For Sale
$3,000,000
Pending
10 Prosser Trl, Charlestown, RI 02813
Motels
Property Size14,474 SF
Lot Size4.43 Acres
Days on Market460
Property Features for 10 Prosser Trl
General Information
Standard status
Pending
Size
14,474 SF
Lot size
4.43 Acres
Taxes and HOA fees
Annual Taxes
$4,970
Listing Agency:
RE/MAX Impact
(508) 717-3070
Listed By:
William Kuphal · License #RES.0046170
(508) 916-8087
Source:
Exprealty
Added: Jul 16, 2025
Changed: Oct 16
Last Checked: Oct 16 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Impact
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on scenic Route 1A with high traffic and proximity to popular beaches.
- Commercial/mix‑use zoning (C‑3) on 4.43 acres offers significant development opportunities.
- Existing business infrastructure includes a 21‑guestroom motel, a restaurant (seats 100), a pub (seats 45), a full kitchen, and office/retail space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,192
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,743,840
$3.7M
Cap Rate 7%
$2,674,171
$2.7M
Cap Rate 9%
$2,079,911
$2.1M
Market Conditions
NOI Build-Up for 14,474 SF
Gross rent
$260.5K $18.00/SF
− Vacancy
−$10.9K −$0.76/SF
EGI
$249.6K $17.24/SF
− OpEx
−$62.4K −$4.31/SF
NOI
$187.2K $12.93/SF
Area
Washington County, RI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,743,840
Cap Rate 7%
$2,674,171
Cap Rate 9%
$2,079,911
Alternative Uses
Best Use
Specialty Retail
$2.67M
$2.34M – $3.12M
NOI $187,192 @ 7.0% cap · market cap 6.24%
Second Best
Hotel Hospitality
$1.25M
$1.10M – $1.46M
NOI $87,658 @ 7.0% cap · market cap 2.92%
Theoretical Best
Healthcare Medical
$2.89M
$2.53M – $3.37M
NOI $202,433 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02813, RI
8,021
Population
5,334
Households
1.5
Avg Household Size
53
Median Age
42%
College-Educated
94%
High-School Grad
36.7 sq mi
ZIP Area
219
Density / Sq Mi
$103,147
Median Household Income
$53,783
Median Earnings
$1,499
Median Rent
$467,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Krystal Penguin Inn — 5399 Post Rd, Charlestown, RI 02813
- Ocean View Motor Inn — 5407 Post Rd, Charlestown, RI 02813
- Willows Motel & Restaurant — 5310 Post Rd, Charlestown, RI 02813
- The Windswept Inn — 10 Prosser Trail, Charlestown, RI 02813
Frequently Asked Questions
Where is this motel located?
The property is located at 10 Prosser Trl Charlestown, RI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location on scenic Route 1A with high traffic and proximity to popular beaches.; Commercial/mix‑use zoning (C‑3) on 4.43 acres offers significant development opportunities.; Existing business infrastructure includes a 21‑guestroom motel, a restaurant (seats 100), a pub (seats 45), a full kitchen, and office/retail space.
