Office Condominium Suite with Private
For Sale
$149,000
250 Wampanoag Trail, East Providence, RI 02915
Updated office condo suite featuring four private offices, a reception area, and a private bathroom.
Property Size826 SF
Price / SF$180.39
Days on Market61
Property Features for 250 Wampanoag Trail
General Information
Standard status
Active
Size
826 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,041
Amenities
3
5 Parking Spaces.
Building Details
Year Built
1977
Listing Agency:
Century 21 AllPoints Realty
(401) 952-3356
Listed By:
Diana Kryston
(401) 952-3356
Source:
Xome
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 11 at 5:39AM
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
This beautifully maintained office condominium unit has been recently updated and is designed for a professional office layout. The suite includes four private offices, a reception area, and a private bathroom, providing separate work spaces along with a dedicated guest entry and waiting area.
The property offers easy highway access, and it is described as being in proximity to Providence, along with plenty of onsite parking.
Unit 303 at 250 Wampanoag Trail is available for sale as a turnkey office condominium configuration with the interior components specifically arranged for professional use.
The property offers easy highway access, and it is described as being in proximity to Providence, along with plenty of onsite parking.
Unit 303 at 250 Wampanoag Trail is available for sale as a turnkey office condominium configuration with the interior components specifically arranged for professional use.
Key Highlights
- Updated office condominium suite with four private offices, reception area, and a private bathroom
- Central air cooling and heating listed as “3”
- On‑site parking for 5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,677
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$213,540
$213.5K
Cap Rate 7%
$152,529
$152.5K
Cap Rate 9%
$118,633
$118.6K
Market Conditions
NOI Build-Up for 826 SF
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.
Gross rent
$16.6K $20.04/SF
− Vacancy
−$2.3K −$2.81/SF
EGI
$14.2K $17.23/SF
− OpEx
−$3.6K −$4.31/SF
NOI
$10.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$213,540
Cap Rate 7%
$152,529
Cap Rate 9%
$118,633
Alternative Uses
Best Use
Office B
$152.5K
$133.5K – $178.0K
NOI $10,677 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$196.5K
$171.9K – $229.2K
NOI $13,753 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 02915, RI
16,603
Population
7,746
Households
2.1
Avg Household Size
47
Median Age
36%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,019
Density / Sq Mi
$90,558
Median Household Income
$61,062
Median Earnings
$1,482
Median Rent
$317,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated office condo suite featuring four private offices, a reception area, and a private bathroom.
Where is this office units located?
The property is located at 250 Wampanoag Trail East Providence, RI.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Updated office condominium suite with four private offices, reception area, and a private bathroom; Central air cooling and heating listed as “3”; On‑site parking for 5 vehicles
