Commercial Condominium Flex
For Sale
$350,000
150 George Washington Highway Unit 10, Smithfield, RI 02917
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 Market72
Property Features for 150 George Washington Highway Unit 10
General Information
Standard status
Active
Size
1,250 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
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
Changed: Jul 10
Last Checked: Jul 9 at 7:34AM
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
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 authorities.
Property Analytics
Property Profile
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 - 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
