Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East Providence Mixed-Use Property Title is generated by Realmo AI

    21-35 Agnes, East Providence, RI 02914

    View on Map
    Claim this Listing
    For Sale
    $2,500,000

    Large mixed-use property with office, retail, and residential potential.

    Type:Commercial
    Property size:
    22,000 SF
    Lot size:
    1.60 Acres
    Price / SF:
    $113/SF
    Added:
    Jan 27, 2026
    Days on Market:
    129
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 21-35 Agnes

    General Information

    Standard status
    Active
    Size
    22,000 SF
    Lot size
    1.60 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    David Arruda

    Listing agent David Arruda

    Listing office Arruda Realty Group, LLC

    Listing date Jan 27, 2026

    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 Arruda Realty Group, LLC

    HighLights

    • 1.6 acre property with 22,000 +/- total sq ft
    • 17,000 +/- sq ft main building suitable for office/retail use
    • Convenient location directly off Interstate 195
    • Two freestanding buildings (3000+/- sq ft and 1400+/- sq ft) with potential for residential use (with city approval)
    • Long term billboard lease included in sale
    • Ample parking area

    Overview

    This large 1.6-acre property, featuring over 22000 square feet of total space, is located off Interstate 195 in East Providence. The main building provides approximately 17,000 square feet suitable for office or retail use. The first level contains multiple units that can be adapted for office or retail purposes. The second floor features a large, open floor plan ready for customization. Additionally, the property includes two freestanding buildings: a two-story building with approximately 3000 square feet and a single-story, approximately 1400-square-foot converted garage. These buildings have the potential for residential use, subject to city approval. The sale includes a long-term billboard lease. Ample parking is available for all units. The property is being sold in as-is condition and is subject to any outstanding violations.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3691
    Latitude
    41.8152

    Nearby Similar for Sale

    • $850,000
      3,582 SF

      Mixed-Use Property in East Providence

      Impeccably maintained mixed-use property with strong income potential.
      2919 Pawtucket Avenue, East Providence, RI 02915
      View Details
    • $995,000
      9,400 SF

      Versatile Multi-Level Commercial Building

      Multi-level commercial building with high visibility in high-traffic area.
      577 Warren Avenue, East Providence, RI 02914
      View Details
    • $650,000
      2,321 SF

      East Providence Two-Family Home

      Inviting two-family home with water views and spacious rooms.
      680 Veterans Memorial Parkway, East Providence, RI 02914
      View Details
    • $625,000
      2,295 SF

      Two-Unit Residential Duplex

      Well-kept two-family with sun-filled interiors, fenced yard, off-street parking, and shared basement laundry.
      21 Washburn Avenue, East Providence, RI 02916
      View Details
    • $549,000
      1,638 SF

      East Providence Two-Family Home

      Well-maintained two-family home in desirable Rumford neighborhood.
      5 Nelson Street, East Providence, RI 02916
      View Details
    • $600,000
      1,976 SF

      East Providence Two-Family Home

      Two-family home on a double-wide corner lot.
      131 Roma Street, East Providence, RI 02914
      View Details
    • $450,000
      2,430 SF

      Unique Log Cabin Two-Family

      Two-family log cabin in Riverside near East Bay Bike Path.
      17 Padelford Avenue, East Providence, RI 02915
      View Details
    • $1,850,000

      Riverside Restaurant with Development Potential

      Thriving restaurant on a large lot with redevelopment possibilities.
      376 Bullocks Point Avenue, East Providence, RI 02915
      View Details
    • $500,000

      Riverside, RI Development Opportunity

      25,000 sq. ft. lot with development potential.
      376 Bullocks Point Avenue, East Providence, RI 02915
      View Details
    • $499,900
      2,312 SF

      East Providence Two-Family Home

      Well-maintained two-family home in desirable East Providence location.
      89 Hazelwood Avenue, East Providence, RI 02914
      View Details
    • $569,000
      4,446 SF

      Mixed-Use Building with Off-Street Parking

      Mixed-use property with retail space and a rented apartment, supported by off-street parking and quick highway access.
      68 Taunton, East Providence, RI 02914
      View Details
    • $995,000
      8,000 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren Avenue, East Providence, RI 02914
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Large mixed-use property with office, retail, and residential potential.
    Where is this mixed-use property located?
    The property is located at 21-35 Agnes East Providence, RI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 1.6 acre property with **22,000 +/- total sq ft**; **17,000 +/- sq ft main building suitable for office/retail use**; Convenient location directly off Interstate 195
    (508) 542-5400
    We can help!
    Listing Contact
    David Arruda
    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
    21-35 Agnes, East Providence, RI 02914
    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!