Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    55 Hammarlund Way Middletown, RI 02842

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for rent in Middletown, Rhode Island.

    Property size:
    3,600 SF
    Lot size:
    3,600 SF

    Property Features for 55 Hammarlund Way

    General Information

    Standard status
    Active
    Size
    3,600 SF

    We can help!

    Listing Contact
    Alden Anderson
    Alden Anderson
    Source: Cbre

    Listing Agent: Alden Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Middletown Office Space Available

    This property offers 3,600 square feet of office space for rent in Middletown, Rhode Island. Located at 55 Hammarlund Way, the property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neptune Trading Ltd Take-out & Catering Research Engineering & Manufacturing ... Law Firm Progeny Systems Corporation Engineering Consultant Towerstream Corporation Telecommunications Service Cruising World Publications Publishing House

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.285117
    Latitude
    41.501878

    Nearby Similar for Lease

    • Contact for pricing

      Middletown Retail Space for Lease

      Retail and restaurant spaces available in Middletown, Rhode Island.
      77 E Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space available near Staples, Aldi, and Home Depot.
      870 W Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      15,000 SF

      Middletown Office Space Available

      15,000 sqft office space for rent in Middletown, RI.
      88 Silva Ln, Middletown, RI 02842
      View Details
    • Contact for pricing
      12,500 SF

      Middletown Office Space Available

      Office space available for rent in Middletown, Rhode Island.
      76 Hammarlund Way, Middletown, RI 02842
      View Details
    • $32 SF/Yr

      Retail/Office Building on Main Road

      Freestanding building suitable for retail or office use.
      124 E Main Rd, Middletown, RI 02842
      View Details
    • $17 SF/Yr
      1,484 SF

      West Main Road Office Suite

      1,484 sq ft Office Space, Newport County
      1259 Main Rd, Middletown, RI 02842
      View Details
    • $22 SF/Yr
      967 SF

      Midtown RI Office Suites Available

      Prime Middletown location, various sizes.
      1272 Main Rd, Middletown, RI 02842
      View Details
    • $62,916
      11,848 SF

      Middletown, RI Office Space Available

      11,848 SF Office Building, Flexible Suites
      127 Johnny Cake Hill Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      40,933 SF

      Middletown Office Space for Lease

      Prime RI Office Suites, Ample Parking
      850 Aquidneck Ave, Middletown, RI 02842
      View Details
    • Contact for pricing
      9,200 SF

      Aquidneck Centre Retail Space For Lease

      High-traffic retail spaces available now!
      77 Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      10,646 SF

      Retail Space in Middletown Center

      Retail space available in shopping center with pylon signage.
      872-890 W Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space with Restaurant Infrastructure

      Corner retail location with existing restaurant infrastructure and high traffic.
      593 W Main Rd, Middletown, RI 02842
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for rent in Middletown, Rhode Island.
    Where is this office units located?
    The property is located at 55 Hammarlund Way Middletown, RI.
    What are key features of this property?
    This property features: - Office space available for rent; - Located in Middletown, Rhode Island
    (401) 621-4338
    Request Owner's contact information
    55 Hammarlund Way Middletown, RI 02842
    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.
    55 Hammarlund Way
    Middletown, RI 02842
    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
    55 Hammarlund Way Middletown, RI 02842
    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
    Alden Anderson
    Alden Anderson
    (401) 621-4338
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!