Updated Brick Office
For Sale
$480,000
1155 Newport Avenue, Pawtucket, RI 02861
Commercial/Business,Commercial Sale, Pawtucket, RI
Property Size2,076 SF
Lot Size0.14 Acres
Price / SF$231.21
Days on Market48
Property Features for 1155 Newport Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
7
Security features
Security
Interior features
Ceiling Height (7 to 9 Ft)
Subdivision
Newport Ave.
Lot features
Corner Lot, Paved, Sidewalks, Urban
Standard status
Active
Size
2,076 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8907
Utilities
Cooling system
Central Air
Building Details
Year built
1970
Number of units
1
Building materials
Brick
Listing Agency:
Bhhs Commonwealth Real Estate · Berkshire Hathaway HomeServices
(401) 886-6100
Listed By:
Allen Gammons · License #REB.0015256
(401) 742-6050
Added: Sep 1
Changed: Oct 9
Last Checked: Oct 18 at 8:06AM
MLS# 1422171
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.
Built in 1970, this 2,076-square-foot brick office property occupies a 0.14-acre parcel and includes several private offices, an expanded reception area, and a dedicated waiting room. Interior features include a lower-level conference room, two break or kitchen areas, central air, and ceiling heights ranging from 7 to 9 feet. Parking is available on the property.
The building is located at 1155 Newport Avenue in Pawtucket, with bus service nearby and the Pawtucket train station in the surrounding area. The property is approximately 1.5 miles from Route 95. A current tenant has a two-year lease and has indicated a willingness to relocate if an owner-user purchaser plans to occupy the building.
The building is located at 1155 Newport Avenue in Pawtucket, with bus service nearby and the Pawtucket train station in the surrounding area. The property is approximately 1.5 miles from Route 95. A current tenant has a two-year lease and has indicated a willingness to relocate if an owner-user purchaser plans to occupy the building.
Key Highlights
- 2,076 SF brick office building on a 0.14‑acre parcel
- Several private offices with expanded reception and waiting areas
- Lower‑level conference room and two break or kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,834
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,680
$536.7K
Cap Rate 7%
$383,343
$383.3K
Cap Rate 9%
$298,156
$298.2K
Market Conditions
NOI Build-Up for 2,076 SF
Gross rent
$41.6K $20.04/SF
− Vacancy
−$5.8K −$2.81/SF
EGI
$35.8K $17.23/SF
− OpEx
−$8.9K −$4.31/SF
NOI
$26.8K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,680
Cap Rate 7%
$383,343
Cap Rate 9%
$298,156
Alternative Uses
Best Use
Office B
$383.3K
$335.4K – $447.2K
NOI $26,834 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$493.8K
$432.1K – $576.1K
NOI $34,566 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Brick construction, private offices, reception and waiting areas, dual break kitchens, and central air support an owner-user layout.
Where is this office building located?
The property is located at 1155 Newport Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,076 SF brick office building on a 0.14‑acre parcel; Several private offices with expanded reception and waiting areas; Lower‑level conference room and two break or kitchen areas
