9-150 Washington Hwy Smithfield, RI 02917
Newly constructed flex condominium units feature heated and air-conditioned open layouts with private half baths.
Property Features for 9-150 Washington Hwy
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing office J. Christopher Real Estate Grp (401) 830-6906
Listing date Jun 4, 2026
Source Exprealty
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 J. Christopher Real Estate Grp
Investment Insights
Based on property information with market context.
The development is located just off Routes 116 and 7, providing visibility and accessibility along a commercial corridor. The property is described as offering proximity to restaurants, shopping, fuel stations, hotels, and major highways including I-295 and I-95, with access to both Massachusetts and Connecticut.
Tax assessments have not yet been established. For pricing, availability, and floor plans, interested parties should contact the listing team as the project moves toward completion.
Key Highlights
- Newly constructed commercial condominium units with heated and air‑conditioned open‑concept layouts
- Each unit includes approximately 1,250 SF of heated and air‑conditioned space plus a private half bath
- Flexible unit design suitable for retail, office, contractor, showroom, trade, and service‑based businesses
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 | $25.1k | $20.04 |
| − Vacancy | −$3.5k | −$2.81 |
| EGI | $21.5k | $17.23 |
| − OpEx | −$5.4k | −$4.31 |
| NOI | $16.2k | $12.93 |
