Loft-Style Office
311 Main Street, South Kingstown, RI 02879
For Sale
Contact for pricing
Street-level access and a loft-inspired interior characterize these offices.
Property Size500 SF
Price / SF$0.05
Days on Market27
Property Features for 311 Main Street
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Compass
(401) 364-3388
Listed By:
Scot HALLBERG · License #REB.0015643
(401) 783-9611
Source:
Lockandkeyre
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 5:45AM
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 Compass
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Investment Insights
Based on property information with market context.
Office space at 311 Main Street offers a loft-style interior with high ceilings and large windows. The property provides direct access from the street on the first floor.
Built in 1900, the building is located in South Kingstown, Rhode Island.
Built in 1900, the building is located in South Kingstown, Rhode Island.
Key Highlights
- High ceilings and large windows
- First‑floor street access
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,787
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,740
$115.7K
Cap Rate 7%
$82,671
$82.7K
Cap Rate 9%
$64,300
$64.3K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$10.0K $20.04/SF
− Vacancy
−$2.3K −$4.61/SF
EGI
$7.7K $15.43/SF
− OpEx
−$1.9K −$3.86/SF
NOI
$5.8K $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%
$115,740
Cap Rate 7%
$82,671
Cap Rate 9%
$64,300
Alternative Uses
Best Use
Office B
$82.7K
$72.3K – $96.5K
NOI $5,787 @ 7.0% cap · market cap 22,257.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$99.9K
$87.4K – $116.6K
NOI $6,993 @ 7.0% cap · market cap 26,896.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
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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
$515,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Washington County, RI
Properties on Market for Office Units in Washington County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Street-level access and a loft-inspired interior characterize these offices.
Where is this office unit located?
The property is located at 311 Main Street South Kingstown, RI.
What are key features of this property?
This property features: High ceilings and large windows; First‑floor street access; Built in 1900
