Flex Space with Open
For Sale
$399,000
150 George Washington Highway 4, Smithfield, RI 02917
Commercial units offer heated, air-conditioned interiors with private half baths.
Property Size1,250 SF
Price / SF$319.20
Days on Market85
Property Features for 150 George Washington Highway 4
General Information
Standard status
Active
Size
1,250 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Listing Agency:
J. Christopher Real Estate Grp
Listed By:
The Jarrod Lewis Group
(401) 830-6906
Source:
Alpernandmesenbourg
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 1:55PM
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 J. Christopher Real Estate Grp
Investment Insights
Based on property information with market context.
Mowry Hill Commons is a commercial condominium development currently under construction in Smithfield, Rhode Island. Each unit is planned with approximately 1,250 square feet of heated and air-conditioned interior space, a private half bath, and an open-concept configuration. The property is designed for retail, office, contractor, showroom, trade, and service-based business uses.
The development is located just off Routes 116 and 7, with access to I-295 and I-95. Restaurants, shopping, fuel stations, and hotels are identified nearby, with regional access extending to Massachusetts and Connecticut. Anticipated completion is October 2026. Interior and exterior images represent architectural renderings of the proposed project and may change.
The development is located just off Routes 116 and 7, with access to I-295 and I-95. Restaurants, shopping, fuel stations, and hotels are identified nearby, with regional access extending to Massachusetts and Connecticut. Anticipated completion is October 2026. Interior and exterior images represent architectural renderings of the proposed project and may change.
Key Highlights
- Approximately 1,250 square feet per commercial condominium unit
- Heated and air‑conditioned interiors with open‑concept layouts
- Private half bath included in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,157
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,140
$323.1K
Cap Rate 7%
$230,814
$230.8K
Cap Rate 9%
$179,522
$179.5K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$25.1K $20.04/SF
− Vacancy
−$3.5K −$2.81/SF
EGI
$21.5K $17.23/SF
− OpEx
−$5.4K −$4.31/SF
NOI
$16.2K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,140
Cap Rate 7%
$230,814
Cap Rate 9%
$179,522
Alternative Uses
Best Use
Office B
$230.8K
$202.0K – $269.3K
NOI $16,157 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$201.6K
$176.4K – $235.2K
NOI $14,112 @ 7.0% cap · market cap 3.54%
Theoretical Best
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02917, RI
14,738
Population
5,119
Households
2.9
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
689
Density / Sq Mi
$106,772
Median Household Income
$44,229
Median Earnings
$988
Median Rent
$416,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial units offer heated, air-conditioned interiors with private half baths.
Where is this flex space located?
The property is located at 150 George Washington Highway 4 Smithfield, RI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 1,250 square feet per commercial condominium unit; Heated and air‑conditioned interiors with open‑concept layouts; Private half bath included in each unit
