3-61 Cedar Ave, East Greenwich, RI 02818
Flexible office and studio space with high ceilings, front visibility, and dedicated parking.
- Added:
- Feb 4, 2026
- Days on Market:
- 143
- Last Refresh:
- Jun 24 at 5:25 am
Property Features for 3-61 Cedar Ave
General Information
- Standard status
- Active
- Size
- 1,380 SF
Listing office Weichert Realtors-Cress & Co. (401) 965-2074
Listing date Feb 4, 2026
Source Exprealty
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 Weichert Realtors-Cress & Co.
HighLights
- Flexible office and studio space in Steeple Street Office Park with front visibility
- Wide open layout with high ceilings for multiple space configurations
- Unit includes central air and gas heat
- Half bath in the unit
- Dedicated parking and parking lots on‑site
- Also may be available for rent (see MLS # 1411847)
Overview
The property is located in East Greenwich on Cedar Avenue, near Post Road, providing convenient access to surrounding commercial areas. Positioned within the office park, the space benefits from its front-facing exposure.
The open-plan configuration suits a range of professional and creative uses, including office operations, studio work, and gallery-style environments. With central air, gas heat, and an in-unit half bath, the space is positioned for straightforward buildout and day-to-day occupancy. The property is available for sale, and the public remarks indicate it may also be available for rent under the referenced MLS listing.
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 | $28.5k | $20.64 |
| − Vacancy | −$5.9k | −$4.27 |
| EGI | $22.6k | $16.37 |
| − OpEx | −$5.6k | −$4.09 |
| NOI | $16.9k | $12.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- East Greenwich
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.460474
- Latitude
- 41.651152
