Corner Office
For Sale
$129,900
250 Wampanoag Trail 306, East Providence, RI 02915
Corner positioning, private offices, and highway access support a professional work setting.
Property Size437 SF
Price / SF$297.25
Days on Market51
Property Features for 250 Wampanoag Trail 306
General Information
Standard status
Active
Size
437 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Listing Agency:
Compass
Listed By:
Fava + Vieira Group
(401) 274-1644
Source:
Alpernandmesenbourg
Added: Aug 30
Changed: Oct 4
Last Checked: Oct 7 at 5:41PM
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 437-square-foot office condominium is configured with a reception area, three private offices, a flexible conference or waiting area, and a private bathroom with an adjoining closet. The corner unit has windows on multiple sides, bringing natural light into an efficient office layout. The condominium is located within a recently updated building originally constructed in 1977.
Highway access connects the property with Providence and surrounding markets. On-site parking is available. The layout can accommodate medical, professional, and service-oriented office users seeking a private commercial workspace.
Highway access connects the property with Providence and surrounding markets. On-site parking is available. The layout can accommodate medical, professional, and service-oriented office users seeking a private commercial workspace.
Key Highlights
- 437 SF office condominium
- Three private offices plus reception and flexible conference or waiting area
- Private bathroom with closet
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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Current Use
Lease Details
Yes
Highway access
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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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 unit - Corner positioning, private offices, and highway access support a professional work setting.
Where is this office unit 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: 437 SF office condominium; Three private offices plus reception and flexible conference or waiting area; Private bathroom with closet
