Office/Industrial Flex Space
For Sale
$450,000
174 Georgia Ave, Providence, RI 02905
3,952 SF office/industrial space in established Providence corridor.
Property Size3,952 SF
Price / SF$113.87
Days on Market100
Property Features for 174 Georgia Ave
General Information
Standard status
Active
Size
3,952 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
REMAX Revolution
(401) 523-9555
Listed By:
Michael Alves · License #REC.0016995
(401) 523-9555
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Aug 1 at 1:18PM
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 REMAX Revolution
Investment Insights
Based on property information with market context.
This 3,952 square foot office/industrial space is suitable for office, light industrial, contractor, or service use. It is located in an established industrial corridor of Providence, with convenient access to I-95, I-195, and Route 10. On-site parking is available. This property presents an ideal opportunity for an owner-user or investor.
Key Highlights
- 3,952 SF office / industrial space suitable for various uses.
- Convenient access to I‑95, I‑195 & Route 10.
- Located in established Providence industrial corridor.
Financial Insights For Industrial
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 | $59.3k | $15.00 |
| − Vacancy | −$3.4k | −$0.87 |
| EGI | $55.8k | $14.13 |
| − OpEx | −$16.8k | −$4.24 |
| NOI | $39.1k | $9.89 |
3,952 SF · lease $15.00/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$966.1K
$845.3K – $1.13M
NOI $67,624 @ 7.0% cap · market cap 15.03%
Second Best
Flex RnD
$757.6K
$662.9K – $883.9K
NOI $53,035 @ 7.0% cap · market cap 11.79%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,551 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Market
Vacancy Rate% for Office in Providence, RI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 3,952 SF office/industrial space in established Providence corridor.
Where is this flex space located?
The property is located at 174 Georgia Ave Providence, RI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,952 SF office / industrial space suitable for various uses.; Convenient access to I‑95, I‑195 & Route 10.; Located in established Providence industrial corridor.
