First-Floor Medical Office
For Sale
$189,000
2138 Mendon Road 103b, Cumberland, RI 02864
Move-in ready first-floor medical suite within a fully occupied Class B medical building.
Property Size907 SF
Price / SF$208.38
Days on Market130
Property Features for 2138 Mendon Road 103b
General Information
Standard status
Active
Size
907 SF
Class
B
Total Parking Spaces
120
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Listing Agency:
Engel & Volkers Oceanside
Listed By:
Sam Baldelli Hunt
(401) 500-6065
Source:
Seaveyrealtyteam
Added: Jun 12
Changed: Oct 5
Last Checked: Oct 7 at 3:15PM
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 Engel & Volkers Oceanside
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Investment Insights
Based on property information with market context.
Suite 103B is a first-floor medical office suite offering move-in ready space within Cumberland Medical Center, a fully occupied Class B medical building. The suite is currently vacant and available for immediate occupancy.
The building is positioned along the high-traffic retail corridor of Mendon Road (Route 122) with direct access off I-295. Cumberland Medical Center also provides 120 surface parking spaces and easy ingress/egress.
A monthly association fee of approximately $397 covers water, sewer, and common area maintenance expenses.
The building is positioned along the high-traffic retail corridor of Mendon Road (Route 122) with direct access off I-295. Cumberland Medical Center also provides 120 surface parking spaces and easy ingress/egress.
A monthly association fee of approximately $397 covers water, sewer, and common area maintenance expenses.
Key Highlights
- Suite 103B is a first‑floor medical suite with 907 SF of move‑in ready space
- Located in Cumberland Medical Center, a fully occupied Class B medical building
- Suite is vacant and available for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,724
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,480
$234.5K
Cap Rate 7%
$167,486
$167.5K
Cap Rate 9%
$130,267
$130.3K
Market Conditions
NOI Build-Up for 907 SF
Gross rent
$18.2K $20.04/SF
− Vacancy
−$2.5K −$2.81/SF
EGI
$15.6K $17.23/SF
− OpEx
−$3.9K −$4.31/SF
NOI
$11.7K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,480
Cap Rate 7%
$167,486
Cap Rate 9%
$130,267
Alternative Uses
Best Use
Office B
$167.5K
$146.6K – $195.4K
NOI $11,724 @ 7.0% cap · market cap 6.20%
Second Best
Healthcare Medical
$125.6K
$109.9K – $146.5K
NOI $8,789 @ 7.0% cap · market cap 4.65%
Theoretical Best
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,102 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02864, RI
36,376
Population
14,735
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
26.5 sq mi
ZIP Area
1,373
Density / Sq Mi
$118,737
Median Household Income
$62,041
Median Earnings
$1,251
Median Rent
$394,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready first-floor medical suite within a fully occupied Class B medical building.
Where is this medical office space located?
The property is located at 2138 Mendon Road 103b Cumberland, RI.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Suite 103B is a first‑floor medical suite with 907 SF of move‑in ready space; Located in Cumberland Medical Center, a fully occupied Class B medical building; Suite is vacant and available for immediate occupancy
