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    Commercial Office Building For Sale Title is generated by Realmo AI

    450 Old Baptist, North Kingstown, RI 02852

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    For Sale
    $425,000

    Two-level office building with garage access and on-site storage.

    Type:Commercial
    Property size:
    2,653 SF
    Price / SF:
    $160/SF
    Added:
    Apr 22, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 22 at 8:24 pm

    Property Features for 450 Old Baptist

    General Information

    Standard status
    Active
    Size
    2,653 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1973

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    Listing Contact
    DAVID CARTY

    Listing agent DAVID CARTY

    Listing office CARTY REALTY

    Listing date Apr 22, 2026

    Source Corcoran

    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

    HighLights

    • Highly desirable location
    • Versatile property suitable for a variety of business uses
    • Two‑level commercial office building
    • Close proximity to major routes (Rte.#4, Rte#2, Rte#102, and Rte#95)
    • Garage access
    • On‑site storage container

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $37,105 @ 7.0% cap · market cap 8.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Pegasus Marketing AI Advertising Agency Ocean State Consulting Advertising Agency Aqualified LLC General Contractor

    Suggested Use

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

    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
    -71.4809565
    Latitude
    41.6021946

    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
    More about this property
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