Multi-Building Strip Mall
New
For Sale
$2,195,000
7440 Post, 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 Market7
Property Features for 7440 Post
General Information
Standard status
Active
Size
9,780 SF
Total Parking Spaces
50
Lot size
1.77 Acres
Property subtype
Commercial
Zoning
PR
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
Central air
Central Air Cooling
Circuit Breakers
Forced Air Heating
Individual Heating
Underground
Building Details
Year Built
1970
Listing Agency:
RI REAL ESTATE SERVICES
(401) 885-5400
Listed By:
MICHAEL RUSSO · License #REB.0017244
Source:
Corcoran
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 29 at 9:36AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.0k | $20.04 |
| − Vacancy | −$45.1k | −$4.61 |
| EGI | $150.9k | $15.43 |
| − OpEx | −$37.7k | −$3.86 |
| NOI | $113.2k | $11.57 |
9,780 SF · lease $20.04/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.89M
NOI $113,185 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$1.42M
$1.24M – $1.65M
NOI $99,164 @ 7.0% cap · market cap 4.52%
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
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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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 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
