Tradesman Flex Condominium
355 Compass Circle UNIT 10 North Kingstown, RI 02852
355 Compass Circle UNIT 10, North Kingstown, RI, 02852
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For Sale
Contact for pricing
Turn-key tradesman unit with a 12-foot garage door, 18-foot ceilings, and a mezzanine for office or storage.
Property Size1,375 SF
Price / SF$198.18
Days on Market47
Property Features for 355 Compass Circle UNIT 10
General Information
- Standard status
- Active
- Size
- 1,375 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing agency
Carty Realty
(401) 783-0044
Listed by
David Carty
Source
Crexi
Added: Jun 6 Updated: Jul 22 at 12:29PM Checked: Jul 22 at 12:29PM
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 Carty Realty
Investment Insights
Based on property information with market context.
This turn-key tradesman flex condominium unit is located within the Davisville–Quonset Business Park and is set up for practical day-to-day work. The unit includes a 12-foot garage door and 18-foot ceilings, along with a mezzanine that can be used for office or additional storage. Electrical features include extra outlets, lighting for work stations, and a lavatory.
The offering is for sale and is described as a condominium unit at 355 Compass Circle, Unit 10.
This configuration provides a combination of functional overhead height and an internal mezzanine level to support both work and administrative needs within the same space.
The offering is for sale and is described as a condominium unit at 355 Compass Circle, Unit 10.
This configuration provides a combination of functional overhead height and an internal mezzanine level to support both work and administrative needs within the same space.
Key Highlights
- Tradesman unit at Davisville‑Quonset Business Park, built in 2005
- 12‑foot garage door for loading or shop access
- 18‑foot ceilings
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.7k | $9.96 |
| − Vacancy | −$685 | −$0.50 |
| EGI | $13.0k | $9.46 |
| − OpEx | −$4.6k | −$3.31 |
| NOI | $8.5k | $6.15 |
1,375 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$120.8K
$105.7K – $141.0K
NOI $8,457 @ 7.0% cap · market cap 3.10%
Second Best
Warehouse
$111.6K
$97.7K – $130.2K
NOI $7,813 @ 7.0% cap · market cap 2.87%
Theoretical Best
Healthcare Medical
$274.7K
$240.4K – $320.5K
NOI $19,231 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Antique Furnishings Inc
Home Decor Store
CJP Auto Detailing
Car Wash
Allied Plumbing & Heating
Plumbing Service
Business Education Publishing
Publishing House
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FAQs
What type of property is this?
Flex space - Turn-key tradesman unit with a 12-foot garage door, 18-foot ceilings, and a mezzanine for office or storage.
Where is this flex space located?
The property is located at 355 Compass Circle UNIT 10 North Kingstown, RI.
What is the asking price?
The asking price for this property is $272,500.
What are key features of this property?
This property features: Tradesman unit at Davisville‑Quonset Business Park, built in 2005; 12‑foot garage door for loading or shop access; 18‑foot ceilings
