Multi-Building Strip Mall
For Sale
$2,195,000
7440 Post Road 7456, North Kingstown, RI 02852
Multi-building plaza with 7–8 units, 50 parking spots, separate electric and gas meters, and public sewer connection.
Property Size9,780 SF
Lot Size1.77 Acres
Price / SF$224.44
Days on Market76
Property Features for 7440 Post Road 7456
General Information
Standard status
Active
Size
9,780 SF
Total Parking Spaces
50
Lot size
1.77 Acres
Zoning
PR
Net Operating Income
$104,800
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,236
Amenities
PublicRestrooms
Golf, Pool, Restaurant, Tennis Court(s), Street Lights
Central Air
Forced Air
Building Details
Building Size
9,780 SF
Year Built
1970
Buildings
3
Stories
2
Listing Agency:
RI Real Estate Services
Listed By:
Michael Russo · License #REB.0018125
(401) 465-0417
Source:
Evrealestate
Added: Jul 23
Changed: Oct 1
Last Checked: Oct 5 at 6:16PM
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 RI Real Estate Services
Investment Insights
Based on property information with market context.
This multi-building strip mall/plaza is configured with 2 one-level strip malls, a freestanding mixed-use building, and 7–8 total units. The property sits on approximately 1.77 acres and includes 50 parking spaces. Units are separately metered for electric and natural gas, supporting flexible operations across the center.
The property is connected to public sewers and is located within a commercial PR zone that allows for a variety of uses, including retail, QSR/fast food, office, and more. It is positioned for convenient access to the surrounding North Kingstown area and major routes.
Offered for sale as a well-maintained, multi-tenant commercial asset, this center provides an established, separately metered setup designed to accommodate multiple business configurations under its permitted commercial zoning.
The property is connected to public sewers and is located within a commercial PR zone that allows for a variety of uses, including retail, QSR/fast food, office, and more. It is positioned for convenient access to the surrounding North Kingstown area and major routes.
Offered for sale as a well-maintained, multi-tenant commercial asset, this center provides an established, separately metered setup designed to accommodate multiple business configurations under its permitted commercial zoning.
Key Highlights
- Multi‑building strip mall/plaza built in 1970 on a 1.77‑acre parcel
- 7–8 unit configuration including two one‑level strip malls plus a freestanding mixed‑use building
- 50 parking spots on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,164
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,983,280
$2.0M
Cap Rate 7%
$1,416,629
$1.4M
Cap Rate 9%
$1,101,822
$1.1M
Market Conditions
NOI Build-Up for 9,780 SF
Gross rent
$147.9K $15.12/SF
− Vacancy
−$6.2K −$0.64/SF
EGI
$141.7K $14.48/SF
− OpEx
−$42.5K −$4.35/SF
NOI
$99.2K $10.14/SF
Area
Washington County, RI
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,983,280
Cap Rate 7%
$1,416,629
Cap Rate 9%
$1,101,822
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,164 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.95M
$1.71M – $2.28M
NOI $136,783 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
13,431 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
3,276 visits/mo
0.3 miles
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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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-building plaza with 7–8 units, 50 parking spots, separate electric and gas meters, and public sewer connection.
Where is this strip mall located?
The property is located at 7440 Post Road 7456 North Kingstown, RI.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Multi‑building strip mall/plaza built in 1970 on a 1.77‑acre parcel; 7–8 unit configuration including two one‑level strip malls plus a freestanding mixed‑use building; 50 parking spots on site
