Two-Suite Office
For Sale
Contact for pricing
2343 Diamond Hill, Cumberland, RI 02864
Professional property with ample parking and convenient access to I-295 along high-traffic Route 114.
Property Size1,375 SF
Price / SF$0.01
Days on Market343
Property Features for 2343 Diamond Hill
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Building Size
1,375 SF
Listing Agency:
Coldwell Banker Realty - Franklin
(508) 541-6200
Listed By:
Anna Foncellino
(401) 487-6001
Source:
Churchillprop
Added: Nov 8, 2025
Changed: Oct 6
Last Checked: Oct 16 at 5:56AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building at 2343 Diamond Hill includes two suites and offers ample parking. The configuration is identified for legal, accounting, medical, chiropractic, consulting, and other professional uses.
The property is positioned on Diamond Hill Road, identified as Route 114, with convenient on-and-off access to I-295. The stated year built is 1196.
The property is positioned on Diamond Hill Road, identified as Route 114, with convenient on-and-off access to I-295. The stated year built is 1196.
Key Highlights
- Two office suites within the building
- Ample on‑site parking
- Convenient on‑and‑off access to I‑295
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,773
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,460
$355.5K
Cap Rate 7%
$253,900
$253.9K
Cap Rate 9%
$197,478
$197.5K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$27.6K $20.04/SF
− Vacancy
−$3.9K −$2.81/SF
EGI
$23.7K $17.23/SF
− OpEx
−$5.9K −$4.31/SF
NOI
$17.8K $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%
$355,460
Cap Rate 7%
$253,900
Cap Rate 9%
$197,478
Alternative Uses
Best Use
Office B
$253.9K
$222.2K – $296.2K
NOI $17,773 @ 7.0% cap · market cap 93,542.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$327.1K
$286.2K – $381.6K
NOI $22,894 @ 7.0% cap · market cap 120,494.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
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
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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 - Professional property with ample parking and convenient access to I-295 along high-traffic Route 114.
Where is this office building located?
The property is located at 2343 Diamond Hill Cumberland, RI.
What are key features of this property?
This property features: Two office suites within the building; Ample on‑site parking; Convenient on‑and‑off access to I‑295
