Medical Office
1407 S County Trl, East Greenwich, RI 02818
For Sale
Contact for pricing
Medical office park in East Greenwich on the Medical Mile, surrounded by other medical office tenants.
Property Size7,666 SF
Price / SF$224.37
Days on Market148
Property Features for 1407 S County Trl
General Information
Standard status
Size
Property subtype
Listing Agency:
MG Commercial
(401) 751-3200
Listed By:
Whitney Rugg · License RI RES.0049709
(401) 474-4879
Source:
Moodyscre
Added: Jun 16
Changed: Nov 8
Last Checked: Nov 8 at 4:22AM
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 MG Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office park offers a total of 7,666 SF of flexible medical space within a concentrated healthcare environment. The property is described as being surrounded by numerous medical office tenants, supporting a like-tenant mix within the same medical office setting.
1407 S County Trl in East Greenwich places the building on the region’s “Medical Mile,” with convenient access to nearby amenities described in the remarks as being moments away.
For medical users seeking a dedicated medical office setting, this property provides a straightforward option within an established cluster of medical office tenants.
1407 S County Trl in East Greenwich places the building on the region’s “Medical Mile,” with convenient access to nearby amenities described in the remarks as being moments away.
For medical users seeking a dedicated medical office setting, this property provides a straightforward option within an established cluster of medical office tenants.
Key Highlights
- 7,666 SF medical office park
- Located on the “Medical Mile”
- Surrounded by numerous medical office tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,875
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,297,500
$2.3M
Cap Rate 7%
$1,641,071
$1.6M
Cap Rate 9%
$1,276,389
$1.3M
Market Conditions
NOI Build-Up for 7,666 SF
Gross rent
$207.0K $27.00/SF
− Vacancy
−$15.5K −$2.03/SF
EGI
$191.5K $24.98/SF
− OpEx
−$76.6K −$9.99/SF
NOI
$114.9K $14.99/SF
Area
Kent County, RI
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,297,500
Cap Rate 7%
$1,641,071
Cap Rate 9%
$1,276,389
Alternative Uses
Best Use
Healthcare Medical
$1.64M
$1.44M – $1.91M
NOI $114,875 @ 7.0% cap · market cap 6.68%
Second Best
Office B
$1.34M
$1.18M – $1.57M
NOI $94,141 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,400 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02818, RI
19,907
Population
8,623
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
939
Density / Sq Mi
$120,952
Median Household Income
$72,985
Median Earnings
$1,384
Median Rent
$564,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Kent County, RI
Properties on Market for Medical Office Space in Kent County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Pia Torres — 1480 S County Trl, East Greenwich, RI 028181627
- Ocean State Veterinary Specialists — 1480 S County Trl, East Greenwich, RI 02818
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office park in East Greenwich on the Medical Mile, surrounded by other medical office tenants.
Where is this medical office space located?
The property is located at 1407 S County Trl East Greenwich, RI.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: 7,666 SF medical office park; Located on the “Medical Mile”; Surrounded by numerous medical office tenants
