Flex Space with Covered Loading
New
For Sale
$260,000
1 Tupperware Dr Unit 3, North Smithfield, RI 02896
A separate office area and on-site parking complement the covered loading facility.
Property Size2,136 SF
Price / SF$121.72
Days on Market4
Property Features for 1 Tupperware Dr Unit 3
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Listing Agency:
Mott & Chace Sotheby's Intl.
Listed By:
Mark Finne
(401) 541-5838
Source:
Rhodeislandhomesforsale
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 7:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mott & Chace Sotheby's Intl.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,136-square-foot commercial condominium in North Smithfield combines flexible work space with a designated office area and a covered loading dock. The office provides a distinct area for administrative functions, while the sheltered dock supports loading and deliveries. The property was built in 1960.
Key Highlights
- 2,136 SF of flexible commercial space
- Covered loading dock
- Separate office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,535
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,700
$270.7K
Cap Rate 7%
$193,357
$193.4K
Cap Rate 9%
$150,389
$150.4K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$16.0K $7.50/SF
− Vacancy
−$96 −$0.05/SF
EGI
$15.9K $7.46/SF
− OpEx
−$2.4K −$1.12/SF
NOI
$13.5K $6.34/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,700
Cap Rate 7%
$193,357
Cap Rate 9%
$150,389
Alternative Uses
Best Use
Warehouse
$193.4K
$169.2K – $225.6K
NOI $13,535 @ 7.0% cap · market cap 5.21%
Second Best
Flex RnD
$188.7K
$165.1K – $220.1K
NOI $13,206 @ 7.0% cap · market cap 5.08%
Theoretical Best
Multifamily LT 5
$508.1K
$444.6K – $592.8K
NOI $35,565 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02896, RI
11,154
Population
4,759
Households
2.3
Avg Household Size
48
Median Age
34%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
485
Density / Sq Mi
$109,436
Median Household Income
$57,420
Median Earnings
$1,282
Median Rent
$423,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Stewart's Catering — 148 Main St, Blackstone, MA 01504
Frequently Asked Questions
What type of property is this?
Flex space - A separate office area and on-site parking complement the covered loading facility.
Where is this flex space located?
The property is located at 1 Tupperware Dr Unit 3 North Smithfield, RI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,136 SF of flexible commercial space; Covered loading dock; Separate office area
