Four-Office Professional
New
For Sale
Contact for pricing
990 Main Street #4, East Greenwich, RI 02818
First-floor space includes a waiting area, private basement storage, and on-site parking.
Property Size1,120 SF
Price / SF$1.79
Days on Market6
Property Features for 990 Main Street #4
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Amenities
Central A/C
private basement for storage
Building Details
Year Built
1980
Listing Agency:
RE/MAX Professionals
(401) 884-6050
Listed By:
Robert Rinn · License #RES.0044179
(401) 633-5788
Source:
Lockandkeyre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:38PM
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 RE/MAX Professionals
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Investment Insights
Based on property information with market context.
Unit 4 is a 1,120-square-foot corner office suite in the West Bay Professional Building. The single-level layout has four private offices, a waiting room, and a bathroom, with central air conditioning and separate utilities. A full private basement provides additional storage.
The suite occupies the building’s first floor at 990 Main Street in East Greenwich, Rhode Island. On-site parking is available. The space was built in 1980 and is available November 1.
The suite occupies the building’s first floor at 990 Main Street in East Greenwich, Rhode Island. On-site parking is available. The space was built in 1980 and is available November 1.
Key Highlights
- 1,120‑square‑foot corner office suite
- Four private offices, a waiting room, and a bathroom
- Full private basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,754
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,080
$275.1K
Cap Rate 7%
$196,486
$196.5K
Cap Rate 9%
$152,822
$152.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$23.1K $20.64/SF
− Vacancy
−$4.8K −$4.27/SF
EGI
$18.3K $16.37/SF
− OpEx
−$4.6K −$4.09/SF
NOI
$13.8K $12.28/SF
Area
Kent County, RI
Vacancy
20.67%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,080
Cap Rate 7%
$196,486
Cap Rate 9%
$152,822
Alternative Uses
Best Use
Office B
$196.5K
$171.9K – $229.2K
NOI $13,754 @ 7.0% cap · market cap 687.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$280.5K
$245.5K – $327.3K
NOI $19,636 @ 7.0% cap · market cap 981.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 02818, RI
19,907
Population
8,623
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
939
Density / Sq Mi
$120,952
Median Household Income
$72,985
Median Earnings
$1,384
Median Rent
$564,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor space includes a waiting area, private basement storage, and on-site parking.
Where is this office unit located?
The property is located at 990 Main Street #4 East Greenwich, RI.
What are key features of this property?
This property features: 1,120‑square‑foot corner office suite; Four private offices, a waiting room, and a bathroom; Full private basement for storage
