700 School Street 2 Pawtucket Pawtucket, RI 02860
Tenant-occupied office space with Class A buildout and long-term lease.
- Added:
- May 15, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 28 at 8:37 pm
Property Features for 700 School Street 2 Pawtucket
General Information
- Standard status
- Active
- Size
- 7,920 SF
Building Details
- Year Built
- 2008
Listing office (508) 501-1443
Listing date May 15, 2026
Source Milestonerealtyinc
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 Crystal Silva
Investment Insights
Based on property information with market context.
Key Highlights
- High capitalization rate (nearly 10 cap)
- Stable, long‑term tenant (JBD/JGA architectural firm) with 4 years remaining on the lease
- Class A buildout and well‑maintained space
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 | $158.7k | $20.04 |
| − Vacancy | −$22.2k | −$2.81 |
| EGI | $136.5k | $17.23 |
| − OpEx | −$34.1k | −$4.31 |
| NOI | $102.4k | $12.93 |
