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250 Eddie Dowling Hwy 2 North Smithfield, RI 02896

Showrooms Google Maps
2,980 SF 1.82 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US76-0163296

Property summary

AI-generated overview

The Eddie Dowling Office Building offers two exceptional office spaces, each approximately 500 square feet, ideal for businesses seeking flexible and functional work environments. One unit is located on the first floor, the other on the second. Each suite boasts a welcoming waiting room with an adjoining receptionist office, plus three additional private offices, providing ample space for teams or individual professionals. Convenient storage is included within each unit, with an additional storage closet available on the first floor. The first-floor unit features a small hand sink in two offices, easily removable if not required. Monthly rent of $850 includes heating and air conditioning, offering predictable operational costs. The building is situated on Route 146, ensuring high visibility and excellent signage opportunities for enhanced brand awareness. A large parking lot and secure building provide added convenience and peace of mind. This property presents a multitude of opportunities for business growth in a prime location within Providence County. The multiple tenancy options make this a versatile space suitable for a variety of business needs.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,980 SF
Lot 1.82 ac (79,279 SF)
Zoning code BH
APN NSMI M:0013 L:0078
UPID US76-0163296

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Medical Clinic
  • Alternative Medicine Practice
  • Financial Advisor
  • Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
1 recorded transaction
2025
$676,400

Zoning & alternative use

BH · North Smithfield, RI
Zoning description

Business - Highway (BH). This District is established to provide areas for commercial establishments that depend primarily on a great volume of vehicular traffic. Typical uses include those which offer accommodations and…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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