4-Unit Retail
For Sale
$1,200,000
250 South County Trail, Exeter, RI 02822
Two suites have tenants, while two vacant spaces are ready for occupancy.
Property Size6,480 SF
Price / SF$185.19
Days on Market152
Property Features for 250 South County Trail
General Information
Standard status
Active
Size
6,480 SF
Total Parking Spaces
50
Property subtype
Commercial
Zoning
RU-4
Taxes and HOA fees
Annual Taxes
$6,755
Building Details
Building Size
6,480 SF
Year Built
1988
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Kirby & Kirby
(401) 324-0048
Listed By:
Steve Kirby
(401) 862-6761
Source:
Berettarealty
Added: May 27
Changed: Oct 22
Last Checked: Oct 24 at 9:26PM
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 Kirby & Kirby
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Investment Insights
Based on property information with market context.
Built in 1988, this 6,480-square-foot retail plaza in Exeter contains four units. Two are occupied and two are vacant. The property is zoned RU-4, and one tenant holds a First Right of Refusal on a purchase offer.
Work completed in 2023 included new gutters, replacement of the dumpster enclosure fencing, repairs to entrance potholes, masonry inspection and corrections, and the start of landscaping management. In 2025, the well was brought into compliance with current code. The property uses a two-tank septic system with a primary grease trap, leach field, and two surface-level access covers.
Work completed in 2023 included new gutters, replacement of the dumpster enclosure fencing, repairs to entrance potholes, masonry inspection and corrections, and the start of landscaping management. In 2025, the well was brought into compliance with current code. The property uses a two-tank septic system with a primary grease trap, leach field, and two surface-level access covers.
Key Highlights
- Four retail units totaling 6,480 square feet
- Two units occupied and two vacant
- RU‑4 zoning; built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,704
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,080
$1.3M
Cap Rate 7%
$938,629
$938.6K
Cap Rate 9%
$730,044
$730.0K
Market Conditions
NOI Build-Up for 6,480 SF
Gross rent
$98.0K $15.12/SF
− Vacancy
−$4.1K −$0.64/SF
EGI
$93.9K $14.48/SF
− OpEx
−$28.2K −$4.35/SF
NOI
$65.7K $10.14/SF
Area
Washington County, RI
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,080
Cap Rate 7%
$938,629
Cap Rate 9%
$730,044
Alternative Uses
Best Use
Retail
$938.6K
$821.3K – $1.10M
NOI $65,704 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,629 @ 7.0% cap · market cap 7.55%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Two suites have tenants, while two vacant spaces are ready for occupancy.
Where is this strip mall located?
The property is located at 250 South County Trail Exeter, RI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four retail units totaling 6,480 square feet; Two units occupied and two vacant; RU‑4 zoning; built in 1988
