Flex Space with Open
150 George Washington Highway #7, Smithfield, RI 02917
For Sale
$350,000
A proposed commercial condo unit combines conditioned interiors, a private half bath, and an adaptable floor plan.
Property Size1,250 SF
Price / SF$280
Days on Market160
Property Features for 150 George Washington Highway #7
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex condominium unit at 150 George Washington Highway in Smithfield is planned with approximately 1,250 square feet of heated and air-conditioned space, a private half bath, and an open interior. Construction is underway, with completion anticipated in October 2026. The development’s interior and exterior images are renderings of the proposed project and may change. Zoning is EGO.
The property is just off Routes 116 and 7, with restaurants, shopping, fuel stations, and hotels nearby. I-295 and I-95 are also in the surrounding area, and the location offers access to Massachusetts and Connecticut.
The property is just off Routes 116 and 7, with restaurants, shopping, fuel stations, and hotels nearby. I-295 and I-95 are also in the surrounding area, and the location offers access to Massachusetts and Connecticut.
Key Highlights
- Approximately 1,250 square feet of heated and air‑conditioned space
- Private half bath and flexible open floor plan
- Zoned EGO
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,112
Cap Rate
4.03%
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 4.03%
Second Best
Flex RnD
$110.4K
$96.6K – $128.8K
NOI $7,728 @ 7.0% cap · market cap 2.21%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$416,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - A proposed commercial condo unit combines conditioned interiors, a private half bath, and an adaptable floor plan.
Where is this flex space located?
The property is located at 150 George Washington Highway #7 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: Approximately 1,250 square feet of heated and air‑conditioned space; Private half bath and flexible open floor plan; Zoned EGO
