39 Greenville Ave Johnston, RI 02919-4223
Property profile & analytics
39 Greenville Ave Johnston, RI 02919-4223
- Investment properties
- 10,638 SF
- 0.50 lot acres
Property ID
US76-0331590
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.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 39 Greenville Ave
- Year built
- 1940
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.50 lot acres
- Property size
- 10,638 SF
- Zone code
- B2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- JOHN M:0017 L:010
- APU
- JOHNM0017L010
Description
This exceptional investment opportunity presents a thriving strip center strategically located at a bustling intersection in Johnston, Rhode Island, offering convenient highway access. The property boasts a substantial 14,023 square feet of space distributed across two buildings situated on a half-acre lot. The diverse tenant mix includes four residential units, four to five retail spaces, and three commercial/warehouse units, all currently generating rental income with many tenants holding multi-year leases. The potential for further development is significant, with ample room to subdivide existing units and create additional rental spaces to increase revenue streams. The property's high occupancy rate and established tenant base provide immediate cash flow and a strong foundation for future growth. The expansive parking lot comfortably accommodates over 20 vehicles, ensuring convenient access for tenants and customers. This well-maintained property presents a rare opportunity to acquire a high-performing commercial asset in a prime Johnston location with excellent visibility and accessibility. The combination of residential, retail, and commercial/warehouse units creates a diversified income stream, mitigating risk and maximizing return on investment. This is an ideal opportunity for investors seeking a stable, high-yield property with significant upside potential. The property's location at a busy intersection and its proximity to major roadways guarantee high traffic counts and excellent visibility, attracting a wide range of potential tenants.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,900,000
- ML approach
- $1,785,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,095,000
- 6.5%
- $1,935,000
- 7%
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,785,000
- AI Estimate
- $1,121,000
Market price range: $741k - $2.98MMarket price range: $579k - $1.79M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,820,000 Current use
- OFFICE BUILDING
- $2,035,000 Change: +12% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Johnston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4734
- Latitude
- 41.8335
- 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
2023
$30,796
$147,700
$975,000
$1,122,700
-
$0.00
$0.00
$0.00
