292 Waterman Ave Smithfield, RI 02917-4128
This well-maintained single-tenant commercial office building at 292 Waterman Avenue in Smithfield, Rhode Island, offers 4,476 square feet of versatile space ideal for a variety of professional uses. The building features ten private offices, a conference room, a break room/kitchenette, two restrooms, and a utility room complete with a shower. Situated on a 0.47-acre lot (20,473.2 sq ft), the property provides ample parking for approximately 30 vehicles. Its convenient location just off Route 104 ensures high visibility and easy access to major roadways like Routes 44 and 295, making it an excellent choice for businesses seeking strong marketing opportunities. The building is a single-story structure with a total of one building suite. The lease terms are based on a modified gross lease agreement. This property presents a compelling opportunity for businesses such as insurance companies, law firms, accounting practices, and other general office users. The property's size, amenities, and strategic location combine to create a highly desirable commercial space. The property is located in Smithfield, RI, zip code 02917.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R20 · Smithfield, RISmithfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.