Adaptable Commercial Property For
1196 Smith Providence, RI 02908
1196 Smith, Providence, RI, 02908
$299,900
For Sale
$299,900
Versatile commercial space suitable for office or residential conversion.
Property Size1,313 SF
Price / SF$228.41
Days on Market169
Property Features for 1196 Smith
General Information
- Standard status
- Active
- Size
- 1,313 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency
RE/MAX PROPERTIES
(401) 232-3900
Listed by
PAUL HARRISON · License #RES.0042365
Source
Corcoran
Added: Jan 29 Checked: Jul 16 at 6:02 am
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 RE/MAX PROPERTIES
Investment Insights
Based on property information with market context.
This versatile commercial property is suitable for professional, medical, or general office use. It can also be converted into a residential dwelling. Formerly a dental office, the space includes plumbing in each treatment room. The layout is functional and ready for immediate occupancy or easy reconfiguration. The building features a newer roof and a heating system that is three years old. The property offers solid construction and excellent adaptability. It is suitable for investors, business owners, or developers seeking a commercial space with residential conversion potential. The property size is 1313 square feet. The property is sold as is.
Key Highlights
- Versatile commercial property suitable for professional, medical, or general office use
- Potential for residential conversion
- Equipped with plumbing in each treatment room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $27.00 |
| − Vacancy | −$5.5k | −$4.19 |
| EGI | $30.0k | $22.81 |
| − OpEx | −$7.5k | −$5.70 |
| NOI | $22.5k | $17.11 |
1,313 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$321.0K
$280.8K – $374.5K
NOI $22,467 @ 7.0% cap · market cap 7.49%
Second Best
Healthcare Medical
$298.3K
$261.0K – $348.1K
NOI $20,883 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$439.3K
$384.4K – $512.5K
NOI $30,749 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Atwill Michael DDS
Dental Office
Atwill-Conroy Dental Providence
Dental Office
Haggarty Kristofer DDS
Dental Office
Atwill Conroy Dental ...
Dental Office
Conroy William DDS
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Versatile commercial space suitable for office or residential conversion.
Where is this medical office space located?
The property is located at 1196 Smith Providence, RI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Versatile commercial property suitable for professional, medical, or general office use; Potential for residential conversion; Equipped with plumbing in each treatment room
