Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Shared Office Space in Providence Title is generated by Realmo AI

    1515 Smith #J, North Providence, RI 02911

    View on Map
    Claim this Listing
    For Lease
    $1,000/Mo $58 SF/Yr (calc)

    Prime shared office space for lease in North Providence.

    Type:Commercial
    Property size:
    204 SF
    Added:
    Nov 9, 2025
    Days on Market:
    202
    Last Refresh:
    Apr 1 at 8:58 pm

    Property Features for 1515 Smith #J

    General Information

    Standard status
    Active
    Size
    204 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    BETTIE-JEAN THOMPSON

    Listing agent BETTIE-JEAN THOMPSON

    Listing office RIGHT MOVE RI, LLC

    Listing date Nov 9, 2025

    Source Corcoran

    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 RIGHT MOVE RI, LLC

    HighLights

    • Prime location with excellent visibility and accessibility
    • All utilities and internet included in the lease
    • Shared common areas include a welcoming reception area, two conference rooms, and an eat‑in kitchenette
    • Ample on‑site parking and a bus stop directly in front of the building
    • ADA‑compliant building with accessible restroom
    • Alarmed security system for peace of mind

    Overview

    Located at 1515 Smith Street, Unit J, North Providence, RI 02911, this shared office space offers a prime location in a high-traffic area with ample parking. The property features a total shared suite of 984 square feet, designed for comfort, efficiency, and collaboration. Two private offices are available: Office 1 is 114 square feet and Office 2 is 90 square feet. Shared common areas include a welcoming reception area, two conference rooms, and an eat-in kitchenette with a refrigerator, coffee bar, and countertop seating. The building is fully ADA-compliant and includes an accessible restroom and an alarmed security system. Internet and all utilities are included in the lease. Ample on-site parking is available, and a bus stop is conveniently located directly in front of the building. This space is suitable for attorneys, accountants, bookkeepers, insurance agents, financial advisors, consultants, or nonprofit organizations seeking a collaborative environment.
    Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4602475
    Latitude
    41.8498593

    Nearby Similar for Lease

    • $1,000/Mo
      984 SF

      North Providence Private Office Space

      Move-in ready office space with utilities included near Providence.
      1515 Smith Street #J, North Providence, RI 02911
      View Details
    • $3,500/Mo
      1,800 SF

      Prime North Providence Commercial Space

      Highly visible commercial space suitable for retail, office, or medical use.
      1531 Mineral Spring Avenue, North Providence, RI 02904
      View Details
    • $3,500/Mo
      1,800 SF

      Prime North Providence Commercial Space

      Highly visible commercial space suitable for retail, office, or medical use.
      1531 Mineral Spring, North Providence, RI 02904
      View Details
    • $3,000/Mo
      1,800 SF

      High-Traffic Commercial Space Available

      Versatile 1800 SF commercial space in North Providence.
      1410 Mineral Spring #1, North Providence, RI 02904
      View Details
    • $1,500/Mo
      1,800 SF

      High-Traffic Commercial Space Available

      Flexible commercial space in a high-traffic location.
      1410 Mineral Spring Avenue #1A, North Providence, RI 02904
      View Details
    • $31 SF/Yr
      1,068 SF

      Retail Space For Rent

      Retail space available for lease.
      468 Smithfield Rd, North Providence, RI 02904
      View Details
    • $1,500/Mo
      1,000 SF

      High-Traffic Commercial Space Available

      Versatile commercial space in a high-traffic location.
      1410 Mineral Spring #1A, North Providence, RI 02904
      View Details
    • $3,500/Mo

      Mixed-Use Property with On-Site Residency

      Commercial space with living quarters in a high-traffic location.
      1441 Mineral Spring Avenue, North Providence, RI 02904
      View Details
    • $1,800/Mo
      1,000 SF

      High-Traffic Retail/Office Space Available

      Commercial space in high-traffic location with flexible layout.
      1410 Mineral Spring #4, North Providence, RI 02904
      View Details
    • $16 SF/Yr
      3,000 SF

      Modern Showroom/Office Space Available

      3,000 SF showroom/office space with modern interiors and ample parking.
      1401 Douglas Ave, North Providence, RI
      View Details
    • $31 SF/Yr
      1,068 SF

      Retail Space in North Providence

      1,068 SF NNN retail space available for lease.
      468 Smithfield, North Providence, RI 02904
      View Details
    • $31 SF/Yr
      1,068 SF

      Retail Space Available For Rent

      Retail space available for lease, 1,068 square feet.
      468 Smithfield Rd, North Providence, RI 02904
      View Details

    FAQs

    What type of property is this?
    Coworking space - Prime shared office space for lease in North Providence.
    Where is this coworking space located?
    The property is located at 1515 Smith #J North Providence, RI.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Prime location with excellent visibility and accessibility; All utilities and internet included in the lease; Shared common areas include a welcoming reception area, two conference rooms, and an eat‑in kitchenette
    (401) 499-8863
    We can help!
    Listing Contact
    BETTIE-JEAN THOMPSON
    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
    1515 Smith #J, North Providence, RI 02911
    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!