Listing Courtesy of: RHODE ISLAND / Listed By: Gary Balletto, Balletto Realty
230 George Washington Highway Smithfield, RI 02917
Active (11 Days)
$2,879,000 (USD)
2.53
ACRES
Description
MLS #:
1421920
1421920
Taxes
$4,628(2023)
$4,628(2023)
Lot Size
2.53 acres
2.53 acres
Type
Land
Land
County
Providence County
Providence County
Listed By
Gary Balletto, Balletto Realty
Source
RHODE ISLAND
Last checked Sep 10 2026 at 7:48 PM GMT+0000
RHODE ISLAND
Last checked Sep 10 2026 at 7:48 PM GMT+0000
Bathroom Details
Senior Community
- Yes
Lot Information
- Rural
Utility Information
- Utilities: Gas Available, Electricity Connected, Electricity Available, Natural Gas Available, Muncipal Water, Sewer Available, Cable Connected, Phone Connected, Water Connected, Water Available
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Sotheby's International Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. 9/10/26 12:48
230 George Washington Highway
Residential Land Value
26 residential units × $75,000 per unit = $1,950,000
Retail Land Value
9,000 sq. ft. × $45 per sq. ft. = $405,000 gross annual rent
Less 15% vacancy = $344,250 effective gross income
Less 10% operating expenses = $309,825 NOI
Retail land value: 3 years of NOI = $929,475
Proposed Land Value/Sale Price
$1,950,000 residential value
$929,475 retail value
= $2,879,475