Smithfield, RI
Commercial Real Estate Market Trends & Data

$255 per SF Avg asking sale price
$13 per SF Avg asking lease rate
53,168 SF Avg unit lease size
8,960 SF Avg building size for sale
6.86% Average cap rate

Smithfield's Demographic Profile

Smithfield has 8,493 households and a median income of $97,601, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 24,102
# Households 8,493
Median age 43
Median household income $97,601
Avg household size 2.0
Renter-occupied housing units 1,608
5-year population change +2%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lincoln $196 17,130 SF 8.78%
Johnston $200 16,613 SF 7.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Smithfield $364 5,433 SF 8.05%
Greenville $158 2,500 SF 7.50%
Lincoln $151 38,714 SF 7.00%
North Providence $114 7,364 SF 8.05%
Johnston $126 34,282 SF 8.05%
Nearby Retail Markets Avg Cost/SF Typical Size
Smithfield $285 3,040 SF
Lincoln $236 6,156 SF
North Providence $198 6,796 SF
Johnston $243 8,537 SF
North Smithfield $136 21,741 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Smithfield $208 12,340 SF 7.88%
Lincoln $174 10,640 SF 7.44%
North Providence $153 11,972 SF 7.88%
Johnston $234 89,827 SF 7.88%
North Smithfield $169 7,453 SF 9.54%

Commercial Properties For Sale in Smithfield

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

1320 Eddie Dowling Hwy

Lincoln, RI 02865

  • 20,027 SF Flex Building
  • 7.00% Cap Rate
  • $2,990,000
For Sale

197 Putnam Pike

Johnston, RI 02919

  • 8,476 SF Retail Building
  • 8.05% Cap Rate
  • $789,500
For Sale

Mowry Hill Commons

Smithfield, RI 02917

  • 15,000 SF Retail Building
  • $4,200,000
For Sale

175-181 Putnam Pike

Johnston, RI 02919

  • 37,992 SF Industrial Building
  • 4.51% Cap Rate
  • $3,625,000
For Sale

Mowry Hill Commons

Smithfield, RI 02917

  • 1,250 SF Retail Building
  • $350,000 - $399,000
For Sale

325 Farnum Pike

Smithfield, RI 02917

  • 9,001 SF Retail Building
  • $2,300,000

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

Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Smithfield $255 8,960 SF
Greenville $214 23,233 SF
Lincoln $174 23,781 SF
North Providence $166 7,578 SF
Johnston $204 32,820 SF

Regional Demographic Comparison

This comparison places 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 Smithfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Smithfield 24,102 8,493 43 $97,601 2 1,608 2%
Johnston 31,053 12,518 45 $78,385 2 3,885 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in 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 Smithfield

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

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 Smithfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in 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 Smithfield?

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

How does Smithfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to 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 Smithfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in 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.

Nearby Market Trends