521 S Main St Providence, RI
Professional office condo with four offices, kitchenette, and private bathroom.
Property Features for 521 S Main St
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 2.02 Acres
- Property subtype
- OFFICE
Listing office Conway Commercial Group (401) 447-6062
Listing date Nov 24, 2025
Source Moodyscre
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 Conway Commercial Group
Investment Insights
Based on property information with market context.
Key Highlights
- Unparalleled location in the center of Providence.
- First‑floor professional office condo in the iconic Corliss Landing Building.
- Built out with 4 separate offices, kitchenette, and private bathroom.
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 | $27.0k | $27.00 |
| − Vacancy | −$4.2k | −$4.19 |
| EGI | $22.8k | $22.81 |
| − OpEx | −$5.7k | −$5.70 |
| NOI | $17.1k | $17.11 |
