North Smithfield, RI
Commercial Real Estate Market Trends & Data

$285 Avg asking sale price
$12 Avg asking lease rate
22,363 SF Avg unit lease size
19,841 SF Avg building size for sale
8.25% Average cap rate

North Smithfield's Demographic Profile

North Smithfield has 5,205 households and a median income of $91,144, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 12,851
# Households 5,205
Median age 47
Median household income $91,144
Avg household size 2.0
Renter-occupied housing units 1,369
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near North Smithfield, RI

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Nearby Retail Markets Avg Cost/SF Typical Size
North Smithfield $389 15,304 SF
Woonsocket $226 10,060 SF
Blackstone $352 4,160 SF
Smithfield $284 4,083 SF
Cumberland $273 6,039 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Smithfield $229 11,938 SF 9.54%
Woonsocket $235 11,844 SF 9.54%
Smithfield $246 17,615 SF 8.25%
Cumberland $295 11,430 SF 8.23%
Lincoln $192 12,082 SF 8.23%

Commercial Properties For Sale in North Smithfield

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1097 Eddie Dowling Hwy

North Smithfield, RI 02896

  • 16,162 SF Retail Building
  • $3,990,000
For Sale

76 Providence St

Woonsocket, RI 02895

  • 7,500 SF Flex Building
  • $599,999
For Sale

786 Providence St

Woonsocket, RI 02895

  • 15,534 SF Retail Building
  • 5.07% Cap Rate
  • $2,100,000
For Sale

6 Unit Multifamily - 4 2BR and 2 1BR

Woonsocket, RI 02895

  • 6,604 SF Multifamily
  • 8.28% Cap Rate
  • $885,000
For Sale

31 37 Mechanic Ave - 8 Apartments w/ 2 BR

Woonsocket, RI 02895

  • 5,500 SF Multifamily
  • 8.62% Cap Rate
  • $1,195,000
For Sale

10 Apartments for Sale in 2 Buildings

Woonsocket, RI 02895

  • 5,400 SF Multifamily
  • 7.75% Cap Rate
  • $1,600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Multifamily vs. Single-Family Investing ROI
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CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether North Smithfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Smithfield $285 19,841 SF
Woonsocket $199 20,375 SF
Blackstone $227 17,487 SF
Smithfield $256 6,389 SF

Regional Demographic Comparison

This comparison places North Smithfield alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in North Smithfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Woonsocket 42,299 17,811 38 $51,586 2 11,421 -1%
Blackstone 8,717 3,471 44 $96,404 3 959 -2%
Smithfield 24,102 8,493 43 $97,601 2 1,608 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Smithfield, RI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in North Smithfield

View All Commercial Real Estate For Sale in North Smithfield
Is North Smithfield a good market for a first-time commercial real estate investor?

North Smithfield offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in North Smithfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North Smithfield. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in North Smithfield?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for North Smithfield. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does North Smithfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North Smithfield. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for North Smithfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North Smithfield, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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