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    1835 Plainfield Pike Johnston, RI 02919
    Property profile & analytics

    1835 Plainfield Pike Johnston, RI 02919

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    • Commercial real estate
    • 1.34 lot acres
    For Sale
    $2,495,000
    View Listing →
    1.76 Acre Corner Lot For Sale
    $2,495,000
    1.76 Acres

    1.76 Acre Corner Lot

    1.76-acre corner lot ideal for retail or office development.

    1835 Plainfield Pike, Johnston, RI 2919
    View Listing
    Property ID
    US76-0366988
    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

    • Commercial real estate

    Property Details for 1835 Plainfield Pike

    Lot size
    1.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.34-acre commercial property at 1835 Plainfield Pike in Johnston, RI, presents a unique investment opportunity. Boasting a total of 25,257 square feet, this B-2 zoned lot is strategically positioned at the corner of Simmonsville Avenue and Plainfield Pike, directly benefiting from a traffic light for optimal visibility and convenient access. Its location off I-295 Exit 6, between Route 37 and Route 6 ramps, ensures unparalleled connectivity to all areas of Rhode Island. The property's proximity to the new Citizens Bank complex on Route 295 (five miles) and the Walmart Shopping Plaza exit further enhances its desirability. Peak traffic exposure during the 4-6 p.m. rush hour guarantees maximum visibility for any business. This highly visible corner lot offers significant potential for a variety of commercial ventures. The property is also available for lease at a rate of $4 per square foot annually. Detailed information regarding leasing is available upon request. Plat 29, Lot 1.

    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
    Johnston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.50557
    Latitude
    41.78935

    Comparable in this City

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      Johnston Commercial Land - Route 6

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      while the generous 16 foot ceilings allow for maximum storage capacity. With gas heat
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      2,967 SF

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    Similar Nearby for Sale

    • $1,250,000
      2.04 Acres

      Johnston Commercial Land - Route 6

      High-visibility, 2-acre commercial lot near I-295.
      2207 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
    • $975,000
      0.51 Acres

      Residential Development Opportunity in Johnston

      Land with preliminary approval for seven townhouse units.
      1296 Atwood Ave, Johnston, RI 02919
      View Details
    • $575,000
      5,292 SF

      Johnston, RI Commercial Building

      Well-maintained manufacturing/industrial space near major highways.
      10 Alcazar Ave, Johnston, RI 02919
      View Details
    • $50,000
      Pending

      Two Johnston, RI Vacant Lots

      Two lots totaling 13,500 SF in a convenient location.
      Autumn Dr, Johnston, RI 02919
      View Details
    • Contact for pricing
      2,967 SF

      Medical Office Condo For Sale

      Medical office condominium unit with ample parking for sale.
      1524 Atwood Ave, Johnston, RI 02919
      View Details

    Similar Nearby for Lease

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      Auto Repair Garage For Lease

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    • $25 SF/Yr

      Renovated Flex Commercial Space

      1,600 SF renovated flex space with drive-in door.
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      Atwood Medical Center Office Space

      Medical office space available at Atwood Medical Center.
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      Class A Office Space Available

      33,296 square feet of Class A office space available immediately.
      1301 Atwood Ave, Johnston, RI 02919
      View Details
    • Contact for pricing
      10,500 SF

      Johnston Office Space Available

      Office space available for rent in Johnston, Rhode Island.
      1277 Hartford Ave, Johnston, RI 02919
      View Details
    • $4,995 /Mo
      2,452 SF

      Turnkey Restaurant with Outdoor Seating

      Turnkey restaurant with modernized interior, outdoor seating, and ample parking.
      1208 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.

    More about this property
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