Building Details

Year built 2026

Number of units 1

Building materials Frame

Listing Agency: Hogan Associates Christie's l***@hoganri.com Show Phone

Listed By: Kevan Campbell · License #RES.0034444 Show Phone

Added: Sep 9, 2025 Changed: Aug 19 Last Checked: Oct 6 at 7:06PM

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MLS# 1394804

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This under-construction mixed-use commercial development will include five frame buildings measuring 4,000 square feet each, with space offered in 1,000-square-foot units. The units will be delivered as customizable shells, allowing purchasers or tenants to plan interior build-outs around retail, office, medical, or service uses. Completion of the initial buildings is scheduled for Q1 2026.

The 9.1-acre property is located at 3769 Old Post Road in Charlestown, near Route 1. Site features include off-street parking, ADA-compliant entrances, well water, and septic service. The property is zoned TVD, and professional management is planned for the development.

Key Highlights

• Five new 4,000 sq. ft. buildings planned within the development
• Units offered in 1,000 sq. ft. increments
• 9.1‑acre property at 3769 Old Post Road, Charlestown, RI 02813

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,986

Cap Rate

4.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$279,720 $279.7K

Cap Rate 7%

$199,800 $199.8K

Cap Rate 9%

$155,400 $155.4K

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$25.2K $25.20/SF

− Vacancy

−$1.9K −$1.89/SF

EGI

$23.3K $23.31/SF

− OpEx

−$9.3K −$9.32/SF

NOI

$14.0K $13.99/SF

Area

Washington County, RI

Vacancy

7.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$279,720

Cap Rate 7%

$199,800

Cap Rate 9%

$155,400

Alternative Uses

Best Use

Healthcare Medical

$199.8K

$174.8K – $233.1K (±1% cap)

NOI $13,986 @ 7.0% cap · market cap 4.00%

Second Best

Office B

$165.3K

$144.7K – $192.9K (±1% cap)

NOI $11,573 @ 7.0% cap · market cap 3.31%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Abstract Insurance Inc Insurance Agency Energy Rejuvenation Alternative Medicine Practice Liberty Advanced Integrative ... Medical Clinic Charlestown Urgent Care Medical Clinic Gupta Rajesh MD Physician

Suggested Use

Top Pick Building Supply Auto Repair Shop Law Firm Hair Salon Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

87

Businesses Nearby

Explore this area Business Placement

Demographics for 02813, RI

8,021

Population

5,334

Households

1.5

Avg Household Size

53

Median Age

42%

College-Educated

94%

High-School Grad

36.7 sq mi

ZIP Area

219

Density / Sq Mi

$103,147

Median Household Income

$53,783

Median Earnings

$1,499

Median Rent

$467,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - New shell space supports customizable retail, office, medical, and service-oriented build-outs with on-site parking and ADA-compliant entrances.

Where is this mixed-use property located?

The property is located at 3769 Old Post Road Charlestown, RI.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Five new 4,000 sq. ft. buildings planned within the development; Units offered in 1,000 sq. ft. increments; 9.1‑acre property at 3769 Old Post Road, Charlestown, RI 02813