Versatile Commercial Space Near
For Sale
$499,900
36 Oxford, Providence, RI 02905
1,780 sq ft commercial space near I-95 in Providence.
Property Size1,780 SF
Lot Size0.07 Acres
Price / SF$280.84
Days on Market326
Property Features for 36 Oxford
General Information
Standard status
Active
Size
1,780 SF
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,770
Amenities
Central air
Corner Lot
Central Air Cooling
Central Heating
Forced Air Heating
Building Details
Year Built
1940
Listing Agency:
RE/MAX INTEGRITY
(508) 974-9111
Listed By:
ELIZABETH RUEHRWEIN · License #9555631
Source:
Corcoran
Added: Sep 30, 2025
Changed: Aug 14
Last Checked: Aug 14 at 7:22AM
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 RE/MAX INTEGRITY
Investment Insights
Based on property information with market context.
This commercial property offers 1,780 sq ft of space and is located minutes from I-95, providing access to downtown Providence, Warwick, and Cranston. Zoned M-2, the building is suitable for industrial use, office space, or a combination of both. The property features a large garage, a street-level loading area, and a flexible layout to accommodate various business needs. This is a real estate-only sale.
Key Highlights
- Prime commercial real estate with 1,780+ sq. ft. of versatile space.
- Zoned M‑2, suitable for industrial, office, or mixed‑use purposes.
- Conveniently located minutes from I‑95 with quick access to Providence, Warwick, and Cranston.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,887
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,740
$477.7K
Cap Rate 7%
$341,243
$341.2K
Cap Rate 9%
$265,411
$265.4K
Market Conditions
NOI Build-Up for 1,780 SF
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.
Gross rent
$39.5K $22.20/SF
− Vacancy
−$2.8K −$1.55/SF
EGI
$36.7K $20.65/SF
− OpEx
−$12.9K −$7.23/SF
NOI
$23.9K $13.42/SF
Area
Providence, RI
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,740
Cap Rate 7%
$341,243
Cap Rate 9%
$265,411
Alternative Uses
Best Use
Flex RnD
$341.2K
$298.6K – $398.1K
NOI $23,887 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$251.5K
$220.1K – $293.4K
NOI $17,606 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$595.5K
$521.1K – $694.8K
NOI $41,685 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,753
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Market
Vacancy Rate% for Industrial in Providence, RI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 1,780 sq ft commercial space near I-95 in Providence.
Where is this flex space located?
The property is located at 36 Oxford Providence, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime commercial real estate with 1,780+ sq. ft. of versatile space.; Zoned M‑2, suitable for industrial, office, or mixed‑use purposes.; Conveniently located minutes from I‑95 with quick access to Providence, Warwick, and Cranston.
