Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1445 Wampanoag Trl #205&207 East Providence, RI 2915

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Professional office space available for sale or lease.

    Type:Commercial
    Property size:
    2,652 SF
    Added:
    Apr 29, 2025
    Days on Market:
    366
    Last Refresh:
    Apr 6 at 3:14 am

    Property Features for 1445 Wampanoag Trl #205&207

    General Information

    Standard status
    Active
    Size
    2,652 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Michael Alves
    Michael Alves

    Listing agent Michael Alves License #REC.0016995

    Listing office HomeSmart Professionals Real Estate

    Listing date Apr 29, 2025

    Source Corcoran

    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 HomeSmart Professionals Real Estate

    Overview

    East Bay Office Park Opportunity

    Located in East Bay Office Park, this property offers approximately 2,652 square feet of professional office space. The space is suitable for businesses seeking a convenient and well-maintained location. It features modern amenities, flexible layouts, and ample parking. The property also provides easy access to major routes. Positioned in a thriving business hub, East Bay Office Park combines functionality and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joyce Alves, DO Pediatrician James Schwartz, MD Pediatrician Monissa Solberg, MD Physician Riverside Family Dental Dental Office Applebaum Dental Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.328
    Latitude
    41.7752

    Nearby Similar for Sale

    • $850,000

      Mixed-Use Property in East Providence

      Impeccably maintained mixed-use property with strong income potential.
      2919 Pawtucket Avenue, East Providence, RI 02915
      View Details
    • $875,000

      Rumford Two-Family Home with Barn

      Historic two-family in Rumford with versatile living spaces.
      75 Greenwood Avenue, East Providence, RI 02916
      View Details
    • $995,000

      Versatile Multi-Level Commercial Building

      Multi-level commercial building in high-traffic area with flexible space.
      577 Warren Avenue, East Providence, RI 02914
      View Details
    • $1,850,000

      Riverside Restaurant with Development Potential

      Thriving restaurant on a large lot with redevelopment possibilities.
      376 Bullocks Point Avenue, East Providence, RI 02915
      View Details
    • $25

      Updated Office Space For Sale

      Turn-key office space with versatile layout and convenient location.
      400 Massasoit Avenue unit: 307&308, East Providence, RI 02914
      View Details
    • $199,000

      East Providence Corner Office Space

      Turnkey office space in a convenient East Providence location.
      400 Massasoit Avenue unit: 307&308, East Providence, RI 02914
      View Details
    • $519,900

      East Providence Move-in Ready Duplex

      Well-maintained duplex in desirable location, ideal for owner-occupants or investors.
      85 Williams Avenue, East Providence, RI 02914
      View Details
    • $995,000
      8,000 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren Avenue, East Providence, RI 02914
      View Details
    • $499,900
      2,100 SF

      East Providence Commercial Building For Sale

      2,100 sq. ft. commercial building in Taunton Avenue Business District.
      47 John Street, East Providence, RI 02914
      View Details
    • $445,000

      East Providence Restaurant Opportunity

      Restaurant and property for sale in East Providence.
      95 Warren Avenue, East Providence, RI 02914
      View Details
    • $129,900
      437 SF

      Move-in Ready Office Condominium

      Efficient 437 SF office condo with flexible layout.
      250 Wampanoag Trail #306, East Providence, RI 02915
      View Details
    • $995,000
      22,600 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren, East Providence, RI 02914
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space available for sale or lease.
    Where is this office units located?
    The property is located at 1445 Wampanoag Trl #205&207 East Providence, RI.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Substantial Price Reduction: Now offered at $299,000, reduced from $318,000.; Spacious Office Space: Features 2,652± SF of professional office space.; Lease Option Available: Providing flexibility for potential buyers.
    (401) 921-5011
    We can help!
    Listing Contact
    Michael Alves
    Michael Alves
    Real Estate License ID: REC.0016995
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!