Subdividable Office
For Sale
Contact for pricing
2155 Diamond Hill Rd, Cumberland, RI 02864
Well-maintained office building offering easy on/off access to I-295 and potential subdivision into two suites.
Property Size2,520 SF
Price / SF$0.01
Days on Market323
Property Features for 2155 Diamond Hill Rd
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Commercial
Lease Type
Gross
Additional Details
Highway Access
Yes
Building Details
Building Size
2,520 SF
Year Built
2008
Listing Agency:
Coldwell Banker Realty - Franklin
(508) 541-6200
Listed By:
Anna Foncellino
(401) 487-6001
Source:
Churchillprop
Added: Dec 6, 2025
Changed: Oct 6
Last Checked: Oct 24 at 3:06PM
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 Coldwell Banker Realty - Franklin
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Investment Insights
Based on property information with market context.
This well-maintained office building totals 2,520 square feet and can be subdivided into two separate suites. Each suite is approximately 1,260 square feet, providing flexibility for multiple tenants or phased occupancy.
The property is described as having easy on/off access to I-295, supporting convenient transportation for staff and visitors.
The building’s configuration and size make it suitable for office users seeking a smaller suite layout while keeping the option to lease or own the space in two distinct parts.
The property is described as having easy on/off access to I-295, supporting convenient transportation for staff and visitors.
The building’s configuration and size make it suitable for office users seeking a smaller suite layout while keeping the option to lease or own the space in two distinct parts.
Key Highlights
- Well‑maintained office building built in 2008
- Approximately 2,520 SF total office space
- Can be subdivided into 2 suites with about 1,260 SF each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,573
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,460
$651.5K
Cap Rate 7%
$465,329
$465.3K
Cap Rate 9%
$361,922
$361.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$50.5K $20.04/SF
− Vacancy
−$7.1K −$2.81/SF
EGI
$43.4K $17.23/SF
− OpEx
−$10.9K −$4.31/SF
NOI
$32.6K $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%
$651,460
Cap Rate 7%
$465,329
Cap Rate 9%
$361,922
Alternative Uses
Best Use
Office B
$465.3K
$407.2K – $542.9K
NOI $32,573 @ 7.0% cap · market cap 171,436.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$599.4K
$524.5K – $699.3K
NOI $41,959 @ 7.0% cap · market cap 220,836.84%
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
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building offering easy on/off access to I-295 and potential subdivision into two suites.
Where is this office building located?
The property is located at 2155 Diamond Hill Rd Cumberland, RI.
What are key features of this property?
This property features: Well‑maintained office building built in 2008; Approximately 2,520 SF total office space; Can be subdivided into 2 suites with about 1,260 SF each
