Flex Space with Covered Loading
New
For Sale
$260,000
1 Tupperware Drive, North Smithfield, RI 02896
Commercial/Business,Commercial Sale, North Smithfield, RI
Property Size2,136 SF
Lot Size0.05 Acres
Price / SF$121.72
Days on Market2
Property Features for 1 Tupperware Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Ind
Parking
17
Interior features
Ceiling Height (7 to 9 Ft), Ceiling Height (15 to 17 Ft)
Subdivision
High Rocks
Lot features
Assoc. Fee, Paved, Wooded, Free Standing, Industrial Park, Office Park
Standard status
Active
Size
2,136 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
26
Tax Annual Amount
1264
HOA Fee
$226 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1960
Number of units
1
Building materials
Brick, Masonry
Listing Agency:
Mott & Chace Sotheby's Intl. · Sotheby's International Realty
(401) 789-8899
Listed By:
Mark Finne
(401) 541-5838
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 7:06PM
MLS# 1426036
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,136-square-foot flex space is a commercial condominium at 1 Tupperware Drive, Unit 3. The unit includes a designated office area and a covered loading dock. The property is zoned Ind and was built in 1960, with brick and masonry construction.
Natural gas heating and public sewer serve the property.
Natural gas heating and public sewer serve the property.
Key Highlights
- 2,136 square feet of flex space in a commercial condominium
- Covered loading dock
- Designated 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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 dedicated office area and sheltered loading access support administrative work alongside goods handling.
Where is this flex space located?
The property is located at 1 Tupperware Drive 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 square feet of flex space in a commercial condominium; Covered loading dock; Designated office area
