Building Details

Buildings 1

Building Size 1,400 SF

Owner Occupied Yes

Listing Agency: MG Commercial Show Phone

Listed By: Whitney Rugg · License ##RES.0049709 Show Phone

Source: Moodyscre

Added: Mar 10 Changed: Oct 13 Last Checked: Oct 12 at 10:37PM

Report an Issue

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 MG Commercial

Investment Insights

Based on property information with market context.

Medical office building with an interior built out for medical, therapeutic, office, or legal use. The space includes 5–6 office or exam rooms, a waiting room, and a reception area, along with 2 restrooms and a full unfinished basement.

The property provides an off-street parking lot and includes employee parking in the rear driveway. ADA accessibility is available.

At 1,400 SF, the layout supports both private consultation-style rooms and common patient or client areas, while the unfinished basement adds additional storage or flex space potential.

Key Highlights

• 1,400 SF medical office building built out for medical, therapeutic, office, or legal use
• ADA accessible
• 5–6 office or exam rooms plus waiting room and reception area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,096

Cap Rate

5.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,920 $361.9K

Cap Rate 7%

$258,514 $258.5K

Cap Rate 9%

$201,067 $201.1K

Market Conditions

NOI Build-Up for 1,400 SF

Gross rent

$28.1K $20.04/SF

− Vacancy

−$3.9K −$2.81/SF

EGI

$24.1K $17.23/SF

− OpEx

−$6.0K −$4.31/SF

NOI

$18.1K $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%

$361,920

Cap Rate 7%

$258,514

Cap Rate 9%

$201,067

Alternative Uses

Best Use

Office B

$258.5K

$226.2K – $301.6K (±1% cap)

NOI $18,096 @ 7.0% cap · market cap 5.40%

Second Best

Healthcare Medical

$193.8K

$169.6K – $226.1K (±1% cap)

NOI $13,566 @ 7.0% cap · market cap 4.05%

Theoretical Best

Multifamily LT 5

$333.0K

$291.4K – $388.5K (±1% cap)

NOI $23,311 @ 7.0% cap · market cap 6.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

John M. Simoes, ... Physician

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Carpet & Flooring Store Tech Support Center (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,400

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02860, RI

47,894

Population

21,467

Households

2.2

Avg Household Size

37

Median Age

25%

College-Educated

80%

High-School Grad

5.3 sq mi

ZIP Area

9,037

Density / Sq Mi

$59,954

Median Household Income

$42,038

Median Earnings

$1,112

Median Rent

$287,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

4-Unit Mixed-Use Building

460 Smithfield Avenue, Pawtucket, RI 02860

$950,000

4,968 SF

View details

Professional Office Building

353 Armistice Boulevard, Pawtucket, RI 02861

$619,000

0.11 Acres

View details

Professional Office Building with Parking

480 Broadway, Pawtucket, RI 02860

Contact for pricing

View details

Storefront Property with Basement

363 Smithfield Avenue, Pawtucket, RI 02860

$389,900

1,408 SF

View details

Two-Unit Duplex with Separate Utilities

33 Winthrop Avenue, Pawtucket, RI 02861

$489,900

1,728 SF

View details

Two-Unit Duplex with Screened Porch

116 Webster Street, Pawtucket, RI 02861

$499,000

1,784 SF

View details

Side-by-Side Duplex with Finished Basement

89 Columbia Avenue, Pawtucket, RI 02860

$559,000

1,832 SF

View details

Rehabilitated Duplex with Fenced Yard

37 Trenton Street, Pawtucket, RI 02860

$499,900

2,000 SF

View details

Office Condo with Private Entrance

333 School Street Unit 302, Pawtucket, RI 02860

$162,000

1,804 SF

View details

Updated Brick Office Building

1155 Newport Avenue, Pawtucket, RI 02861

$480,000

2,076 SF

View details

Two-Unit Duplex with Detached Garage

80 Branch Street, Pawtucket, RI 02860

$540,000

1,971 SF

View details

Four-Unit Residential Income Property

39 Highland St, Pawtucket, RI 02860

$599,000

1,901 SF

View details

Similar Off Market Nearby

• Veterinary Services of Pawtucket — 310 East Ave, Pawtucket, RI 02860

Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office building built out for medical, therapeutic, office, or legal use with waiting room and ADA accessibility.

Where is this medical office space located?

The property is located at 356 East Ave Pawtucket, RI.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: 1,400 SF medical office building built out for medical, therapeutic, office, or legal use; ADA accessible; 5–6 office or exam rooms plus waiting room and reception area