sq ft commercial space with drive-thru on Diamond Hill.
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      10,717 SF

      Downtown Woonsocket Office/Retail Space

      Office/retail space in downtown Woonsocket with ample parking.
      1 Social St, Woonsocket, RI 02895
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    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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