Flex Space with Garage
For Sale
$169,900
230 North Main Street, Woonsocket, RI 02895
Woonsocket, RI
Property Size816 SF
Price / SF$208.21
Days on Market55
Property Features for 230 North Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
North Main Street
Standard status
Active
Building Details
Year built
1922
Listing Agency:
Engel & Volkers East Greenwich · Engel & Völkers
(401) 638-0010
Listed By:
The DiSpirito Team
(401) 244-8355
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 10 at 6:06PM
MLS# 1415734
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding flex property offers 816 SF with 10-foot ceilings and concrete floors. The front area contains a private office and waiting room; the rear has an open work area with garage bay access. A full bathroom with shower and gas heat are also included. The 1922 building sits on a site with approximately 2,000 SF of paved parking and is zoned MU-1.
Located on North Main Street in downtown Woonsocket, the property is near the Stadium Theatre, Museum of Work & Culture, and Chan’s. Landmark Medical Center is less than a mile away. Providence is 13 miles south, and Boston is 40 miles north. The property is in Flood Zone X.
Located on North Main Street in downtown Woonsocket, the property is near the Stadium Theatre, Museum of Work & Culture, and Chan’s. Landmark Medical Center is less than a mile away. Providence is 13 miles south, and Boston is 40 miles north. The property is in Flood Zone X.
Key Highlights
- 816 SF building with 10‑foot ceilings and concrete floors
- Rear garage bay access and an open work area
- Private front office, waiting room, and full bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,045
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,900
$100.9K
Cap Rate 7%
$72,071
$72.1K
Cap Rate 9%
$56,056
$56.1K
Market Conditions
NOI Build-Up for 816 SF
Gross rent
$8.1K $9.96/SF
− Vacancy
−$366 −$0.45/SF
EGI
$7.8K $9.51/SF
− OpEx
−$2.7K −$3.33/SF
NOI
$5.0K $6.18/SF
Area
Providence County, RI
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,900
Cap Rate 7%
$72,071
Cap Rate 9%
$56,056
Alternative Uses
Best Use
Flex RnD
$72.1K
$63.1K – $84.1K
NOI $5,045 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$60.8K
$53.2K – $71.0K
NOI $4,258 @ 7.0% cap · market cap 2.51%
Theoretical Best
Multifamily LT 5
$194.1K
$169.8K – $226.5K
NOI $13,587 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Every1sChef — 40 S Main St, Woonsocket, RI 02895
- Caribbean Delights — 40 S Main St, Woonsocket, RI 02895
- Sodexo — 108 High St, Woonsocket, RI 02895
- A Taste of Europe, LLC — 501 E School St, Woonsocket, RI 02895
Frequently Asked Questions
What type of property is this?
Flex space - A compact workspace combines a front office and waiting area with an open rear work zone and on-site parking.
Where is this flex space located?
The property is located at 230 North Main Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 816 SF building with 10‑foot ceilings and concrete floors; Rear garage bay access and an open work area; Private front office, waiting room, and full bathroom with shower
