Open-Layout Flex
New
For Sale
Contact for pricing
33 Maple Avenue #1, East Providence, RI 02915
Approximately 1,000 square feet of adaptable interior space with off-street parking.
Property Size1,000 SF
Price / SF$1.50
Days on Market4
Property Features for 33 Maple Avenue #1
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:40PM
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 Limitless
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 flex space in East Providence contains approximately 1,000 square feet arranged as an open area, allowing the interior to be configured for different business operations. The property was built in 1940 and includes off-street parking.
Its East Providence location offers access to major roadways, nearby communities, shopping, dining, and everyday amenities.
Its East Providence location offers access to major roadways, nearby communities, shopping, dining, and everyday amenities.
Key Highlights
- Approximately 1,000 square feet of open space
- Off‑street parking
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,219
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,380
$104.4K
Cap Rate 7%
$74,557
$74.6K
Cap Rate 9%
$57,989
$58.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$7.5K $7.50/SF
− Vacancy
−$45 −$0.05/SF
EGI
$7.5K $7.46/SF
− OpEx
−$2.2K −$2.24/SF
NOI
$5.2K $5.22/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,380
Cap Rate 7%
$74,557
Cap Rate 9%
$57,989
Alternative Uses
Best Use
Flex RnD
$88.3K
$77.3K – $103.1K
NOI $6,183 @ 7.0% cap · market cap 412.20%
Second Best
Industrial
$74.6K
$65.2K – $87.0K
NOI $5,219 @ 7.0% cap · market cap 347.93%
Theoretical Best
Multifamily LT 5
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 1,110.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Approximately 1,000 square feet of adaptable interior space with off-street parking.
Where is this flex space located?
The property is located at 33 Maple Avenue #1 East Providence, RI.
What are key features of this property?
This property features: Approximately 1,000 square feet of open space; Off‑street parking; Built in 1940
