Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Charlestown Lot For Sale Title is generated by Realmo AI

    5259 Old Post, Charlestown, RI 02813

    View on Map
    Claim this Listing
    For Sale
    $425,000

    0.67-acre lot zoned for commercial and residential use.

    Type:Commercial
    Property size:
    4,485 SF
    Lot size:
    0.67 Acres
    Price / SF:
    $94/SF
    Added:
    Sep 30, 2025
    Days on Market:
    245
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 5259 Old Post

    General Information

    Standard status
    Active
    Size
    4,485 SF
    Lot size
    0.67 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    FITZPATRICK TEAM

    Listing agent FITZPATRICK TEAM

    Listing office RE/MAX RESULTS

    Listing date Sep 30, 2025

    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 RE/MAX RESULTS

    HighLights

    • Zoned for both commercial and residential use
    • 0.67‑acre lot in a highly accessible Charlestown location
    • Private pull‑off drive provides privacy
    • Opportunity for a new build or renovation project
    • Potential for a live/work space or home‑based business
    • Proximity to beaches, schools, restaurants, and shopping

    Overview

    This 0.67-acre property is zoned for both commercial and residential use, presenting the opportunity for a custom home, seasonal retreat, or live/work space. Located in Charlestown, the lot includes two existing structures: a former restaurant at the front and a secondary building in the rear. Both structures require full renovation or demolition. The property is set off a private pull-off drive just off Route 1, providing privacy while maintaining proximity to beaches, schools, restaurants, and shopping. This versatile lot offers space, visibility, and potential for a new build with room for a home-based business or a renovation project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Department Store Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.7212
    Latitude
    41.3549

    Nearby Similar for Sale

    • $350,000
      1,000 SF

      Commercial Development on Old Post

      Modern commercial development with flexible options in Charlestown, Rhode Island.
      3769 Old Post Road, Charlestown, RI 02813
      View Details
    • $169,900

      Charlestown Buildable Lot Near Coast

      Buildable lot near Green Hill Pond with approved septic plans.
      Cedar Road, Charlestown, RI 02813
      View Details
    • $3,000,000
      14,474 SF

      Charlestown Boutique Hotel Opportunity

      Boutique hotel with restaurant, pub, and suites.
      10 Prosser, Charlestown, RI 02813
      View Details
    • $350,000
      4,000 SF

      Modern Commercial Development Opportunity

      New commercial development with customizable units for sale.
      3769 Old Post Road, Charlestown, RI 02813
      View Details
    • $350,000
      1,000 SF

      Commercial Development Opportunity

      Commercial development opportunity with customizable shells for various business types.
      3769 Old Post, Charlestown, RI 02813
      View Details
    • $150,000
      19,602 SF

      Prime Commercial Land Opportunity

      Two C3-zoned lots on Post Rd, Charlestown, RI.
      5717 Post Road, Charlestown, RI 02813
      View Details
    • $150,000

      Prime Lots on Post Rd

      Two C3-zoned lots on Post Rd, Charlestown, RI.
      5717 Post, Charlestown, RI 02813
      View Details
    • $2,295,000
      10,144 SF

      Charlestown Hotel with Renovation Potential

      Two-story hotel with 28 rooms on Post Road.
      5407 Post, Charlestown, RI 02813
      View Details
    • $5,790,000

      Versatile Investment Opportunity in Charlestown

      12.2-acre property with manufactured home park and motel.
      5407 Post, Charlestown, RI 02813
      View Details
    • $975,000

      Waterfront Land with Cottage

      Two parcels with water views and access to Quonochontaug Pond.
      853 W Beach, Charlestown, RI 02813
      View Details
    • $1,150,000

      Waterfront Land with Cottage

      Waterfront land with views and access to Quonochontaug Pond.
      853 W Beach, Charlestown, RI 02813
      View Details
    • $2,295,000

      Charlestown Hotel Opportunity For Sale

      28-room hotel on Post Road in Charlestown, Rhode Island.
      5407 Post Rd, Charlestown, RI, 02813-1734
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.67-acre lot zoned for commercial and residential use.
    Where is this commercial land located?
    The property is located at 5259 Old Post Charlestown, 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: Zoned for both commercial and residential use; 0.67‑acre lot in a highly accessible Charlestown location; Private pull‑off drive provides privacy
    (401) 848-7827
    We can help!
    Listing Contact
    FITZPATRICK TEAM
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5259 Old Post, Charlestown, RI 02813
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!