Northeast Deal Intel — Rhode Island

Daily Scored Rhode Island CRE Deals

Daily scored CRE deal alerts for Rhode Island — industrial, multifamily, retail, and mixed-use across Providence, Warwick, and the coastal markets.

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21
Active RI Listings
N/A
Avg Cap Rate
6.4/10
Top Deal Score
Daily
Alert Frequency
CT NJ MA NY RI NH VT ME
Today's Top Pick

Highest-Scored Rhode Island Deal

Our Scout agent scans Rhode Island commercial listings every few hours and scores every deal on a 10-point rubric covering cap rate vs. submarket average, price per square foot vs. recent comps, location fundamentals, value-add potential, and 1031 suitability. Here is the current top pick.

⭐ 6.4/10
📍 Providence Metro — Commercial
FM buys former IGT building in downtown Providence. What we know. - The Providence Journal

💰 Asking: N/A  |  📊 Cap Rate: N/A

💬 RI commercial — Score 6.4/10.

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Market Overview

Rhode Island Commercial Real Estate in 2026

Rhode Island is one of the eight Northeast states covered daily by Northeast Deal Intel. As of 2026-03-17, our database tracks 21 active RI listings across all commercial property types — industrial, multifamily, retail, office, land, and development sites. The average cap rate for tracked RI deals with cap rate data is N/A, with the strongest individual deal scoring 6.4/10 on our proprietary rubric.

We score every deal on five weighted dimensions: cap rate vs. submarket average (30%), price per SF vs. recent comparable sales (25%), location fundamentals including highway and transit access (20%), value-add potential such as below-market rents and vacancies (15%), and 1031 exchange suitability (10%). Deals scoring 8+ are flagged as exceptional; 7–7.9 are strong buys; 5–6.9 are watchlist material.

The following sections cover Rhode Island submarkets, cap rate benchmarks by property type, today's top-scored deals, and frequently asked questions about Rhode Island CRE investing. Data is updated daily from MLS feeds, county land records, and proprietary comp databases.

Deal Inventory

Active RI Listings by Property Type

Property TypeActive Listings
Commercial9
Land5
Office3
Retail2
Multifamily2
Top Scored Deals

Current Top Rhode Island Deals by Score

The following deals represent the highest-scoring active Rhode Island listings in our database. Scores reflect the full 5-factor rubric. Subscribe for analyst commentary, cap rate context, and 1031 suitability notes on each deal.

TypeAddressPriceCap RateScoreSubmarket
Commercial FM buys former IGT building in downtown Providence. What we N/A N/A 6.4/10 Providence Metro
Office FM Global Pays $69M for Providence Office Building - Commerc $69.00M N/A 6.4/10 Providence Metro
Commercial Brown Health taps JLL to manage hospital real estate portfol N/A N/A 6.4/10 Providence Metro
Commercial What's the most expensive property sold in RI? Feb. 28 real N/A N/A 6.4/10 Providence Metro
Commercial Historic Merchants Bank building in downtown Providence hits N/A N/A 6.4/10 Providence Metro
Submarket Intelligence

Rhode Island Submarkets

Northeast Deal Intel classifies Rhode Island deals into distinct submarkets. Each submarket is benchmarked separately — a deal's score reflects its cap rate vs. its specific submarket average, not the statewide average. This ensures deals in lower-yield markets aren't penalized, and deals in high-yield markets aren't artificially boosted.

Providence Metro

Providence, Cranston, Pawtucket — healthcare, education, and mixed-use anchor.

Warwick / Coventry

Industrial and retail; T.F. Green Airport corridor logistics.

Newport / East Bay

Hospitality, retail, and mixed-use; premium coastal positioning.

South County

Retail and light industrial; growing residential spillover.

Cap Rate Benchmarks

Rhode Island Cap Rate Benchmarks by Property Type

The following benchmarks are used by our scoring engine to evaluate Rhode Island deals against market. Deals with cap rates above the "strong buy" threshold score higher on the cap rate dimension. Benchmarks are updated quarterly.

Property TypeMarket RangeStrong Buy BelowNotes
Industrial 6.5–8.0% 7.0% Strong value relative to MA/CT; Providence area active.
Multifamily 5.5–7.0% 6.0% Providence rental market tight; student housing overlap.
Retail 6.5–8.5% 7.0% Necessity retail performing; coastal retail seasonal.
Mixed-Use 6.0–8.0% 6.5% Providence redevelopment zones active.

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Frequently Asked Questions

Rhode Island Commercial Real Estate FAQ

What are typical RI commercial real estate cap rates?
Rhode Island cap rates are generally 50–100bps above Massachusetts, reflecting smaller market liquidity. Industrial runs 6.5–8.0%, multifamily 5.5–7.0%, and retail 6.5–8.5%. Providence mixed-use has been the most active category recently.
Is Providence, RI a good CRE market?
Providence is underrated nationally. A strong university and healthcare employment base (Brown, RISD, Lifespan) drives multifamily and medical office demand. Industrial near T.F. Green Airport is particularly active for logistics.
What submarkets does NDI cover in Rhode Island?
Providence Metro (highest deal volume), Warwick/Coventry (industrial/retail), Newport/East Bay (hospitality and coastal mixed-use), and South County. Providence represents roughly 60% of RI commercial transaction volume.
Are there 1031 exchange deals in Rhode Island?
Yes — RI has good NNN retail inventory and industrial product in the $500K–$3M range, which is well-suited for smaller 1031 exchanges. Providence mixed-use properties also attract 1031 buyers from larger Massachusetts markets.
How does Rhode Island compare to Connecticut for CRE?
RI generally offers slightly higher cap rates than CT for comparable product, with lower deal volume. This creates a less competitive buyer pool — a potential advantage for investors willing to do the research. NDI flags RI deals against both RI and regional benchmarks.
Does NDI cover Newport, RI hospitality and retail?
Yes — Newport and East Bay coastal retail, hospitality, and mixed-use are tracked. These are seasonal markets with different underwriting considerations; we note seasonal revenue dependence explicitly in our deal commentary.
What makes a strong Rhode Island industrial deal?
Cap rate above 7.0%, T.F. Green Airport or I-95 corridor access, multi-tenant or credit tenant, and price/SF below $90. Deals with assumable financing score particularly well given current rate environment.
How often does NDI scan for RI deals?
Scout-NE covers RI every 8 hours. Daily alerts include all RI deals scored 6.0+. RI deal volume is lower than CT/NJ/NY, so we cast a wider net on score threshold.
Is Rhode Island part of a multi-state subscription?
Yes. RI is included in the New England Complete bundle ($179/mo) covering MA, RI, NH, VT, and ME. It's also part of Northeast All-Access ($247/mo) for all 8 states.
How do I subscribe for Rhode Island deal alerts?
Visit northeastdealintel.com/#pricing. RI Insider is $29/mo for daily alerts and weekly analysis. The New England Complete bundle is $179/mo for all 5 New England states.

Data last updated: 2026-03-17 | Northeast Deal Intel | All States | Subscribe