Property profile

622 Dexter St Central Falls, RI 02863

OFF-MARKET
Showrooms
Property ID
US76-0329642
2,900 SF 0.14 ac lot Built 1971
Individually Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A well-maintained convenience store property with approximately 2,900 square feet of retail space located in Central Falls on a high-traffic street. The building includes two front entry doors, two half bathrooms, two office spaces, safety glass, and security cameras. It is equipped with a 10-door cooler, substantial shelving, additional cold food storage, and a slushy machine, and supports the sale of lottery, cigarettes, and grocery items, including acceptance of WIC and EBT. The interior fixtures and layout are complemented by safety and lighting features, with upgrades including a newer roof, air conditioning, updated lighting, and two large illuminated exterior signs. The exterior is well lit and provides parking for seven vehicles, and the site is adjacent to a RIPTA bus stop with nearby schools and local businesses. The building is designed to be divisible if future subdivision is desired.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,900 SF
Lot 0.14 ac (6,142 SF)
Zoning code C-D
APN CENT M:08 P:77
UPID US76-0329642

Cap rate & NOI

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

Location

622 Dexter St Central Falls, RI 02863
Central Falls metro Census 11000 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2011
4 recorded transactions
2017
Price N/A
2011
$600,000
2006
Price N/A
1969
Price N/A

Zoning & alternative use

C-D · Central Falls, RI
Zoning description

C-D commercial-downtown district. This zone is intended to encourage revitalization and restoration of core business areas in the city. A variety of business, financial, institutional, public, quasi - public, cultural, r…

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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