Flex Space with Grade-Level
Pawtucket, RI 02861, Pawtucket, RI 02861
For Sale
New
$450,000
Commercial/Business,Commercial Sale, Pawtucket, RI
Property Size4,000 SF
Lot Size0.17 Acres
Price / SF$112.50
Days on Market2
Property Features
General Information
Property type
Property subtype
Zoning
Parking
Interior features
Lot features
Standard status
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Williams & Stuart Real Estate
(401) 942-0200
Listed By:
Brian McGloin
(401) 829-0318
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1428308
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot steel flex building, completed in 2001, has an open lower level and about 600 square feet of air-conditioned office space above. The office overlooks the main floor. Building features include 20-foot ceilings, three-phase, 200-amp electrical service, installed storage racks, and three grade-level garage doors: two 10-foot doors and one 14-foot door. The property is zoned MO and was previously used for HVAC operations.
In Pawtucket, the site is just off George Bennett Industrial Highway, with access to I-95. The configuration and existing features support warehouse, contractor, service, or light industrial functions.
In Pawtucket, the site is just off George Bennett Industrial Highway, with access to I-95. The configuration and existing features support warehouse, contractor, service, or light industrial functions.
Key Highlights
- 4,000 square feet in a steel building constructed in 2001
- Approximately 600 square feet of air‑conditioned upper‑level office space
- Open lower level with 20‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,347
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,940
$506.9K
Cap Rate 7%
$362,100
$362.1K
Cap Rate 9%
$281,633
$281.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$30.0K $7.50/SF
− Vacancy
−$180 −$0.05/SF
EGI
$29.8K $7.46/SF
− OpEx
−$4.5K −$1.12/SF
NOI
$25.3K $6.34/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,940
Cap Rate 7%
$362,100
Cap Rate 9%
$281,633
Alternative Uses
Best Use
Warehouse
$362.1K
$316.8K – $422.5K
NOI $25,347 @ 7.0% cap · market cap 5.63%
Second Best
Flex RnD
$353.3K
$309.1K – $412.2K
NOI $24,731 @ 7.0% cap · market cap 5.50%
Theoretical Best
Multifamily LT 5
$951.5K
$832.5K – $1.11M
NOI $66,602 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Providence County, RI
Properties on Market for Flex space in Providence County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Palagis Ice Cream — 55 Bacon St, Pawtucket, RI 02860
- Palagi Brothers Ice Cream — 28 Delta Dr, Pawtucket, RI 02860
- Boulevard Grille & Catering — 609 armistice blvd, pawtucket, ri 02861
Frequently Asked Questions
What type of property is this?
Flex space - An open work area is paired with dedicated upper-floor offices and three vehicle entrances.
Where is this flex space located?
The property is located at Pawtucket, RI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,000 square feet in a steel building constructed in 2001; Approximately 600 square feet of air‑conditioned upper‑level office space; Open lower level with 20‑foot ceilings
