Renovated Flex
For Sale
Contact for pricing
5800 Post Road, East Greenwich, RI 02818
Updated multi-tenant property with contractor units and General Business zoning.
Property Size4,500 SF
Price / SF$154.44
Days on Market137
Property Features for 5800 Post Road
General Information
Standard status
Active
Size
4,500 SF
Property subtype
INDUSTRIAL
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 523-5101
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 29 at 2:17PM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This renovated flex space contains approximately 4,500 square feet within a 0.21-acre property. The building accommodates multiple tenants and includes contractor units, providing a configuration suited to varied commercial occupancy. Ceiling clearance ranges from 17 to 20 feet, and the property has 100 AMP electrical service.
The property is zoned General Business and offers exposure along heavily traveled RT-1. It is approximately 1 mile from RT-4 and a five-minute drive from I-95, connecting the site with key regional routes.
The property is zoned General Business and offers exposure along heavily traveled RT-1. It is approximately 1 mile from RT-4 and a five-minute drive from I-95, connecting the site with key regional routes.
Key Highlights
- Recently renovated 4,500± SF building on 0.21± acres
- Multiple‑tenant configuration with contractor units
- 17‑20 FT ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,676
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$553,520
$553.5K
Cap Rate 7%
$395,371
$395.4K
Cap Rate 9%
$307,511
$307.5K
Market Conditions
NOI Build-Up for 4,500 SF
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.
Gross rent
$44.8K $9.96/SF
− Vacancy
−$2.2K −$0.50/SF
EGI
$42.6K $9.46/SF
− OpEx
−$14.9K −$3.31/SF
NOI
$27.7K $6.15/SF
Area
Kent County, RI
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$553,520
Cap Rate 7%
$395,371
Cap Rate 9%
$307,511
Alternative Uses
Best Use
Flex RnD
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 3.98%
Second Best
Warehouse
$313.1K
$274.0K – $365.3K
NOI $21,917 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$1.13M
$986.2K – $1.31M
NOI $78,894 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- O'Shucks Catering — 5707 Post Rd, East Greenwich, RI 02818
Frequently Asked Questions
What type of property is this?
Flex space - Updated multi-tenant property with contractor units and General Business zoning.
Where is this flex space located?
The property is located at 5800 Post Road East Greenwich, RI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Recently renovated 4,500± SF building on 0.21± acres; Multiple‑tenant configuration with contractor units; 17‑20 FT ceiling height
