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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    225 Dyer St Providence, RI 02903

    • Coworking space
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0279844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oomph, Inc. / Website Designer / Internet Marketing Service
    • RDW Group / Public Relations Firm / Marketing Agency
    • SureUp Total Wellness Platform / Software Company
    • Artist Republik / Music Management And Promotion
    • Phase7 Digital / Marketing Agency

    Property Details for 225 Dyer St

    Year built
    2019
    Property type
    Coworking space

    Description

    This seven-story, 2019-built office building at 225 Dyer Street in Providence, Rhode Island (zip code 02903), offers a variety of coworking and traditional office spaces ranging from 62 to 1,091 square feet. The building features multiple tenancies, providing flexibility for businesses of all sizes. While there is no on-site parking, the building is conveniently located. Elevators are available for easy access to all floors. The space boasts a modern design, fostering collaboration and innovation. Amenities include fully equipped kitchens and dedicated phone booths on each floor, along with access to conference and meeting rooms. This location provides a turnkey solution for businesses seeking a vibrant and productive work environment. The building's design encourages interaction and resource sharing, creating a dynamic atmosphere conducive to growth. Membership also grants access to other CIC locations globally. This property is ideal for startups, corporations, investors, and non-profits seeking a collaborative and well-equipped workspace in the heart of Providence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4084323
    Latitude
    41.8201488

    Comparable in this City

    • $22 SF/Yr
      12,878 SF

      Westminster Square Office Suites

      Class A Providence Office Space, Flexible Options
      10 Dorrance St, Providence, RI 02903
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    • $349,000
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      Downtown Office Condos for Lease

      Downtown office condos available for lease or sale.
      127 Dorrance St, Providence, RI 02903
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      1,200 SF

      Furnished Office Space Sublease

      Elegantly built-out, fully furnished office space in Providence, RI.
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    • $20 SF/Yr
      5,934 SF

      Downtown Providence Office Space Available

      Office space for rent in a central downtown location.
      72 Pine St, Providence, RI 02903
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    • $579,000
      4,285 SF

      High-End Financial District Office Condo

      Modern office space with high ceilings and natural light.
      146 Westminster St, Providence, RI 02903
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    • $348 /Mo
      3,600 SF

      Federal Hill Office Space Available

      Prime Providence Office, 1200 SF Available
      108 Spruce St, Providence, RI 02903
      View Details

    Similar Nearby for Sale

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      Downtown Office Condo For Sale

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    • $700,000
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      Providence Office Space with Potential

      Office space in Providence jewelry district with conversion potential.
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    • $299,000
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      7,114 sq ft lot, office/residential potential
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      0.16 Acres

      Providence Commercial Space For Sale

      3,500 sq ft commercial space in high-traffic area.
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      Prime Providence Executive Suites

      High-end office condos, Financial District.
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    Similar Nearby for Lease

    • $22 SF/Yr
      12,878 SF

      Westminster Square Office Suites

      Class A Providence Office Space, Flexible Options
      10 Dorrance St, Providence, RI 02903
      View Details
    • $349,000
      3,589 SF

      Downtown Office Condos for Lease

      Downtown office condos available for lease or sale.
      127 Dorrance St, Providence, RI 02903
      View Details
    • Contact for pricing
      1,200 SF

      Furnished Office Space Sublease

      Elegantly built-out, fully furnished office space in Providence, RI.
      1 Weybosset St, Providence, RI 02903
      View Details
    • $20 SF/Yr
      5,934 SF

      Downtown Providence Office Space Available

      Office space for rent in a central downtown location.
      72 Pine St, Providence, RI 02903
      View Details
    • $579,000
      4,285 SF

      High-End Financial District Office Condo

      Modern office space with high ceilings and natural light.
      146 Westminster St, Providence, RI 02903
      View Details
    • $26 SF/Yr
      37,500 SF

      Prime Providence Office Space

      7,500 SF Full-Floor Office Suite
      56 Exchange Ter, Providence, RI 02903
      View Details
    Request Owner's contact information
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    225 Dyer St
    Providence, RI 02903
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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