Property profile

595 Smithfield Rd North Smithfield, RI 02896

FOR LEASE
Showrooms
Property ID
US76-0044555
61,008 SF 6.45 ac lot Built 1991
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 21,780 square foot pad site presents a prime retail opportunity in the bustling Stop & Shop Plaza in North Smithfield, Rhode Island. Located on a half-acre lot with 350 parking spaces, this single-tenant property boasts unparalleled visibility and accessibility from a major, well-lit intersection. The site is currently vacant and zoned BN, offering flexibility for a variety of retail uses. This location benefits from its proximity to a strong concentration of national retailers, including Walmart, Lowe's, Kohl's, PetSmart, Aldi, Planet Fitness, Texas Roadhouse, and Taco Bell, ensuring high foot traffic and brand recognition. The plaza also features complementary businesses such as Ocean State Job Lot, McDonald's, Burger King, AutoZone, Dollar Tree, and a Stop & Shop gas station, creating a vibrant and convenient shopping destination. This pad site offers an exceptional opportunity to establish a thriving retail presence in a high-demand area with significant consumer traffic and strong anchor tenants. The property's size and location make it ideal for a variety of retail concepts seeking high visibility and convenient access for customers. The ample parking ensures ease of access for shoppers and employees. This is a rare opportunity to secure a prime retail location in a thriving commercial center.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1991
Construction STEEL FRAME
Total area 61,008 SF
Lot 6.45 ac (281,136 SF)
Zoning code BH
APN NSMI M:0009 L:0794
UPID US76-0044555

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Medical Clinic
  • Bank Credit Union
  • Atm
  • Grocery & Convenience Store Food Market

Location

595 Smithfield Rd North Smithfield, RI 02896
North Smithfield metro Census 12802 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.39M
Blend (final) Blend
$5.37M

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2021
Price N/A
2019
Price N/A
1969
Price N/A

Zoning & alternative use

BH · North Smithfield, RI
Zoning description

Business - Highway (BH). This District is established to provide areas for commercial establishments that depend primarily on a great volume of vehicular traffic. Typical uses include those which offer accommodations and…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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