Move-in Ready Office
For Sale
$129,900
250 Wampanoag Trail #306, East Providence, RI 02915
Efficient 437 SF office condo with flexible layout.
Property Size437 SF
Price / SF$297.25
Days on Market142
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
Changed: Jul 10
Last Checked: Jul 29 at 1:32PM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
680
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 - 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.
