East Greenwich Freestanding Office
For Sale
Contact for pricing
5670 Post Road, East Greenwich, RI 02818
Freestanding office building with 12 parking spaces in East Greenwich.
Property Size1,560 SF
Price / SF$384.62
Days on Market874
Property Features for 5670 Post Road
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
12
Property subtype
Office
Building Details
Year Built
1920
Buildings
1
Stories
2
Units
1
Listing Agency:
Compass / Lila Delman Compass
Listed By:
The Phipps Team
(401) 274-1644
Source:
Crexi
Added: May 24, 2024
Changed: Oct 6
Last Checked: Oct 12 at 6:50PM
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 Compass / Lila Delman Compass
Investment Insights
Based on property information with market context.
This freestanding office building is located on Post Road next to Siena/Greenwich Plaza, offering high visibility. The property features over 1500 sq ft of interior space across two levels and includes 12 dedicated parking spaces. Currently used as an office, the property is zoned for commercial uses, suggesting potential for various business applications. The interior is bright and open, with recent updates, and includes individual offices and open space suitable for meetings or presentations. The property benefits from a low-maintenance exterior and interior. Located in East Greenwich, this property offers a prominent presence.
Key Highlights
- Prime location on Post Road next to Siena/Greenwich Plaza with great visibility.
- 12 dedicated parking spaces.
- Over 1500 sq ft of interior space on 2 levels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,157
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,140
$383.1K
Cap Rate 7%
$273,671
$273.7K
Cap Rate 9%
$212,856
$212.9K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$32.2K $20.64/SF
− Vacancy
−$6.7K −$4.27/SF
EGI
$25.5K $16.37/SF
− OpEx
−$6.4K −$4.09/SF
NOI
$19.2K $12.28/SF
Area
Kent County, RI
Vacancy
20.67%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,140
Cap Rate 7%
$273,671
Cap Rate 9%
$212,856
Alternative Uses
Best Use
Office B
$273.7K
$239.5K – $319.3K
NOI $19,157 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$390.7K
$341.9K – $455.8K
NOI $27,350 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 02818, RI
19,907
Population
8,623
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
939
Density / Sq Mi
$120,952
Median Household Income
$72,985
Median Earnings
$1,384
Median Rent
$564,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with 12 parking spaces in East Greenwich.
Where is this office building located?
The property is located at 5670 Post Road East Greenwich, RI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location on Post Road next to Siena/Greenwich Plaza with great visibility.; 12 dedicated parking spaces.; Over 1500 sq ft of interior space on 2 levels.
