Office Condo with Surface
New
For Sale
$165,000
204-a-400 South County Trail, Exeter, RI 02822
An office unit in a colonial-style park setting with unassigned surface parking.
Property Size812 SF
Price / SF$203.20
Days on Market3
Property Features for 204-a-400 South County Trail
General Information
Standard status
Active
Size
812 SF
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,312
Building Details
Construction
colonial
Listing Agency:
Edge Realty RI
(401) 783-1007
Listed By:
Matthew Price
(631) 835-6519
Source:
Exprealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:50PM
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.
This 812-square-foot office condominium is Unit 204A at Liberty Hill Office Park in Exeter. The building has colonial-style architecture, and the surrounding grounds are described as well maintained. Extensive unassigned surface parking serves the office park.
The property is off Route 2, also identified as South County Trail, with Route 4 and I-95 cited as nearby routes. Kingston and South Kingstown amenities are also referenced in the property information.
The property is off Route 2, also identified as South County Trail, with Route 4 and I-95 cited as nearby routes. Kingston and South Kingstown amenities are also referenced in the property information.
Key Highlights
- 812‑square‑foot office condominium, Unit 204A
- Extensive unassigned surface parking
- Located off Route 2 (South County Trail)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,397
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,940
$187.9K
Cap Rate 7%
$134,243
$134.2K
Cap Rate 9%
$104,411
$104.4K
Market Conditions
NOI Build-Up for 812 SF
Gross rent
$16.3K $20.04/SF
− Vacancy
−$3.7K −$4.61/SF
EGI
$12.5K $15.43/SF
− OpEx
−$3.1K −$3.86/SF
NOI
$9.4K $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%
$187,940
Cap Rate 7%
$134,243
Cap Rate 9%
$104,411
Alternative Uses
Best Use
Office B
$134.2K
$117.5K – $156.6K
NOI $9,397 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$162.2K
$142.0K – $189.3K
NOI $11,357 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway 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 - An office unit in a colonial-style park setting with unassigned surface parking.
Where is this office unit located?
The property is located at 204-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: 812‑square‑foot office condominium, Unit 204A; Extensive unassigned surface parking; Located off Route 2 (South County Trail)
