Office/Retail
For Sale
Contact for pricing
95 Nooseneck Hill Rd, West Greenwich, RI 02817
1,588 SF building on 0.90 acres with heavy traffic and easy ingress/egress for office or retail use.
Property Size1,588 SF
Lot Size0.90 Acres
Price / SF$314.80
Days on Market1279
Property Features for 95 Nooseneck Hill Rd
General Information
Standard status
Active
Size
1,588 SF
Lot size
0.90 Acres
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Hayes & Sherry
(401) 273-2068
Listed By:
David T. Lucivero
Source:
Moodyscre
Added: Feb 6, 2023
Changed: Jul 29
Last Checked: Jul 29 at 6:59PM
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 Hayes & Sherry
Investment Insights
Based on property information with market context.
This office/retail building offers 1,588 SF of space on a 0.90-acre lot, positioned for convenient access. The offering includes easy ingress and egress and is noted for strong demo readiness, supporting a wide range of tenant or user plans.
The property benefits from heavy traffic, which can help support storefront visibility and customer traffic for office or retail users. On the site, the layout is described in the context of being well-suited for office and/or retail use, with practical site access for arrivals and deliveries.
Overall, this is a commercial building and site configuration designed for buyers or tenants looking for a straightforward office/retail platform with high traffic exposure and workable site access.
The property benefits from heavy traffic, which can help support storefront visibility and customer traffic for office or retail users. On the site, the layout is described in the context of being well-suited for office and/or retail use, with practical site access for arrivals and deliveries.
Overall, this is a commercial building and site configuration designed for buyers or tenants looking for a straightforward office/retail platform with high traffic exposure and workable site access.
Key Highlights
- 1,588 SF building
- 0.90 acres of land
- Heavy traffic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,528
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,560
$410.6K
Cap Rate 7%
$293,257
$293.3K
Cap Rate 9%
$228,089
$228.1K
Market Conditions
NOI Build-Up for 1,588 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.1K $18.96/SF
− Vacancy
−$783 −$0.49/SF
EGI
$29.3K $18.47/SF
− OpEx
−$8.8K −$5.54/SF
NOI
$20.5K $12.93/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,560
Cap Rate 7%
$293,257
Cap Rate 9%
$228,089
Alternative Uses
Best Use
Retail
$293.3K
$256.6K – $342.1K
NOI $20,528 @ 7.0% cap · market cap 4.11%
Second Best
Office B
$278.6K
$243.8K – $325.0K
NOI $19,501 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$397.7K
$348.0K – $464.0K
NOI $27,841 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 02817, RI
6,528
Population
2,509
Households
2.6
Avg Household Size
46
Median Age
35%
College-Educated
91%
High-School Grad
50.3 sq mi
ZIP Area
130
Density / Sq Mi
$137,485
Median Household Income
$64,676
Median Earnings
$1,977
Median Rent
$500,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 1,588 SF building on 0.90 acres with heavy traffic and easy ingress/egress for office or retail use.
Where is this retail space located?
The property is located at 95 Nooseneck Hill Rd West Greenwich, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,588 SF building; 0.90 acres of land; Heavy traffic
