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    115 Tripps Ln East Providence, RI 02915

    Sponsored
    For Sale
    Contact for pricing

    209,927 SF Office Building, RI

    Property size:
    209,927 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional East Providence, Rhode Island commercial property presents a significant investment opportunity. The single-story, 209,927-square-foot building sits on a substantial 24.95-acre lot and boasts a prime location with easy access to Route 114 and the East Shore Expressway, placing it within a short commute of Providence (5 miles) and Boston (55 miles). The property features a mix of office space (129,160 sq ft), data center space (63,789 sq ft), and cafeteria space (11,176 sq ft), making it suitable for a variety of uses. Ample parking is provided with 849 spaces (4.04 per 1,000 sq ft). Built in 1979, the structure is of steel construction with a poured concrete slab foundation, flat roof, and thermal windows. The building includes multiple loading docks, a 100% dry sprinkler system, and four Caterpillar generators (700kw, 1000kw, 1250kw, and 2000kw). The property is zoned I1 Limited Manufacturing. Furniture, fixtures, and equipment may be available. This well-maintained property offers a rare combination of size, location, and amenities, presenting a compelling opportunity for a discerning buyer.

    Property Features for 115 Tripps Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    209,927 SF
    Lot Size
    1,086,822 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    HighLights

    • 209,927 SF single‑story building.
    • 129,160 SF of office space.
    • 63,789 SF of data center space.
    • 11,176 SF cafeteria.
    • Multiple loading docks.
    • 24.95‑acre site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3536911
    Latitude
    41.7924654

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    FAQs

    What type of property is this?
    Office Property / Space - 209,927 SF Office Building, RI
    Where is this office property / space located?
    The property is located at 115 Tripps Ln East Providence, RI.
    What are key features of this property?
    This property features: 209,927 SF single-story building.; 129,160 SF of office space.; 63,789 SF of data center space.
    (401) 273-7426
    Request Owner's contact information
    115 Tripps Ln East Providence, RI 02915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Tripps Ln East Providence, RI 02915
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