Flex Space with Open
150 George Washington Highway #1, Smithfield, RI 02917
For Sale
$399,000
Each commercial condominium offers climate-controlled space and a private half bath.
Property Size1,250 SF
Price / SF$319.20
Days on Market160
Property Features for 150 George Washington Highway #1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Highway Access
Property Use
Amenities
Private half bath
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
J. Christopher Real Estate Grp
Listed By:
The Jarrod Lewis Group
(401) 830-6906
Source:
Berettarealty
Added: Jun 1
Changed: Nov 4
Last Checked: Nov 7 at 5:17AM
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
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Investment Insights
Based on property information with market context.
These commercial condominium units are planned with open interiors, heating and air conditioning, and a private half bath in each space. The flexible floor plan supports a range of business uses, including retail, office, showroom, contractor, trade, and service operations. The property is zoned EGO, and construction is underway with completion anticipated in October 2026.
The development sits just off Routes 116 and 7, with access to I-295 and I-95. Restaurants, shops, fuel stations, and hotels are nearby, and the location provides access to Massachusetts and Connecticut.
The development sits just off Routes 116 and 7, with access to I-295 and I-95. Restaurants, shops, fuel stations, and hotels are nearby, and the location provides access to Massachusetts and Connecticut.
Key Highlights
- Approximately 1,250 square feet per unit
- Open‑concept layout with heating and air conditioning
- Private half bath in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,112
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,240
$282.2K
Cap Rate 7%
$201,600
$201.6K
Cap Rate 9%
$156,800
$156.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$22.5K $18.00/SF
− Vacancy
−$2.3K −$1.87/SF
EGI
$20.2K $16.13/SF
− OpEx
−$6.0K −$4.84/SF
NOI
$14.1K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,240
Cap Rate 7%
$201,600
Cap Rate 9%
$156,800
Alternative Uses
Best Use
Retail
$201.6K
$176.4K – $235.2K
NOI $14,112 @ 7.0% cap · market cap 3.54%
Second Best
Flex RnD
$110.4K
$96.6K – $128.8K
NOI $7,728 @ 7.0% cap · market cap 1.94%
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.
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Open Analytics
Current Use
Lease Details
Yes
Highway 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
$416,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Smithfield, RI
Properties on Market for Flex space in Smithfield
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Each commercial condominium offers climate-controlled space and a private half bath.
Where is this flex space located?
The property is located at 150 George Washington Highway #1 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 unit; Open‑concept layout with heating and air conditioning; Private half bath in each unit
