First-Floor Office
For Sale
Contact for pricing
740 Plainfield Street, Providence, RI 02909
Flexible office layout with private rooms, collaborative space, kitchenette, and on-site parking.
Property Size3,300 SF
Price / SF$0.86
Days on Market58
Property Features for 740 Plainfield Street
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Amenities
private rooms
open-concept area
kitchenette
Building Details
Year Built
1965
Listing Agency:
Strive Realty
(401) 270-8878
Listed By:
Renee D'Amico · License #RES.0040382
(401) 465-0710
Source:
Lockandkeyre
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 16 at 9:03AM
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 Strive Realty
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.
Located at 740 Plainfield Street in Providence, this first-floor office property contains 3,300 square feet arranged for flexible commercial use. The interior combines several private rooms with a substantial open area that can accommodate meetings, conferences, training, or collaborative work. A kitchenette adds practical support space for occupants and visitors.
The property also provides on-site parking, serving both staff and clients. Built in 1965, the office configuration is suited to professional, medical, wellness, financial, educational, or training-oriented applications identified for the space.
The property also provides on-site parking, serving both staff and clients. Built in 1965, the office configuration is suited to professional, medical, wellness, financial, educational, or training-oriented applications identified for the space.
Key Highlights
- 3,300‑square‑foot first‑floor office property
- Multiple private rooms support separate offices or consultation areas
- Large open area for meetings, conferences, training, or collaboration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,467
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,340
$1.1M
Cap Rate 7%
$806,671
$806.7K
Cap Rate 9%
$627,411
$627.4K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$89.1K $27.00/SF
− Vacancy
−$13.8K −$4.19/SF
EGI
$75.3K $22.81/SF
− OpEx
−$18.8K −$5.70/SF
NOI
$56.5K $17.11/SF
Area
Providence, 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%
$1,129,340
Cap Rate 7%
$806,671
Cap Rate 9%
$627,411
Alternative Uses
Best Use
Office B
$806.7K
$705.8K – $941.1K
NOI $56,467 @ 7.0% cap · market cap 1,981.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$966.0K – $1.29M
NOI $77,282 @ 7.0% cap · market cap 2,711.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Market
Vacancy Rate% for Office in Providence, RI
Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout with private rooms, collaborative space, kitchenette, and on-site parking.
Where is this office units located?
The property is located at 740 Plainfield Street Providence, RI.
What are key features of this property?
This property features: 3,300‑square‑foot first‑floor office property; Multiple private rooms support separate offices or consultation areas; Large open area for meetings, conferences, training, or collaboration
