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    The Largest CRE Database in the US with Over 1 Million Listings

    111 Hopkins Hill Rd, Unit 5B West Greenwich, RI 02817

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    COMMERCIAL - West Greenwich, RI

    Type:Office
    Property size:
    2,800 SF
    Lot size:
    1.80 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 11 at 9:06 pm

    Property Features for 111 Hopkins Hill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    INDA
    Parking
    2
    Interior features
    Ceiling Height (17 to 20 Ft), Ceiling Height (20 Plus Feet)
    Size
    2,800 SF
    Lot size
    1.80 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    2024
    Number of units
    1
    Building materials
    Steel

    We can help!

    Listing Contact
    Julie Grundy

    Coastview Realty, LLC. (401) 788-0078

    Listing agent Julie Grundy (401) 255-1031

    Listing date Feb 11, 2026

    MLS# 1404619

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building in West Greenwich

    This commercial building is strategically located in West Greenwich, offering maximum exposure along a main thoroughfare originating from the I-95 corridor. The location is within a key logistics and commercial hub, providing access and visibility. Surrounded by established commercial neighbors, the building benefits from its industrial zoning, making it suitable for a centrally located Rhode Island hub. The location is well-suited for office supply businesses, manufacturing operations, warehouse distribution, corporate headquarters, athletic facilities, and storage solutions. The building offers three separate, private entry spaces. Each unit features a 14x14 overhead door, separate 225 amp/3-phase electric service, high-efficiency gas, and a private restroom. Each space is approximately 2,800 square feet, providing room for business operations. Spaces can be combined to accommodate specific needs, with additional rental terms available upon discussion. This flexibility allows businesses to tailor their space requirements to their operational demands. The property is located in Kent County, Rhode Island, with a lot size of 1.8 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Cafe & Coffee Shop Avalon Design Group, ... Landscaping D & D Irrigation ... General Contractor D&D Irrigation Co ... General Contractor

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy Department Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Greenwich
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.579985
    Latitude
    41.655196

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    FAQs

    What type of property is this?
    Flex space - Strategically located commercial building suitable for various business operations.
    Where is this flex space located?
    The property is located at 111 Hopkins Hill Rd, Unit 5B West Greenwich, RI.
    What is the asking price?
    The asking price for this property is $4,000.
    What are key features of this property?
    This property features: - High-visibility location on a busy thoroughfare near I-95, ideal for logistics and commercial businesses.; - Three separate units, each with private entry, 14x14 overhead door, 225 amp/3-phase electric, and private restroom.; - Flexible space: Units can be combined to accommodate specific business needs.
    (401) 255-1031
    Request Owner's contact information
    111 Hopkins Hill Rd, Unit 5B West Greenwich, RI 02817
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    West Greenwich, RI 02817
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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
    111 Hopkins Hill Rd, Unit 5B West Greenwich, RI 02817
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    We can help!
    Listing Contact
    Julie Grundy
    Real Estate License ID: REB.0017048
    (401) 255-1031
    Learn more
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