Commercial Office Building For
450 Old Baptist North Kingstown, RI 02852
450 Old Baptist, North Kingstown, RI, 02852
$425,000
For Sale
$425,000
Two-level office building with garage access and on-site storage.
Property Size2,653 SF
Price / SF$160.20
Days on Market86
Property Features for 450 Old Baptist
General Information
- Standard status
- Active
- Size
- 2,653 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing Agency
CARTY REALTY
(401) 783-0044
Listed by
DAVID CARTY
Source
Corcoran
Added: Apr 22 Checked: Jul 16 at 4:28 am
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 commercial office building is situated in a desirable location. The property features two levels and a welcoming entry foyer. Garage access is available, along with an on-site storage container. The property is suitable for a variety of business uses. It is located close to major routes, including Rte.#4, Rte#2, Rte#102, and Rte#95. The property has a size of 2,653 square feet.
Key Highlights
- Highly desirable location
- Versatile property suitable for a variety of business uses
- Two‑level commercial office building
Local Financial Insights For Office B
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 | $53.2k | $20.04 |
| − Vacancy | −$12.2k | −$4.61 |
| EGI | $40.9k | $15.43 |
| − OpEx | −$10.2k | −$3.86 |
| NOI | $30.7k | $11.57 |
2,653 SF · lease $20.04/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$438.6K
$383.8K – $511.7K
NOI $30,703 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$530.1K
$463.8K – $618.4K
NOI $37,105 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pegasus Marketing AI
Advertising Agency
Ocean State Consulting
Advertising Agency
Aqualified LLC
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-level office building with garage access and on-site storage.
Where is this office building located?
The property is located at 450 Old Baptist North Kingstown, RI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Highly desirable location; Versatile property suitable for a variety of business uses; Two‑level commercial office building
