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Property profile & analytics
OFF-MARKET
Commercial real estate

360 Kingstown Rd Narragansett, RI 02882

Built 1987
Individually Owned 3-yr Hold
Property ID
US76-0282140
Property summary
AI-generated overview

This exceptional commercial property, located at 360 Kingstown RD, Narragansett, RI 02882, presents a unique investment opportunity. The 2,444 square foot building, constructed in 1987, sits on a lot with dimensions not specified in the provided information. Previously utilized as a radiology office, the space is ideally suited for a variety of medical practices. The layout includes a spacious waiting area, a reception area, two bathrooms, two x-ray rooms (which may require updating or removal depending on the buyer's intended use), and five individual office suites, providing ample room for staff and patient interaction. The property is being offered for sale at $14,999. This sale is contingent upon Superior Court approval. Prospective buyers are responsible for conducting thorough due diligence to independently verify all aspects of the property information. The property is situated in the heart of South County, Rhode Island, offering convenient access to local amenities and a strong patient base. The building consists of one unit within a single building. This presents a rare chance to acquire a well-established medical office space in a desirable location. All interested parties should be prepared to complete all necessary due diligence to confirm the accuracy of the provided information.

Property profile
Verified
Property type Commercial real estate
Year built 1987
UPID US76-0282140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Thundermist Health Center · 3 yrs held
Thundermist Health Center
since 2023
4 recorded transactions
2023
$375,000
2022
$85,000
2018
Price N/A
2017
$352,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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