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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2207 Hartford Ave Johnston, RI 02919

    • Commercial real estate
    • 0.66 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0372652
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2207 Hartford Ave

    Lot size
    0.66 lot acres
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    JOHN M:0054 L:010
    APU
    JOHNM0054L010

    Description

    This exceptional 2+ acre commercial property, located at 2207 Hartford Avenue in Johnston, Rhode Island, presents a remarkable investment opportunity. Boasting 88,862 square feet of land and an impressive 282 feet of frontage on heavily traveled Route 6/Hartford Avenue, this site offers unparalleled visibility and accessibility. Its prime location near I-295 and the new Amazon facility ensures high daily traffic counts, capitalizing on the flow to and from Western Rhode Island and Connecticut. The property is zoned B-2, allowing for a wide range of potential uses, including but not limited to gas stations, car washes, quick-service restaurants, convenience stores, food and beverage establishments, self-storage facilities, and auto-related businesses. The site is currently vacant and ready for development. With 475 total parking spaces available, this property is well-suited for businesses requiring ample parking for customers and employees. Utilities are available, including power. The property is conveniently located near Belfield Drive and has a zip code of 02919. A purchase option is available at $1.25 million. This is a rare opportunity to secure a highly visible and strategically located commercial parcel in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5345
    Latitude
    41.8307
    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
    2018
    $5,644
    $167,300
    $74,700
    $242,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1,250 SF

      2631 Hartford Ave

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      2631 Hartford Ave

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    • Value Estimation by Request
      13.07 Acres

      1307 Hartford Ave

      COMMERCIAL (GENERAL) • 13.07 Acres
      1307 Hartford Ave, Johnston, RI 02919-7193
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    • 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
      $3,295,000
      14,843 SF

      1583 Atwood Ave

      COMMERCIAL CONDOMINUIM • 14,843 SF
      1583 Atwood Ave, Johnston, RI 02919-3232
      View Details

    Similar Nearby for Sale

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      Johnston, RI: 15-Acre Commercial Land

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    • $1,250,000
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      Johnston Commercial Land - Route 6

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    • $289,000
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      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
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    • $2,000,000
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      Johnston Land: Prime Commercial Acre

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    • Contact for pricing

      Johnston Commercial Land Opportunity

      120,000 SF Development Site, Prime Location
      1360 Atwood Ave, Johnston, RI 02919
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    Similar Nearby for Lease

    • $2,400 /Mo
      1,735 SF

      Auto Repair Garage For Lease

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    • $20 SF/Yr

      Former Restaurant Site with Drive-Thru

      Freestanding site suitable for fast food, retail, or medical use.
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      Atwood Medical Office Space

      Prime Johnston, RI medical office building
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      830,000 SF

      1386 Atwood Ave

      Retail properties • 830,000 SF
      1386 Atwood Ave, Johnston, RI 02919
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    • Contact for pricing
      1,400 SF

      Retail Space on Atwood Avenue

      Retail suites available in high-traffic Johnston location.
      1577 Atwood Ave, Johnston, RI 02919
      View Details
    • $2 SF/Yr
      88,862 SF

      Johnston Commercial Land - 2 Acres

      High-traffic Route 6 location, B-2 zoning.
      2207 Hartford Ave, Johnston, RI 02919
      View Details
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    2207 Hartford Ave
    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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