Single-Level Office
61 Cedar Avenue UNIT 6 East Greenwich, RI 02818
61 Cedar Avenue UNIT 6, East Greenwich, RI, 02818
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For Sale
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Flexible single-level suite with multiple offices, conference room, kitchen, and direct front parking for clients and staff.
Property Size3,560 SF
Price / SF$179.75
Days on Market56
Property Features for 61 Cedar Avenue UNIT 6
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Office, Retail, Industrial
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Realty
Listed by
Bruning Gomes Group
Source
Crexi
Added: May 27 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 2:09PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
61 Cedar Avenue, Unit 6 is a single-level commercial office suite designed for flexible day-to-day use. The interior is highlighted by natural light, exposed brick, and high ceilings, with a layout that includes seven private offices, five dedicated individual workstations, a conference room, and multipurpose open space. Additional improvements include a full kitchen, restroom facilities, and a further flexible area that could function as an eighth office, storage, or specialized support space. Expansive attic storage supports practical operations while helping keep the main level client-ready.
The property is located in East Greenwich, one block from Post Road, with convenient access to Route 1 and public transportation. Parking is provided directly in front of the unit, and there is additional shared parking available for clients and staff.
This suite is well matched to a range of professional and service-oriented uses, including medical or wellness, education, consulting, creative work, and collaborative office environments. The combination of private offices, a dedicated conference room, open work areas, and on-site restroom and kitchen facilities supports both client meetings and internal operations, while the attic storage adds useful capacity for teams that need space without adding clutter to the primary floor.
The property is located in East Greenwich, one block from Post Road, with convenient access to Route 1 and public transportation. Parking is provided directly in front of the unit, and there is additional shared parking available for clients and staff.
This suite is well matched to a range of professional and service-oriented uses, including medical or wellness, education, consulting, creative work, and collaborative office environments. The combination of private offices, a dedicated conference room, open work areas, and on-site restroom and kitchen facilities supports both client meetings and internal operations, while the attic storage adds useful capacity for teams that need space without adding clutter to the primary floor.
Key Highlights
- Over 3,500 sq. ft. of single‑level commercial space in 61 Cedar Avenue, Unit 6
- Includes seven private offices plus five dedicated individual workstations
- Conference room, multipurpose open space, full kitchen, and restroom facilities
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 | $73.5k | $20.64 |
| − Vacancy | −$15.2k | −$4.27 |
| EGI | $58.3k | $16.37 |
| − OpEx | −$14.6k | −$4.09 |
| NOI | $43.7k | $12.28 |
3,560 SF · lease $20.64/SF/yr · vacancy 20.67% · expense 25.00%
Alternative Uses
Best Use
Office B
$624.5K
$546.5K – $728.6K
NOI $43,718 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$891.6K
$780.2K – $1.04M
NOI $62,414 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office units - Flexible single-level suite with multiple offices, conference room, kitchen, and direct front parking for clients and staff.
Where is this office units located?
The property is located at 61 Cedar Avenue UNIT 6 East Greenwich, RI.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Over 3,500 sq. ft. of single‑level commercial space in 61 Cedar Avenue, Unit 6; Includes seven private offices plus five dedicated individual workstations; Conference room, multipurpose open space, full kitchen, and restroom facilities
