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    314 4Th Ave Woonsocket, RI 02895
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    Property profile & analytics

    314 4Th Ave, Woonsocket, RI 02895

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    • Commercial real estate
    • 4,092 SF
    Off-Market
    Property ID
    US76-0029320
    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 314 4Th Ave

    Year built
    1937
    Property type
    Commercial real estate

    Description

    This exceptional 7,742 square foot lot, located at 314 Fourth Avenue in Woonsocket, Rhode Island, presents a remarkable opportunity for developers and investors. The property, encompassing a sizable 4,092 square feet, is zoned for both commercial and residential use, offering unparalleled flexibility for a variety of projects. Built in 1937, the existing structure on the lot presents a unique canvas for redevelopment or repurposing. The property's location in Providence County, zip code 02895, provides convenient access to local amenities and transportation networks. While currently listed as having zero units, the property's zoning and size allow for significant development potential. The asking price for this prime piece of land is $650,000. This represents a compelling investment opportunity in a growing Rhode Island market. The substantial lot size offers ample space for a variety of development scenarios, catering to diverse commercial and residential needs. This is a chance to acquire a significant parcel in a desirable location, ready for your vision to take shape. The property's history and existing structure add character and potential for creative redevelopment. Serious inquiries are encouraged to explore the full potential of this unique offering.

    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
    -71.5293438
    Latitude
    42.002423

    Comparable in this City

    • $400,000
      7,156 SF

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      Retail site with redevelopment potential for apartments or condos.
      617 Elm St, Woonsocket, RI 02895
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    • New
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      Woonsocket Two-Family Home

      Well-maintained two-family home near shopping, dining, and industrial park.
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    • $1,200,000
      0.10 Acres

      Multifamily Property with Buildable Lot

      Woonsocket multifamily property with development potential near downtown.
      252 Front St, Woonsocket, RI 02895
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    • $899,000
      6,400 SF

      Mixed-Use Property with Development Potential

      Seven-unit mixed-use property with land for expansion.
      60 Rathbun St, Woonsocket, RI 02895
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    • $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
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    • $399,000

      Well-Maintained Seven-Unit Apartment Building

      Seven-unit apartment building with garages, updated units, and long-term tenants.
      66 Hamlet Ave, Woonsocket, RI 02895
      View Details

    Similar Nearby for Sale

    • New
      $449,900
      0.50 Acres

      Woonsocket Two-Family Home

      Well-maintained two-family home near shopping, dining, and industrial park.
      1842 Mendon Rd, Woonsocket, RI 02895
      View Details
    • $400,000
      7,156 SF

      Woonsocket Redevelopment Opportunity

      Retail site with redevelopment potential for apartments or condos.
      617 Elm 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
    • $899,000
      6,400 SF

      Mixed-Use Property with Development Potential

      Seven-unit mixed-use property with land for expansion.
      60 Rathbun St, Woonsocket, RI 02895
      View Details
    • $1,200,000
      0.10 Acres

      Multifamily Property with Buildable Lot

      Woonsocket multifamily property with development potential near downtown.
      252 Front St, Woonsocket, RI 02895
      View Details
    • $399,000

      Well-Maintained Seven-Unit Apartment Building

      Seven-unit apartment building with garages, updated units, and long-term tenants.
      66 Hamlet Ave, Woonsocket, RI 02895
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease.
      1983 Diamond Hill Rd, Woonsocket, RI 02895
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 10,548 square feet.
      200 Social St, Woonsocket, RI 02895
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      1,414 SF

      Former Coffee Shop with Drive-Thru

      Move-in ready space with drive-thru, ideal for restaurant or retail.
      711 Front St, Woonsocket, RI 02895
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      8,267 SF

      Millrace District Commercial Spaces

      Commercial spaces for rent in the Millrace District.
      68 South Main St, Woonsocket, RI 02895
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      5,049 SF

      Cornerstone Building: Retail and Office

      67,752 square foot commercial building with retail and office units.
      191 Social St, Woonsocket, RI 02895
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      700 SF

      Downtown Woonsocket Retail/Office Space

      700 SF retail or office space in downtown Woonsocket.
      26 Main St, Woonsocket, RI 02895
      View Details
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    Woonsocket, RI 02895
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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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