Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Flex Condominium Units Title is generated by Realmo AI

    150 George Washington Highway UNIT 1-6, Smithfield, RI 02917

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Newly constructed flex condo units offer heated, air-conditioned space with flexible open layouts and private half baths.

    Type:Industrial, Office, Retail, Special Purpose
    Property size:
    1,250 SF
    Price / SF:
    $319/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 3:21 am

    Property Features for 150 George Washington Highway UNIT 1-6

    General Information

    Standard status
    Active
    Size
    1,250 SF
    Property subtype
    Industrial, Office, Retail, Special Purpose

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Jarrod Lewis

    Listing agent Jarrod Lewis

    Listing office J. Christopher Real Estate Grp

    Listing date Jun 2, 2026

    Source Crexi

    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

    HighLights

    • Newly constructed commercial condominium units (2026) with flexible open‑concept layouts
    • Approximately 1,250 sq ft of heated, air‑conditioned space per unit plus a private half bath
    • Suitable for a variety of business uses, including retail, office, contractor, showroom, trade, and service‑based operations
    • Located just off Routes 116 and 7 with access to major highways including I‑295 and I‑95
    • Construction is currently underway with anticipated completion in October 2026

    Overview

    Mowry Hill Commons presents newly constructed commercial condominium units suited for a range of business uses. Each unit is designed with approximately 1,250 square feet of heated and air-conditioned space, includes a private half bath, and features a flexible open-concept layout. The interior configuration is intended to support a variety of formats, including retail, office, contractor, showroom, trade, and service-based operations.

    The development is located just off Routes 116 and 7, offering visibility and accessibility with convenient regional connections. It sits near restaurants, shopping, fuel stations, hotels, and major highways including I-295 and I-95, providing straightforward access to both Massachusetts and Connecticut. Construction is currently underway, with anticipated completion in October 2026, and tax assessments have not yet been established. Available imagery reflects architectural renderings of the proposed development and may change.

    For tenants, buyers, or operators, the mix of flexible layout and dedicated half bath supports a practical range of everyday commercial needs, from client-facing showrooms to service and office functions. With condominium ownership, the units are positioned for businesses looking to secure a new, configurable space timed to the project’s 2026 completion.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5308971
    Latitude
    41.9129974

    Nearby Similar for Sale

    • $649,900
      3,580 SF

      Smithfield Mixed-Use Investment Opportunity

      Mixed-use building in Smithfield with versatile floor plan.
      2 Douglas Pike, Smithfield, RI 02917
      View Details
    • $19
      550 SF

      Commercial Space on High-Traffic Road

      Well-maintained commercial space with high visibility and recent updates.
      373 Farnum Pike, Smithfield, RI 02917
      View Details
    • $1,200
      1,000 SF

      Smithfield Commercial Property For Sale

      Industrial space with warehouse and office near highways.
      3 Industrial Drive, Smithfield, RI 02917
      View Details
    • $399,999
      1,879 SF

      Two-Family Residential Income Property

      Two-family home on a double lot with an additional included lot, offering straightforward owner-occupant or rental use.
      253 Waterman Avenue, Smithfield, RI 02917
      View Details
    • $699,000
      3,608 SF

      Smithfield Restaurant and Bar Opportunity

      Well-established, newly renovated restaurant and bar in Smithfield, Rhode Island.
      294 Waterman Avenue, Smithfield, RI 02917
      View Details
    • $899,900
      5,880 SF

      Restaurant Ready Commercial Space

      Turn-key restaurant opportunity in a sought-after dining district.
      332 Farnum Pike, Smithfield, RI 02917
      View Details
    • $4,350
      3,250 SF

      Flex Warehouse with Office

      Two garage door bays combine open warehouse space with a finished second-level office and dedicated parking.
      47 Cedar Swamp Road, Smithfield, RI 02917
      View Details
    • $899,900
      5,880 SF

      Restaurant Opportunity in Smithfield, RI

      Turn-key restaurant space with high capacity and outdoor dining.
      332 Farnum, Smithfield, RI 02917
      View Details
    • $649,900
      2,500 SF

      Smithfield Mixed-Use Investment Opportunity

      2,500+ sq. ft. mixed-use building in prime Lakeside location.
      2 Douglas Pike, Smithfield, RI 02917
      View Details
    • $649,900
      3,580 SF

      Smithfield Mixed-Use Investment Opportunity

      2,500+ sq. ft. mixed-use building in prime Lakeside location.
      2 Douglas, Smithfield, RI 02917
      View Details
    • $425,000
      1,250 SF

      New Construction Retail/Flex Condo Units

      Modern 1250 SF commercial condos for sale, versatile spaces.
      150 George Washington #13R, Smithfield, RI 02917
      View Details
    • $699,000
      3,608 SF

      Renovated Restaurant and Bar Opportunity

      Well-established, newly renovated restaurant and bar in a suburban setting.
      294 Waterman, Smithfield, RI 02917
      View Details

    FAQs

    What type of property is this?
    Flex space - Newly constructed flex condo units offer heated, air-conditioned space with flexible open layouts and private half baths.
    Where is this flex space located?
    The property is located at 150 George Washington Highway UNIT 1-6 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: Newly constructed commercial condominium units (2026) with flexible open‑concept layouts; Approximately 1,250 sq ft of heated, air‑conditioned space per unit plus a private half bath; Suitable for a variety of business uses, including retail, office, contractor, showroom, trade, and service‑based operations
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jarrod Lewis
    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

    Thank You for Inquiry
    150 George Washington Highway UNIT 1-6, Smithfield, RI 02917
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!