Property profile

840 Smithfield Ave Lincoln, RI 02865

OFF-MARKET
Showrooms
Property ID
US76-0327842
4,490 SF 0.23 ac lot Built 1974
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 400 square foot office building located at 840 Smithfield Avenue in Lincoln, Rhode Island, zip code 02865. Built in 1974, this single-unit property offers a versatile space suitable for a variety of uses, including traditional office, storefront, or executive office settings. The property's classification encompasses office and retail space, making it ideal for businesses seeking a high-visibility location. The building sits on a 400 square foot lot, providing ample space for operations and potential expansion. The asking price for this property is $550,000. Its location in Lincoln, Providence County, Rhode Island, offers convenient access to local amenities and transportation networks. The property's versatility and prime location make it an attractive investment for entrepreneurs and businesses seeking a well-established presence in a thriving community. This is a single-building property with a single unit, offering a straightforward and manageable investment opportunity. The property's diverse subtype classifications highlight its adaptability to various business needs. This is a rare opportunity to acquire a well-situated commercial property in a desirable Rhode Island location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1974
Construction FRAME
Total area 4,490 SF
Lot 0.23 ac (9,801 SF)
Zoning code RG7
APN LINC M:06 L:046.0 U:
UPID US76-0327842

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
  • Dental Office
  • Real Estate Agency
  • Real Estate Agency
  • Travel Agency
  • Law Firm

Location

840 Smithfield Ave Lincoln, RI 02865-3344
Lincoln metro Census 11702 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2014
7 recorded transactions
2024
Price N/A
2014
$230,000
2014
$305,000
2010
$290,000
2010
$335,000
2010
$2,714
2010
$2,255

Zoning & alternative use

RG7 · Lincoln, RI

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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