First-Floor Medical Office
2138 Mendon Road Unit 103B Cumberland, RI 02864
2138 Mendon Road Unit 103B, Cumberland, RI, 02864
$209,000
For Sale
$209,000
Move-in ready first-floor medical suite within a fully occupied Class B medical building.
Property Size907 SF
Price / SF$230.43
Days on Market53
Property Features for 2138 Mendon Road Unit 103B
General Information
- Standard status
- Active
- Size
- 907 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2004
Listing agency
Engel & Volkers Oceanside
(401) 500-6065
Listed by
Sam Baldelli Hunt
(401) 500-6065
Source
Xome
Added: May 30 Updated: Jul 21 at 7:15AM Checked: Jul 21 at 7:15AM
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
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
Local Financial Insights For Office B
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 | $18.2k | $20.04 |
| − Vacancy | −$2.5k | −$2.81 |
| EGI | $15.6k | $17.23 |
| − OpEx | −$3.9k | −$4.31 |
| NOI | $11.7k | $12.93 |
907 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$167.5K
$146.6K – $195.4K
NOI $11,724 @ 7.0% cap · market cap 5.61%
Second Best
Healthcare Medical
$125.6K
$109.9K – $146.5K
NOI $8,789 @ 7.0% cap · market cap 4.21%
Theoretical Best
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,102 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
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 Unit 103B Cumberland, RI.
What is the asking price?
The asking price for this property is $209,000.
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
