Office Condo with Lobby
New
For Sale
$165,000
203-a-400 South County Trail, Exeter, RI 02822
Unit 203A is offered alongside adjacent Unit 204A, with the option to acquire the units separately or together.
Property Size878 SF
Price / SF$187.93
Days on Market7
Property Features for 203-a-400 South County Trail
General Information
Standard status
Active
Size
878 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,384
Listing Agency:
Edge Realty RI
(401) 783-1007
Listed By:
Matthew Price
(631) 835-6519
Source:
Exprealty
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 11:22AM
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 Edge Realty RI
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.
Office condo Unit 203A is positioned on the lobby and walk-out side of the building. Adjacent Unit 204A is also available, and the two units may be purchased individually or together.
The office park is located off Route 2, also known as South County Trail, in Exeter. Unassigned surface parking is available on site, and Route 4 and I-95 are identified as nearby transportation routes.
The office park is located off Route 2, also known as South County Trail, in Exeter. Unassigned surface parking is available on site, and Route 4 and I-95 are identified as nearby transportation routes.
Key Highlights
- Unit 203A is on the building’s lobby and walk‑out side
- Adjacent Unit 204A is available separately or in combination with Unit 203A
- Unassigned surface parking is available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,161
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,220
$203.2K
Cap Rate 7%
$145,157
$145.2K
Cap Rate 9%
$112,900
$112.9K
Market Conditions
NOI Build-Up for 878 SF
Gross rent
$17.6K $20.04/SF
− Vacancy
−$4.0K −$4.61/SF
EGI
$13.5K $15.43/SF
− OpEx
−$3.4K −$3.86/SF
NOI
$10.2K $11.57/SF
Area
Washington County, RI
Vacancy
23.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,220
Cap Rate 7%
$145,157
Cap Rate 9%
$112,900
Alternative Uses
Best Use
Office B
$145.2K
$127.0K – $169.4K
NOI $10,161 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$175.4K
$153.5K – $204.7K
NOI $12,280 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 02822, RI
5,960
Population
2,084
Households
2.9
Avg Household Size
48
Median Age
42%
College-Educated
86%
High-School Grad
54.4 sq mi
ZIP Area
110
Density / Sq Mi
$87,185
Median Household Income
$38,404
Median Earnings
$1,128
Median Rent
$469,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Unit 203A is offered alongside adjacent Unit 204A, with the option to acquire the units separately or together.
Where is this office unit located?
The property is located at 203-a-400 South County Trail Exeter, RI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Unit 203A is on the building’s lobby and walk‑out side; Adjacent Unit 204A is available separately or in combination with Unit 203A; Unassigned surface parking is available
