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    1414 Atwood Ave Johnston, RI 02919
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    Property profile & analytics

    1414 Atwood Ave Johnston, RI 02919

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    • Showrooms
    • 26,752 SF
    • 2.13 lot acres
    For Lease
    $3,020,000
    View Listing →
    Retail Space Near High-Traffic Intersection For Lease
    $3,020,000

    Retail Space Near High-Traffic Intersection

    Retail space available near Route 5 and Route 6A.

    1414 Atwood Avenue, Johnston, RI 2919
    View Listing
    Property ID
    US76-0314993
    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

    • Showrooms

    Property Details for 1414 Atwood Ave

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    2.13 lot acres
    Property size
    26,752 SF
    Zone code
    B2
    Property type
    Showrooms
    APN
    JOHN M:0044 L:366
    APU
    JOHNM0044L366

    Description

    Johnston Plaza, located at 1414 Atwood Avenue in Johnston, Rhode Island (zip code 02919), offers a significant retail investment opportunity. This multi-tenant commercial property boasts a total of 121,437 square feet, with a substantial 61,274 square feet currently vacant and available for lease. Spaces range from a minimum of 2,598 square feet to a maximum contiguous space of 54,855 square feet, providing flexibility for a variety of retail businesses. The property's strategic location along Atwood Avenue ensures high visibility and accessibility, with convenient access to major roadways including US Route 6, Route 6A, Route 5, and I-295. Ample parking is available for tenants and customers, with a total of 649 parking spaces. This property is situated in Providence County and presents a unique chance to establish or expand a retail presence in a high-traffic area. The scale of the available space allows for both smaller businesses seeking a foothold and larger enterprises looking for significant expansion opportunities. Interested parties are encouraged to inquire about lease terms and availability for the various space options. The property's size and location make it an ideal investment for those seeking a strong return in a thriving Rhode Island market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,385,000
      Market price range: $1.86M - $7.50M
      AI Estimate
      $2,126,000
      Market price range: $1.46M - $4.49M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,580,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4988
    Latitude
    41.8213
    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
    $58,377
    $541,400
    $1,586,800
    $2,128,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      Spruce St

      SHOW ROOM, WAREHOUSE • 0.19 Acres
      Spruce St, Johnston, RI 02919
      View Details
    • Value Estimation
      $4,975,000
      27,456 SF

      1539 Atwood Ave

      SHOW ROOM, WAREHOUSE • 27,456 SF
      1539 Atwood Ave, Johnston, RI 02919-3262
      View Details
    • Value Estimation
      $2,805,000
      23,200 SF

      1 Commerce Way

      SHOW ROOM, WAREHOUSE • 23,200 SF
      1 Commerce Way, Johnston, RI 02919-4650
      View Details
    • Value Estimation
      $550,000
      1,750 SF

      415 Central Ave

      SHOW ROOM, WAREHOUSE • 1,750 SF
      415 Central Ave, Johnston, RI 02919-4709
      View Details
    • Value Estimation
      $905,000
      6,848 SF

      10 Morgan Ml Rd

      SHOW ROOM, WAREHOUSE • 6,848 SF
      10 Morgan Ml Rd, Johnston, RI 02919-6321
      View Details
    • Value Estimation by Request
      5,840 SF

      1343 Hartford Ave

      SHOW ROOM, WAREHOUSE • 5,840 SF
      1343 Hartford Ave, Johnston, RI 02919-7145
      View Details

    Similar Nearby for Sale

    • $2,495,000
      1.76 Acres

      Johnston, RI Development Opportunity

      1.76-acre corner lot ideal for retail or office development.
      1835 Plainfield Pike, Johnston, RI 02919
      View Details
    • $2,495,000
      1.16 Acres

      Prime Johnston Commercial Corner Lot

      1.16-acre corner lot with high visibility and B-2 zoning.
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    • $1,250,000
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      Johnston Commercial Land - Route 6

      High-visibility, 2-acre commercial lot near I-295.
      2207 Hartford Ave, Johnston, RI 02919
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    • $2,495,000

      1.76 Acre Corner Lot

      1.76-acre corner lot ideal for retail or office development.
      1835 Plainfield Pike, Johnston, RI 02919
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    • $999,000
      19,166 SF

      Prime Location Interchange Business District

      Commercial property with many possibilities near Amazon distribution facility.
      2128 Hartford Ave, Johnston, RI 02919
      View Details
    • $289,000
      1,250 SF

      providing plenty of room for your business or storage needs. The 12 foot overhead doors grant easy access for loading and unloading

      while the generous 16 foot ceilings allow for maximum storage capacity. With gas heat
      2631 Hartford Ave, Johnston, RI 02919
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,150 SF

      Renovated Retail Space with Drive-Thru

      Newly renovated retail strip center with ample parking and visibility.
      1501 Atwood Ave, Johnston, RI 02919
      View Details
    • Contact for pricing
      2,520 SF

      Retail Space Near Federal Hill

      Retail space in a plaza with 19th-century-style mill buildings.
      85 Eagle St, Providence, RI 02919
      View Details
    • Contact for pricing
      6,400 SF

      Retail Pad Building For Rent

      6,400 SF retail building with frontage on Atwood Avenue.
      1463 Atwood Ave, Johnston, RI 02919
      View Details
    • Contact for pricing
      1,000 SF

      Retail Units in Johnston Center

      Three 1,000 SF retail units available for lease.
      1031 Plainfield St, Johnston, RI 02919
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Atwood Avenue

      Retail suites available in high-traffic Johnston location.
      1577 Atwood Ave, Johnston, RI 02919
      View Details
    • $2,400 /Mo
      1,735 SF

      Auto Repair Garage For Lease

      Auto repair garage with three bays available for lease.
      1225 Atwood Ave, Johnston, RI 02919
      View Details
    View Listing
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    Johnston, RI 02919
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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.

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    1414 Atwood Ave, Johnston, RI, 02919
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