Corner Retail Suite with Dual
New
For Sale
Contact for pricing
1235 Wampanoag Trl, East Providence, RI 02915
An open-plan suite in a multi-tenant plaza offers flexible space for retail or office use.
Property Size3,200 SF
Price / SF$0.01
Days on Market5
Property Features for 1235 Wampanoag Trl
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty - Franklin
(508) 541-6200
Listed By:
Anna Foncellino
(401) 487-6001
Source:
Lockandkeyre
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 6:37AM
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 Coldwell Banker Realty - Franklin
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Investment Insights
Based on property information with market context.
Located within a multi-tenant plaza, this 3,200-square-foot retail suite has an open layout and two entrances. The building dates to 1990, and the space was previously used as a dance studio.
The property is on Wampanoag Trail in East Providence, with access to I-195 and a short drive to downtown Providence. The plaza also provides ample parking.
The property is on Wampanoag Trail in East Providence, with access to I-195 and a short drive to downtown Providence. The plaza also provides ample parking.
Key Highlights
- 3,200‑square‑foot corner suite with two entrances
- Open layout in a multi‑tenant plaza
- Ample parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,127
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,540
$722.5K
Cap Rate 7%
$516,100
$516.1K
Cap Rate 9%
$401,411
$401.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$6.0K −$1.87/SF
EGI
$51.6K $16.13/SF
− OpEx
−$15.5K −$4.84/SF
NOI
$36.1K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,540
Cap Rate 7%
$516,100
Cap Rate 9%
$401,411
Alternative Uses
Best Use
Retail
$516.1K
$451.6K – $602.1K
NOI $36,127 @ 7.0% cap · market cap 200,705.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$761.2K
$666.0K – $888.0K
NOI $53,282 @ 7.0% cap · market cap 296,011.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 02915, RI
16,603
Population
7,746
Households
2.1
Avg Household Size
47
Median Age
36%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,019
Density / Sq Mi
$90,558
Median Household Income
$61,062
Median Earnings
$1,482
Median Rent
$317,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An open-plan suite in a multi-tenant plaza offers flexible space for retail or office use.
Where is this retail space located?
The property is located at 1235 Wampanoag Trl East Providence, RI.
What are key features of this property?
This property features: 3,200‑square‑foot corner suite with two entrances; Open layout in a multi‑tenant plaza; Ample parking on site
