Office Condo with Windowed
60 Bay Spring Ave, Barrington, RI 02806
For Sale
Contact for pricing
The office suite includes a reception area, waiting room, and six perimeter offices.
Property Size6,000 SF
Price / SF$349.08
Days on Market48
Property Features for 60 Bay Spring Ave
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Building Size
Tenancy
Listing Agency:
Cushman & Wakefield Hayes & Sherry Real Estate Service
Listed By:
Steve Flachbart · License RI #0043862
(401) 273-2067
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 10 at 7:24AM
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 Cushman & Wakefield Hayes & Sherry Real Estate Service
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 office condominium comprises approximately 1,630 SF within a multi-tenant office building of approximately 6,000 SF. The space was built in 2010 and is arranged with a waiting room, reception area, and six offices with windows. Parking is available on site.
The property is in Barrington, Rhode Island, about 20 minutes from downtown Providence and near the East Bay Bike Path.
The property is in Barrington, Rhode Island, about 20 minutes from downtown Providence and near the East Bay Bike Path.
Key Highlights
- Office condo offering ± 1,630 SF within a ± 6,000 SF multi‑tenant building
- Built in 2010
- Six windowed offices, plus reception and a waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,891
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,820
$557.8K
Cap Rate 7%
$398,443
$398.4K
Cap Rate 9%
$309,900
$309.9K
Market Conditions
NOI Build-Up for 1,630 SF
Gross rent
$44.0K $27.00/SF
− Vacancy
−$6.8K −$4.19/SF
EGI
$37.2K $22.81/SF
− OpEx
−$9.3K −$5.70/SF
NOI
$27.9K $17.11/SF
Area
Bristol County, RI
Vacancy
15.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,820
Cap Rate 7%
$398,443
Cap Rate 9%
$309,900
Alternative Uses
Best Use
Office B
$398.4K
$348.6K – $464.9K
NOI $27,891 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.3K
$477.2K – $636.2K
NOI $38,173 @ 7.0% cap · market cap 6.71%
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 02806, RI
17,153
Population
6,341
Households
2.7
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
2,092
Density / Sq Mi
$150,542
Median Household Income
$76,040
Median Earnings
$1,794
Median Rent
$591,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The office suite includes a reception area, waiting room, and six perimeter offices.
Where is this office unit located?
The property is located at 60 Bay Spring Ave Barrington, RI.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Office condo offering ± 1,630 SF within a ± 6,000 SF multi‑tenant building; Built in 2010; Six windowed offices, plus reception and a waiting room
