Accessible Medical Office
163 Main Street, South Kingstown, RI 02879
For Sale
$1,150,000
A six-room clinical layout includes a separate exercise room, staff area, and finished lower-level space.
Property Size2,920 SF
Lot Size0.38 Acres
Price / SF$393.84
Days on Market12
Property Features for 163 Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Additional Details
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Sweeney Real Estate &Appraisal
Listed By:
Christina Rouse · License #REB.0019720
(401) 556-1243
Source:
Residentialproperties
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:56AM
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 Sweeney Real Estate &Appraisal
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Investment Insights
Based on property information with market context.
Built in 2003, this ADA-compliant medical office property contains 2,420 square feet, plus 500 square feet of finished lower-level space, on a 0.38-acre lot. The current layout includes reception and waiting areas, six treatment rooms, a private office, a staff break room, and a dedicated exercise room. There are 17 on-site parking spaces, along with more than 95 feet of Main Street frontage and property signage.
At 163 Main Street in South Kingstown, the building sits in a downtown commercial corridor among established businesses and along a bus route. Commercial Downtown (CD) zoning supports a range of potential commercial uses.
At 163 Main Street in South Kingstown, the building sits in a downtown commercial corridor among established businesses and along a bus route. Commercial Downtown (CD) zoning supports a range of potential commercial uses.
Key Highlights
- 2,420 square feet plus 500 square feet of finished lower‑level space
- Six treatment rooms, reception and waiting areas, private office, staff break room, and exercise room
- ADA‑compliant building constructed in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,839
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,780
$816.8K
Cap Rate 7%
$583,414
$583.4K
Cap Rate 9%
$453,767
$453.8K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$73.6K $25.20/SF
− Vacancy
−$5.5K −$1.89/SF
EGI
$68.1K $23.31/SF
− OpEx
−$27.2K −$9.32/SF
NOI
$40.8K $13.99/SF
Area
Washington County, RI
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,780
Cap Rate 7%
$583,414
Cap Rate 9%
$453,767
Alternative Uses
Best Use
Healthcare Medical
$583.4K
$510.5K – $680.7K
NOI $40,839 @ 7.0% cap · market cap 3.55%
Second Best
Office B
$482.8K
$422.4K – $563.2K
NOI $33,793 @ 7.0% cap · market cap 2.94%
Theoretical Best
—
—
same as Best Use
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02879, RI
20,982
Population
11,959
Households
1.8
Avg Household Size
51
Median Age
59%
College-Educated
95%
High-School Grad
39.5 sq mi
ZIP Area
531
Density / Sq Mi
$115,848
Median Household Income
$56,125
Median Earnings
$1,281
Median Rent
$515,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- South County Veterinary Hospital — 481 Main St, Wakefield, RI 02879
- South County Veterinary Hospital: Otis E J DVM — 481 Main St, Wakefield, RI 02879
- Troob Marc DVM — 481 Main St, Wakefield, RI 02879
- Green Deborah DVM — 481 Main St, Wakefield, RI 02879
- South County Veterinary Hospital: Roy Peter DVM — 481 Main St, Wakefield, RI 02879
Frequently Asked Questions
What type of property is this?
Medical Office Space - A six-room clinical layout includes a separate exercise room, staff area, and finished lower-level space.
Where is this medical office space located?
The property is located at 163 Main Street South Kingstown, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,420 square feet plus 500 square feet of finished lower‑level space; Six treatment rooms, reception and waiting areas, private office, staff break room, and exercise room; ADA‑compliant building constructed in 2003
