Remodeled Office Condo with
19 John Clarke Road Middletown Middletown, RI 02842
19 John Clarke Road Middletown, Middletown, RI, 02842
$1,500,000
For Sale
$1,500,000
Updated office space with water views and expansion potential.
Property Size4,662 SF
Price / SF$321.75
Days on Market62
Property Features for 19 John Clarke Road Middletown
General Information
- Standard status
- Active
- Size
- 4,662 SF
Building Details
- Year Built
- 1978
Listing Agency
(508) 501-1443
Listed by
Brian DaSilva
(508) 501-1443
Source
Milestonerealtyinc
Added: May 16 Checked: Jul 16 at 2:02 am
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 Brian DaSilva
Investment Insights
Based on property information with market context.
Located in the Aquidneck Corporate Park, this commercial condo offers 4,662 square feet of remodeled and updated office space with water views over Easton's Pond toward Easton's Beach. The layout includes a spacious entrance, five private offices, cubicle workspaces, and a large conference room with a retractable partition. The unit also features a kitchen, two bathrooms, a workshop area, and storage space. An additional 1,722-square-foot mezzanine offers potential for expanded office space, rental income, storage, or future build-out. The property is located in Middletown and includes on-site parking. This property is suitable for professional, creative, or service-based businesses.
Key Highlights
- Desirable Aquidneck Corporate Park location with water views of Easton's Pond and Easton's Beach.
- 4,662 sq ft of remodeled and updated office space with abundant natural light.
- 1,722 sq ft mezzanine offering potential for expansion, rental income, or storage.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $16.08 |
| − Vacancy | −$15.5k | −$3.32 |
| EGI | $59.5k | $12.76 |
| − OpEx | −$14.9k | −$3.19 |
| NOI | $44.6k | $9.57 |
4,662 SF · lease $16.08/SF/yr · vacancy 20.67% · expense 25.00%
Alternative Uses
Best Use
Office B
$637.2K
$557.5K – $743.4K
NOI $44,602 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.11M
$973.3K – $1.30M
NOI $77,866 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harken Yacht Fittings
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Updated office space with water views and expansion potential.
Where is this office units located?
The property is located at 19 John Clarke Road Middletown Middletown, RI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Desirable Aquidneck Corporate Park location with **water views of Easton's Pond and Easton's Beach.**; **4,662 sq ft of remodeled and updated office space with abundant natural light.**; 1,722 sq ft mezzanine offering potential for expansion, rental income, or storage.
