Office/Industrial Flex Space
174 Georgia Ave Providence, RI 02905
174 Georgia Ave, Providence, RI, 02905
$450,000
For Sale
$450,000
3,952 SF office/industrial space in established Providence corridor.
Property Size3,952 SF
Price / SF$113.87
Days on Market88
Property Features for 174 Georgia Ave
General Information
- Standard status
- Active
- Size
- 3,952 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
REMAX Revolution
(401) 523-9555
Listed by
Michael Alves · License #REC.0016995
(401) 523-9555
Source
Liongatere
Added: Apr 25 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:08AM
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 REMAX Revolution
Investment Insights
Based on property information with market context.
This 3,952 square foot office/industrial space is suitable for office, light industrial, contractor, or service use. It is located in an established industrial corridor of Providence, with convenient access to I-95, I-195, and Route 10. On-site parking is available. This property presents an ideal opportunity for an owner-user or investor.
Key Highlights
- 3,952 SF office / industrial space suitable for various uses.
- Convenient access to I‑95, I‑195 & Route 10.
- Located in established Providence industrial corridor.
Local Financial Insights For Industrial
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 | $59.3k | $15.00 |
| − Vacancy | −$3.4k | −$0.87 |
| EGI | $55.8k | $14.13 |
| − OpEx | −$16.8k | −$4.24 |
| NOI | $39.1k | $9.89 |
3,952 SF · lease $15.00/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$966.1K
$845.3K – $1.13M
NOI $67,624 @ 7.0% cap · market cap 15.03%
Second Best
Flex RnD
$757.6K
$662.9K – $883.9K
NOI $53,035 @ 7.0% cap · market cap 11.79%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,551 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Caplock LLC
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Personal Chef Sophie — Providence, RI 02905
- Fire Works Catering — 840 Allens Ave, Providence, RI 02905
FAQs
What type of property is this?
Flex space - 3,952 SF office/industrial space in established Providence corridor.
Where is this flex space located?
The property is located at 174 Georgia Ave Providence, RI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,952 SF office / industrial space suitable for various uses.; Convenient access to I‑95, I‑195 & Route 10.; Located in established Providence industrial corridor.
