Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3520 Quaker Ln North Kingstown, RI 02852

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,850 /Mo

    1100 SF retail space in North Kingstown business district.

    Property Features for 3520 Quaker Ln

    General Information

    Standard status
    Active

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Barry Alofsin
    Source: Corcoran

    Listing Agency: BHHS COMMONWEALTH REAL ESTATE Listing Agent: Barry Alofsin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Retail Space Available

    This property offers 1100 square feet of retail space situated in the Route 2 business district of North Kingstown. The location is directly across from a Toyota dealership, a Hyundai dealership, and the South County Medical Building. Previously used as a photography studio and office, the space can be provided in "vanilla box" condition, allowing for customized build-out. The plaza also houses Fin and Feather, U-Haul, and Slocum Equipment. The property features a large parking area and rear access. This space is suitable for various business or office needs.
    Location Intelligence

    Current Use by Public Records

    Just Train Gym & Fitness Center Fin & Feather Outfitters (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4952806
    Latitude
    41.6016624

    Nearby Similar for Lease

    • New
      $18 SF/Yr
      3,625 SF

      Industrial Flex Space Available

      Second floor commercial unit with flexible industrial space.
      220 Old Baptist Rd, North Kingstown, RI 02852
      View Details
    • $1,800 /Mo
      799 SF

      Turnkey Office Suite For Rent

      Professional office suite in a convenient, serene office park.
      1130 Ten Rod Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      7,330 SF

      North Kingstown Retail Building For Rent

      Freestanding, newly renovated retail building with garage near Quonset Business Park.
      6854 Post Rd, N Kingstown, RI 02852
      View Details
    • Contact for pricing
      7,737 SF

      Retail Space on State Highway

      Retail space with high visibility and accessibility.
      1300 Ten Rod Rd, North Kingstown, RI 02852
      View Details
    • $2,500 /Mo
      1,000 SF

      Versatile Commercial Unit For Lease

      Flexible commercial space ideal for various business and storage needs.
      335 Compass Cir, North Kingstown, RI 02852
      View Details
    • $2,500 /Mo
      1,000 SF

      Tradesman Space in Quonset

      Flexible space in Rhode Island's premier economic hub.
      335 Compass Cir, North Kingstown, RI 02852
      View Details
    • $1,350 /Mo
      1,150 SF

      Wickford Village Waterfront Commercial Space

      Open commercial space in Wickford Village, available January 2026.
      1 Phillips St, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      2,000 SF

      Regional Shopping Center Space Available

      Retail space for lease in well-established shopping center.
      6657 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space with High Traffic

      Retail space with prominent frontage and ample parking available for rent.
      104 Gate Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      11,463 SF

      Walmart Anchored Retail Space

      Retail space in Walmart-anchored shopping center with high visibility.
      1007 Ten Rod Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      3,665 SF

      Retail Space Near Business Park

      Retail space available near Quonset Business Park.
      118 Gate Rd, North Kingstown, RI 02852
      View Details
    • $9 SF/Yr
      10,000 SF

      Quonset Warehouse and Office Space

      10,000 SF warehouse/office space in Quonset, North Kingstown.
      342 Compass Cir, North Kingstown, RI 02852
      View Details

    FAQs

    What type of property is this?
    Retail space - 1100 SF retail space in North Kingstown business district.
    Where is this retail space located?
    The property is located at 3520 Quaker Ln North Kingstown, RI.
    What is the lease rate?
    The lease rate is $1,850 /Mo.
    What are key features of this property?
    This property features: - Prime retail location in the heart of the North Kingstown Business district on Rte 2.; - High-visibility location across from Toyota, Hyundai dealerships, and South County Medical Building.; - 1100 square feet of retail space.
    (401) 345-3100
    Request Owner's contact information
    3520 Quaker Ln North Kingstown, RI 02852
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3520 Quaker Ln
    North Kingstown, RI 02852
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3520 Quaker Ln North Kingstown, RI 02852
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Barry Alofsin
    Real Estate License ID: RES.0041106
    (401) 345-3100 (508) 810-0700 (401) 886-6100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!