Move-in Ready Office
250 Wampanoag Trail #306 East Providence, RI 02915
250 Wampanoag Trail #306, East Providence, RI, 02915
$129,900
For Sale
$129,900
Efficient 437 SF office condo with flexible layout.
Property Size437 SF
Price / SF$297.25
Days on Market129
Property Features for 250 Wampanoag Trail #306
General Information
- Standard status
- Active
- Size
- 437 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing Agency
Compass
(401) 919-7445
Listed by
Fava + Vieira Group
(401) 919-7445
Source
Liongatere
Added: Mar 11 Checked: Jul 17 at 8:32 am
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 Compass
Investment Insights
Based on property information with market context.
This move-in ready 437 SF commercial office condominium offers an efficient and flexible layout within a well-maintained, recently updated building. The space features a reception area, three private offices, a flexible conference or waiting area, and a private bathroom with closet. This bright corner unit with multiple window exposures provides a comfortable and professional work environment. Convenient highway access allows easy connectivity to Providence and surrounding markets, with ample on-site parking available. It is ideal for medical, professional, or service-oriented users seeking quality office space.
Key Highlights
- Move‑in ready, efficient 437 SF commercial office condominium.
- Flexible layout with reception area, three private offices, conference/waiting area, and private bathroom.
- Bright corner unit with multiple window exposures.
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 | $8.8k | $20.04 |
| − Vacancy | −$1.2k | −$2.81 |
| EGI | $7.5k | $17.23 |
| − OpEx | −$1.9k | −$4.31 |
| NOI | $5.6k | $12.93 |
437 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$80.7K
$70.6K – $94.2K
NOI $5,649 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$103.9K
$91.0K – $121.3K
NOI $7,276 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FJ Concepts
Marketing & Advertising
Advanced Dentistry of Rhode ...
Dental Office
Riverside Smiles
Dental Office
Pamela Shervanick LLC
Physician
Pain Clinic US ...
Medical Clinic
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FAQs
What type of property is this?
Office units - Efficient 437 SF office condo with flexible layout.
Where is this office units located?
The property is located at 250 Wampanoag Trail #306 East Providence, RI.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Move‑in ready, efficient 437 SF commercial office condominium.; Flexible layout with reception area, three private offices, conference/waiting area, and private bathroom.; Bright corner unit with multiple window exposures.
