Office Condominium with Private
For Sale
$149,000
303-250 Wampanoag Trl, Riverside, RI 02915
Updated office condominium featuring four private offices, reception, and a private bathroom with ample onsite parking.
Property Size826 SF
Price / SF$180.39
Days on Market98
Property Features for 303-250 Wampanoag Trl
General Information
Standard status
Active
Size
826 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,041
Listing Agency:
Century 21 AllPoints Realty
(401) 521-9490
Listed By:
Diana Kryston · License #REC.0012588
(401) 952-3356
Source:
Exprealty
Added: Jul 20
Changed: Oct 21
Last Checked: Oct 24 at 6:54PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This beautifully maintained office condominium offers a polished, professional layout with four private offices, a reception area, and a private bathroom. The unit has been recently updated and is designed to support everyday office operations with dedicated rooms and clear separation between workspaces.
Located at 303-250 Wampanoag Trl in Riverside, RI, the property provides easy highway access and proximity to Providence. Onsite parking is available, supporting convenient arrival for employees and clients.
Located at 303-250 Wampanoag Trl in Riverside, RI, the property provides easy highway access and proximity to Providence. Onsite parking is available, supporting convenient arrival for employees and clients.
Key Highlights
- Updated office condominium with four private offices
- Includes a reception area and a private bathroom
- Designed with a professional layout for an office practice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,677
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
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
Frequently Asked Questions
What type of property is this?
Office unit - Updated office condominium featuring four private offices, reception, and a private bathroom with ample onsite parking.
Where is this office unit located?
The property is located at 303-250 Wampanoag Trl Riverside, 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 with four private offices; Includes a reception area and a private bathroom; Designed with a professional layout for an office practice
