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    Property profile & analytics

    56 Pleasant View Ave Smithfield, RI 02828

    • Commercial real estate
    For Sale
    View listing
    $849,000
    Value Estimation
    Location Intelligence
    Property ID
    US76-0150515
    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 56 Pleasant View Ave

    Year built
    1986
    Property type
    Commercial real estate

    Description

    This exceptional 2-story colonial at 56 Pleasant View Avenue, Smithfield, RI 02828, presents a unique investment opportunity. Boasting a substantial 20,038 square foot lot, the property offers over 3,000 square feet of living space, perfectly suited for both residential and commercial uses. The 1986-built structure features six bedrooms and five and a half bathrooms, along with two full kitchens and two kitchenettes, providing ample space for a large family or multiple rental units. Two walk-out lower-level units, each with a private entrance, offer further flexibility for multigenerational living or a bed and breakfast (permits pending). Five separate living spaces ensure maximum privacy. Interior features include a spacious 650 square foot formal living room with a marble gas fireplace, built-ins, updated plumbing and electric, a new oil burner, a 280-gallon oil tank, and six heating zones. Exterior amenities include a 500-square-foot deck overlooking protected forestland, a new six-foot fence, and ample parking. A 2023 Certificate of Occupancy has been issued. Conveniently located five miles from Providence, near Route 295 and the Smithfield School System, this property offers significant income potential and is priced at $849,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5458703
    Latitude
    41.8773331

    Comparable in this City

    • $369,000
      Pending

      Smithfield Land in Mapleville Highlands

      Last available lot in established Greenville subdivision.
      5 Kristen Dr, Smithfield, RI 02828
      View Details
    • $224,995
      Pending

      Land with Pond in Smithfield

      Raw land with pond, island, and easy highway access.
      450 Log Rd, Smithfield, RI 02828
      View Details
    • $399,000
      1,250 SF

      New Construction Flex Space Condo

      Modern flex space condo units, ideal for diverse business opportunities.
      150 George Washington Hwy, Smithfield, RI 02828
      View Details

    Similar Nearby for Sale

    • $369,000
      Pending

      Smithfield Land in Mapleville Highlands

      Last available lot in established Greenville subdivision.
      5 Kristen Dr, Smithfield, RI 02828
      View Details
    • $224,995
      Pending

      Land with Pond in Smithfield

      Raw land with pond, island, and easy highway access.
      450 Log Rd, Smithfield, RI 02828
      View Details
    • $399,000
      1,250 SF

      New Construction Flex Space Condo

      Modern flex space condo units, ideal for diverse business opportunities.
      150 George Washington Hwy, Smithfield, RI 02828
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,800 SF

      New Office Building For Rent

      New office building near Route 44 in Greenville, Rhode Island.
      5 Pleasant View Ave, Smithfield, RI 02828
      View Details
    • Contact for pricing
      29,480 SF

      Shops on 44

      Retail properties • 29,480 SF
      473 Putnam Pike, Smithfield, RI 02828
      View Details
    • $6,500 /Mo
      3,915 SF

      Turnkey Restaurant Space on Putnam Pike

      Fully equipped 3,915 SF restaurant space in Smithfield, Rhode Island.
      566 Putnam Pike, Smithfield, RI 02828
      View Details
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    56 Pleasant View Ave
    Smithfield, RI 02828
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    Realmo Value Estimation

    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.

    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.

    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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