Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    335 Compass Cir, Unit 33 North Kingstown, RI 02852

    Sponsored
    For Sale
    Contact for pricing

    COMMERCIAL - North Kingstown, RI

    Type:Office
    Lot size:
    1.61 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 10 at 8:06 pm

    Property Features for 335 Compass Cir

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Comm
    Parking
    2
    Interior features
    Ceiling Height (20 Plus Feet)
    Lot size
    1.61 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Wall Unit(s), Heat Pump, Central Air

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    1
    Building materials
    Steel

    We can help!

    Listing Contact
    Barry Alofsin

    BHHS Commonwealth RE (508) 810-0700

    Listing agent Barry Alofsin (401) 345-3100

    Listing date Feb 9, 2026

    MLS# 1404529

    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 Unit For Sale

    This is a versatile commercial unit suitable for business operations, light manufacturing, storage for vehicles or boats, or dedicated project space. The flexible space supports a wide range of uses and is designed for efficiency, allowing you to keep equipment and materials set up and ready. Excellent truck access off Route 4 provides convenient connectivity to Quonset, Newport, Providence, Boston, and New York. The property is brand-new construction featuring modern, high-quality finishes throughout. The property is located in North Kingstown, RI, in Washington County. The lot size is 1.61 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.476667
    Latitude
    41.605484

    Nearby Similar for Sale

    • $2,995,000
      1.60 Acres

      North Kingstown Commercial Property For Sale

      Family-owned business and real estate on 1.6 acres available.
      6595 Post Rd, North Kingstown, RI 02852
      View Details
    • $649,000
      0.06 Acres

      North Kingstown Warehouse Flex Space

      Versatile 2,400 SF warehouse with high ceilings and convenient access.
      345 Compass Cir, North Kingstown, RI 02852
      View Details
    • $125,000
      Pending

      Wickford Office Condo For Sale

      Condo unit with offices, waiting room, storage, and bathroom.
      320 Phillips St, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      3.44 Acres

      North Kingstown Retail/Office Space

      Prime retail/office space in North Kingstown business district.
      3520 Quaker Ln, North Kingstown, RI 02852
      View Details
    • New
      Contact for pricing
      1.61 Acres

      Flexible Tradesman Space in Quonset

      Versatile units ideal for new business, manufacturing, or storage.
      335 Compass Cir, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Nicely renovated office space with shared amenities included.
      7 Main St, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      10,000 SF

      North Kingstown Warehouse and Office

      10,000 SF warehouse with office space in Quonset.
      342 Compass Cir, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      0.21 Acres

      Waterfront Retail Space in Wickford

      Retail space in Wickford Village available January 1, 2026.
      1 Phillips St, North Kingstown, RI 02852
      View Details
    • $649,000
      2,400 SF

      North Kingstown Warehouse Flex Space

      2,400 SF warehouse with high ceilings and convenient highway access.
      345 Compass Cir, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      Pending

      Prime Retail Opportunity, North Kingstown

      Highly visible retail sites available on Post Road.
      7595 Post Rd, North Kingstown, RI 02852
      View Details
    • $875,000
      4,788 SF

      Prime North Kingstown Storefront

      Retail redevelopment opportunity, 4,788 SF.
      6840 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Wakefield Office Space - Main Street

      Downtown Wakefield Office, 200 sq ft
      311 Main St, North Kingstown, RI 02879
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible commercial unit ideal for various business operations.
    Where is this flex space located?
    The property is located at 335 Compass Cir, Unit 33 North Kingstown, RI.
    What is the asking price?
    The asking price for this property is $2,500.
    What are key features of this property?
    This property features: - Versatile commercial unit suitable for business operations, light manufacturing, vehicle/boat storage, or project space.; - Excellent truck access off Route 4 providing convenient connectivity to Quonset, Newport, Providence, Boston, and New York.; - Brand-new construction (2025) featuring modern, high-quality finishes.
    (401) 345-3100
    Request Owner's contact information
    335 Compass Cir, Unit 33 North Kingstown, RI 02852
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    335 Compass Cir, Unit 33
    North Kingstown, RI 02852
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    335 Compass Cir, Unit 33 North Kingstown, RI 02852
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Barry Alofsin
    (401) 345-3100
    Learn more
    Google sign-in failed. Please try again or use another login method.