Commercial Condominium Flex
150 George Washington Highway Unit 10 Smithfield, RI 02917
150 George Washington Highway Unit 10, Smithfield, RI, 02917
$350,000
For Sale
$350,000
Newly constructed flex condominium with heated, air-conditioned open layout and private half bath suited to multiple business uses.
Property Size1,250 SF
Price / SF$280
Days on Market57
Property Features for 150 George Washington Highway Unit 10
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2026
Listing Agency
J. Christopher Real Estate Grp
(401) 830-6906
Listed by
The Jarrod Lewis Group
(401) 830-6906
Source
Xome
Added: May 23 Checked: Jul 9 at 7:34 am
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 presents newly constructed commercial condominium units designed to accommodate a range of business needs. Unit 10 includes approximately 1,250 square feet of heated and air-conditioned space, a private half bath, and a flexible open-concept layout that can support retail, office, contractor, showroom, trade, and service-based operations. Interior and exterior visuals provided to date are architectural renderings and may change as construction progresses.
The development is located just off Routes 116 and 7, positioned for visibility and convenient access. The area offers proximity to restaurants, shopping, fuel stations, and hotels, with straightforward connectivity to major highways including I-295 and I-95. Access to both Massachusetts and Connecticut is described as convenient via the surrounding highway network.
For buyers and operators seeking adaptable commercial space, these condominium units offer a straightforward baseline for customizing the interior for day-to-day business use. Construction is currently underway with anticipated completion in October 2026, and tax assessments have not yet been established. For details on availability, pricing, and floor plans for Unit 10, contact the listing team for complete project information.
The development is located just off Routes 116 and 7, positioned for visibility and convenient access. The area offers proximity to restaurants, shopping, fuel stations, and hotels, with straightforward connectivity to major highways including I-295 and I-95. Access to both Massachusetts and Connecticut is described as convenient via the surrounding highway network.
For buyers and operators seeking adaptable commercial space, these condominium units offer a straightforward baseline for customizing the interior for day-to-day business use. Construction is currently underway with anticipated completion in October 2026, and tax assessments have not yet been established. For details on availability, pricing, and floor plans for Unit 10, contact the listing team for complete project information.
Key Highlights
- Newly constructed commercial condominium units with heated, air‑conditioned open‑concept layout
- Approximately 1,250 SF heated and air‑conditioned space per unit, plus a private half bath
- Flexible layout suited to retail, office, contractor, showroom, trade, and service‑based businesses
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 | $25.1k | $20.04 |
| − Vacancy | −$3.5k | −$2.81 |
| EGI | $21.5k | $17.23 |
| − OpEx | −$5.4k | −$4.31 |
| NOI | $16.2k | $12.93 |
1,250 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$230.8K
$202.0K – $269.3K
NOI $16,157 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$201.6K
$176.4K – $235.2K
NOI $14,112 @ 7.0% cap · market cap 4.03%
Theoretical Best
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Newly constructed flex condominium with heated, air-conditioned open layout and private half bath suited to multiple business uses.
Where is this flex space located?
The property is located at 150 George Washington Highway Unit 10 Smithfield, RI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Newly constructed commercial condominium units with heated, air‑conditioned open‑concept layout; Approximately 1,250 SF heated and air‑conditioned space per unit, plus a private half bath; Flexible layout suited to retail, office, contractor, showroom, trade, and service‑based businesses
