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    161 Oak Hill Rd North Kingstown, RI 02852

    Sponsored
    For Sale
    Contact for pricing

    119,790 SF Land, 10,000 SF Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 161 Oak Hill Road in North Kingstown, Rhode Island, presents a unique investment opportunity. The property encompasses a substantial 119,790 square foot lot and includes a single-story, 10,000 square foot building constructed in 1860. The building features a desirable clear-span design, perfect for various industrial or distribution uses, and includes a large overhead door for easy loading and unloading of goods. Its convenient location offers excellent highway access, streamlining transportation and logistics. The property is zoned for industrial use, providing flexibility for a range of business operations. This single-unit property is situated in Washington County, Rhode Island, with a zip code of 02852. The asking price for this versatile and strategically located property is $11 million. The property's size and features make it ideal for businesses seeking a substantial footprint in a well-connected location. This is a rare opportunity to acquire a significant industrial property in a desirable Rhode Island market. The property's age reflects its established presence, offering potential for renovation or repurposing to meet specific business needs. The expansive lot size also allows for future expansion or development.

    Property Features for 161 Oak Hill Rd

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1860
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $11 million asking price.
    • 119,790 square foot lot.
    • 10,000 square foot building with clear span and large overhead door.
    • Good highway access.
    • Industrially zoned.
    • Located at 161 Oak Hill Road, North Kingstown, RI 02852.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4714653
    Latitude
    41.5569976

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    FAQs

    What type of property is this?
    Individual retail property - 119,790 SF Land, 10,000 SF Building
    Where is this individual retail property located?
    The property is located at 161 Oak Hill Rd North Kingstown, RI.
    What is the asking price?
    The asking price for this property is $11.
    What are key features of this property?
    This property features: $11 million asking price.; 119,790 square foot lot.; 10,000 square foot building with clear span and large overhead door.
    Request Owner's contact information
    161 Oak Hill Rd North Kingstown, RI 02852
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    Realmo Value Estimation

    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.

    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.

    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
    161 Oak Hill Rd North Kingstown, RI 02852
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