1196 Smith, Providence, RI 02908
Versatile commercial space suitable for office or residential conversion.
- Added:
- Jan 29, 2026
- Days on Market:
- 133
- Last Refresh:
- Apr 5 at 9:18 pm
Property Features for 1196 Smith
General Information
- Standard status
- Active
- Size
- 1,313 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agent PAUL HARRISON License #RES.0042365
Listing office RE/MAX PROPERTIES (401) 232-3900
Listing date Jan 29, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PROPERTIES
HighLights
- Versatile commercial property suitable for professional, medical, or general office use
- Potential for residential conversion
- Equipped with plumbing in each treatment room
- Newer roof provides peace of mind
- Heating system is only three years old
- Solid construction and excellent adaptability
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4512
- Latitude
- 41.8455
