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162 Main St, Woonsocket, RI 02895
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Property summary
AI-generated overview
This exceptional 0.53-acre commercial property at 162 Main Street, Woonsocket, RI, presents a remarkable development opportunity. Situated directly across from City Hall, this high-visibility location offers unparalleled access and exposure. A completed Phase 1 environmental assessment ensures a smooth development process. Preliminary plans are in place for the construction of a multi-unit building, potentially exceeding 40 units. The substantial size of the lot allows for ample off-street parking, with existing plans accommodating 40+ parking spaces. The property's strategic location in the heart of Woonsocket, coupled with its significant development potential and convenient parking, makes it an ideal investment for developers seeking a high-impact project. The asking price is $799,900. This is a rare chance to acquire a prime commercial parcel in a thriving Rhode Island city, ready for immediate development. The existing preliminary plans provide a solid foundation for a swift and efficient project launch. The substantial parking provision addresses a key concern for multi-unit developments, enhancing the property's overall appeal and marketability. Don't miss this opportunity to capitalize on this exceptional location and its significant development potential. Serious inquiries only.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,986 SF
Lot
0.53 ac (22,917 SF)
Zoning code
C1
APN
WOON M:14U L:400 U:6
UPID
US76-0018023
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tour Operator
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$475k
Owner & transaction history
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
C1 · Woonsocket, RI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$475k
Value range
$428k – $523k
±10% around blend
Estimated value / SF
$13 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$428k
blend $475k
$523k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,986 SF
Lot area
0.53 ac
Year built
1937
Stories
5
APN
WOON M:14U L:400 U:6
Zoning
C1
Assessed value
$378,800
Annual tax
$9,826
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.45M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.5 mi away · 29,765 SF
16.1 mi away · 36,344 SF
16.9 mi away · 46,558 SF
17.6 mi away · 36,390 SF
20.0 mi away · 37,310 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$475k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 130 sales
$119
-89%
Submarket 130 sales
$119
-89%
County 1487 sales
$146
-91%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $13/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$500k
Move the market yield to see immediate price impact.
Value / SF
$14
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$32k
$630k
$450k
$350k
$35k
$700k
$500k
$389k
$39k
$770k
$550k
$428k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$1.30M
10.0 mi · Feb 2026 · $30/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,826
Tax year 2023
Assessed value
$378,800
Assessed 2023
Previous assessed
$378,800
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$59,100
Assessed improvement
$319,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
1
Stories
5
Units
2
Bathrooms
2
Total area
35,986 SF
Lot
0.53 ac (22,917 SF)
Zoning code
C1
APN
WOON M:14U L:400 U:6
UPID
US76-0018023
Jurisdiction
WOONSOCKET
Zoning & alternative use
C1 · Woonsocket, RIZoning C1 · permitted uses
C1 · Woonsocket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1937
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
5
Buildings
1
Units
2
Bathrooms
2
Lot
0.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C1
Jurisdiction
Woonsocket, RI
Recorded code
C1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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