Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    257 Manville Rd Woonsocket, RI 02895-5658
    Back to Search
    Property profile & analytics

    257 Manville Rd Woonsocket, RI 02895-5658

    View on Map
    • Investment properties
    • 0.18 lot acres
    Off-Market
    Last Sale Sep 5, 2025
    $850,000
    Property ID
    US76-0261324
    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
    $850,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 257 Manville Rd

    Lot size
    0.18 lot acres
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WOON M:28C L:196 U:10
    APU
    WOONM28CL196U10

    Description

    This exceptional mixed-use property at 257 Manville Road, Woonsocket, Rhode Island, presents a compelling investment opportunity. The 7,638 square foot building sits on a 0.18-acre lot and is priced at $925,000. The property boasts six residential units, each featuring three bedrooms and one full bathroom. These units are spacious, well-lit, and currently occupied on a month-to-month basis with tenants responsible for their own utilities. A new roof was installed just two years ago, ensuring long-term cost savings and peace of mind. In addition to the residential units, a vacant commercial space offers significant potential. This versatile area is ideal for a variety of uses, including a cafГ©, restaurant, or retail establishment. Its location in a high-traffic area promises strong visibility and potential for high occupancy. The property also includes paved off-street parking, providing convenient access for both residents and commercial patrons. This unique blend of residential income and commercial potential makes this property an attractive investment for those seeking a stable, high-return asset in a thriving community. The property's strong rental income stream, combined with the potential for significant commercial revenue, makes this a rare opportunity not to be missed.

    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
    -71.4996
    Latitude
    41.9998
    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
    2015
    $9,752
    $45,600
    $395,800
    $441,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,401 SF

      190 Arnold St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,401 SF
      190 Arnold St, Woonsocket, RI 02895-2920
      View Details
    • Value Estimation
      $1,375,000
      6,525 SF

      32 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,525 SF
      32 Main St, Woonsocket, RI 02895-4313
      View Details
    • Value Estimation
      $1,385,000
      8,925 SF

      26 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,925 SF
      26 Main St, Woonsocket, RI 02895
      View Details
    • Value Estimation by Request
      1,277 SF

      165 Ml St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,277 SF
      165 Ml St, Woonsocket, RI 02895-2121
      View Details
    • Value Estimation by Request
      3,918 SF

      825 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,918 SF
      825 Park Ave, Woonsocket, RI 02895-5897
      View Details
    • Value Estimation
      $970,000
      0.26 Acres

      341 Burnside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.26 Acres
      341 Burnside Ave, Woonsocket, RI 02895-2283
      View Details

    Similar Nearby for Sale

    • $600,000
      2,844 SF

      Woonsocket Mixed-Use Corner Property

      Versatile mixed-use property with commercial space and renovated apartment.
      185 Spring St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      7,742 SF

      Historic Mixed-Use Building For Sale

      Landmark building in downtown Woonsocket with retail and office space.
      2 Monument Sq, Woonsocket, RI 02895
      View Details
    • $600,000

      Woonsocket Mixed-Use Corner Property

      Versatile mixed-use property in Woonsocket with commercial and residential potential.
      185 Spring St, Woonsocket, RI 02895
      View Details
    • $400,000
      0.14 Acres

      Woonsocket Retail Site Redevelopment Opportunity

      Retail property with redevelopment potential in a growing, desirable market.
      617 Elm St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      8,428 SF

      Woonsocket Funeral Home with Apartment

      Three-story funeral home with residential apartment for sale.
      463 S Main St, Woonsocket, RI 02895
      View Details
    • $199,000

      Vacant Building in MU1 Zone

      Vacant 3,800 sq ft building on 10,173 sq ft lot.
      115 Railroad St, Woonsocket, RI 02895
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,968 SF

      Retail Space in Regional Trade

      Retail space with excellent visibility and abundant parking.
      1416-1450 Park Ave, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      6,152 SF

      Retail Space Available Immediately

      Retail spaces available with signalized access and high traffic.
      1500 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • $4 SF/Yr
      100,499 SF

      Woonsocket Industrial Space For Lease

      Flexible industrial space with high ceilings and loading dock access.
      159 Singleton St, Woonsocket, RI 02895
      View Details
    • Contact for pricing
      3,189 SF

      Millrace District Commercial Spaces

      Commercial spaces for rent in the Millrace District.
      5 Island Pl, Woonsocket, RI 02895
      View Details
    • $2,800 /Mo

      Woonsocket Restaurant Space For Lease

      Commercial restaurant space available in Downtown Woonsocket.
      57 N Main St, Woonsocket, RI 02895
      View Details
    • $8 SF/Yr

      Prominent Corner Retail Space Available

      Retail space with high visibility and flexible layout options.
      1081 Social St #1, Woonsocket, RI 02895
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    257 Manville Rd
    Woonsocket, RI 02895-5658
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    257 Manville Rd, Woonsocket, RI, 02895
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!