Commercial Office Building For
For Sale
$399,000
450 Old Baptist Rd, North Kingstown, RI 02852
Two-level office building with garage access and on-site storage.
Property Size2,653 SF
Price / SF$150.40
Days on Market188
Property Features for 450 Old Baptist Rd
General Information
Standard status
Active
Size
2,653 SF
Building Details
Year Built
1973
Listing Agency:
CARTY REALTY
Listed By:
David Carty · License #REB.0016121
(401) 792-3815
Source:
Alpernandmesenbourg
Added: Apr 22
Changed: Oct 25
Last Checked: Oct 7 at 3:44PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,703
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,060
$614.1K
Cap Rate 7%
$438,614
$438.6K
Cap Rate 9%
$341,144
$341.1K
Market Conditions
NOI Build-Up for 2,653 SF
Gross rent
$53.2K $20.04/SF
− Vacancy
−$12.2K −$4.61/SF
EGI
$40.9K $15.43/SF
− OpEx
−$10.2K −$3.86/SF
NOI
$30.7K $11.57/SF
Area
Washington County, RI
Vacancy
23.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,060
Cap Rate 7%
$438,614
Cap Rate 9%
$341,144
Alternative Uses
Best Use
Office B
$438.6K
$383.8K – $511.7K
NOI $30,703 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$530.1K
$463.8K – $618.4K
NOI $37,105 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 02852, RI
23,579
Population
10,589
Households
2.2
Avg Household Size
47
Median Age
49%
College-Educated
96%
High-School Grad
30.8 sq mi
ZIP Area
766
Density / Sq Mi
$112,457
Median Household Income
$60,020
Median Earnings
$1,188
Median Rent
$461,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 Rd North Kingstown, RI.
What is the asking price?
The asking price for this property is $399,000.
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
