New Flex Commercial
9-150 Washington Hwy Smithfield, RI 02917
9-150 Washington Hwy, Smithfield, RI, 02917
$350,000
For Sale
$350,000
Newly constructed flex condominium units feature heated and air-conditioned open layouts with private half baths.
Property Size1,250 SF
Price / SF$280
Days on Market45
Property Features for 9-150 Washington Hwy
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing Agency
J. Christopher Real Estate Grp
(401) 830-6906
Listed by
The Jarrod Lewis Group
(401) 830-6906
Source
Exprealty
Added: Jun 4 Checked: Jul 17 at 7:47 pm
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.
Mowry Hill Commons offers newly constructed commercial condominium units suited to a range of business uses. Each unit is planned with approximately 1,250 square feet of heated and air-conditioned space, a private half bath, and a flexible open-concept layout. Interior and exterior images provided are architectural renderings of the proposed development and are subject to change. Construction is currently underway, with anticipated completion in October 2026.
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.
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 |
1,250 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$230.8K
$202.0K – $269.3K
NOI $16,157 @ 7.0% cap · market cap 4.62%
Second Best
Retail
$201.6K
$176.4K – $235.2K
NOI $14,112 @ 7.0% cap · market cap 4.03%
Theoretical Best
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Newly constructed flex condominium units feature heated and air-conditioned open layouts with private half baths.
Where is this flex space located?
The property is located at 9-150 Washington Hwy Smithfield, RI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 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
