Move-in Ready Office
For Sale
$129,900
250 Wampanoag #306, East Providence, RI 02915
Efficient 437 SF office condo with flexible layout.
Property Size437 SF
Price / SF$297.25
Days on Market232
Property Features for 250 Wampanoag #306
General Information
Standard status
Active
Size
437 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,260
Amenities
Central air
Central Air Cooling
Forced Air Heating
Building Details
Year Built
1977
Listing Agency:
COMPASS
(401) 274-1644
Listed By:
FAVA + VIEIRA GROUP
(401) 919-7445
Source:
Corcoran
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 26 at 4:35PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$5,649
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$112,980
$113.0K
Cap Rate 7%
$80,700
$80.7K
Cap Rate 9%
$62,767
$62.8K
Market Conditions
NOI Build-Up for 437 SF
Gross rent
$8.8K $20.04/SF
− Vacancy
−$1.2K −$2.81/SF
EGI
$7.5K $17.23/SF
− OpEx
−$1.9K −$4.31/SF
NOI
$5.6K $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%
$112,980
Cap Rate 7%
$80,700
Cap Rate 9%
$62,767
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.
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Property Analytics
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Efficient 437 SF office condo with flexible layout.
Where is this office unit located?
The property is located at 250 Wampanoag #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.
