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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    60 Maple Ave Barrington, RI 02806-3552

    • Investment properties
    • 1,544 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0308766
    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

    • Thrive Tribe Cafe / Cafe

    Property Details for 60 Maple Ave

    Year built
    1922
    Construction
    FRAME
    Lot size
    0.23 lot acres
    Property size
    1,544 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BARR M:23 L:094
    APU
    BARRM23L094

    Description

    This exceptional commercial property at 60 Maple Avenue in Barrington, Rhode Island (zip code 02806), offers a unique blend of retail and office space. The building, situated on a 10,000 square foot lot, features 800 square feet of meticulously maintained space within a two-story structure. The property boasts a highly desirable location in the heart of downtown Barrington, ensuring high visibility and foot traffic. With three convenient entrances, the building offers excellent opportunities for showcasing products and services. The charming front porch adds to the property's curb appeal. Inside, the space includes added storage, a fully accessible restroom, and a spacious rear room suitable for various uses, such as an office, examination room, or prep kitchen. The property's zoning is classified as "B". Ample parking is provided with 12 spaces, accessible from both Maple Avenue and Anoka Avenue, enhancing convenience for customers and employees. The single-tenant occupancy presents a streamlined management opportunity. This versatile property is ideal for a wide range of businesses, including but not limited to medical offices, executive suites, specialty services, retail shops, and restaurants. The property's size, location, and amenities make it an exceptional investment opportunity in a thriving Rhode Island community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.31
    Latitude
    41.7392
    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
    2024
    $6,534
    $275,000
    $168,000
    $443,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      3,828 SF

      18 Bosworth St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,828 SF
      18 Bosworth St, Barrington, RI 02806
      View Details
    • Value Estimation
      $990,000
      2,574 SF

      228 County Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,574 SF
      228 County Rd, Barrington, RI 02806-4514
      View Details
    • Value Estimation by Request
      0.54 Acres

      260 Maple Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.54 Acres
      260 Maple Ave, Barrington, RI 02806-3406
      View Details
    • Value Estimation by Request
      0.49 Acres

      165 Sowams Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.49 Acres
      165 Sowams Rd, Barrington, RI 02806-4606
      View Details
    • Value Estimation
      $1,010,000
      5,610 SF

      32 Barton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,610 SF
      32 Barton Ave, Barrington, RI 02806-4440
      View Details
    • Value Estimation
      $845,000
      4,181 SF

      12 Clarke Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,181 SF
      12 Clarke Rd, Barrington, RI 02806-4004
      View Details

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      Barrington Multifamily Investment Opportunity

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      Barrington Commercial Building For Sale

      Free-standing commercial building in prime Barrington location.
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    • $1,150,000

      Waterfront Lot with Development Potential

      Waterfront land with existing structures and development opportunities.
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      Prime waterfront lot with deep water dock in Barrington, RI.
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    Similar Nearby for Lease

    • Contact for pricing
      3,335 SF

      Prime Retail Space Available

      Retail spaces for rent with high visibility and strong parking.
      236 County Rd, Barrington, RI 02806
      View Details
    • Contact for pricing
      6,400 SF

      Retail Space Available For Rent

      6,400 SF retail space available for rent.
      227 County Rd, Barrington, RI 02806
      View Details
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    60 Maple Ave
    Barrington, RI 02806-3552
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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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