Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    850 Aquidneck Ave Middletown, RI 02842

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime RI Office Suites, Ample Parking

    Lot size:
    40,933 SF

    Property Features for 850 Aquidneck Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,933 SF

    Spaces For Lease

    at 850 Aquidneck Ave, Middletown, RI 02842 Contact us

    We can help!

    Listing Contact
    Peter Flynn
    Peter Flynn

    Listing Agency: Carpionato Group Listing Agent: Peter Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Middletown Commons, located at 850 Aquidneck Avenue in Middletown, Rhode Island, 02842, offers exceptional office space for lease. This retail and office property boasts a total of 40,933 square feet, spread across three suites. The building is conveniently situated in Newport County and provides ample parking with 298 spaces available for tenants and their clients. Multiple tenancy options are available, with spaces ranging from a minimum of 1,220 square feet to a maximum contiguous space of 5,088 square feet. Currently, there are 7,949 square feet of vacant space ready for immediate occupancy, making it an ideal location for businesses seeking expansion or relocation. The property's classification includes Executive Office and Medical Office space, catering to a diverse range of professional needs. This prime location in Middletown offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The property is categorized as both Executive Office and Medical Office space, indicating its suitability for a variety of professional uses. Interested parties are encouraged to inquire about available space and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aquidneck Island Heating HVAC Service East Side Clinical ... Laboratory Robert O. Cicchelli, ... Physician Obstetrical Associates, Inc Medical Group Karns & Kerrison Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.282947
    Latitude
    41.5110316

    Nearby Similar for Lease

    • Contact for pricing

      Middletown Retail Space for Lease

      Retail and restaurant spaces available in Middletown, Rhode Island.
      77 E Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space available near Staples, Aldi, and Home Depot.
      870 W Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      10,646 SF

      Retail Space in Middletown Center

      Retail space available in shopping center with pylon signage.
      872-890 W Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space with Restaurant Infrastructure

      Corner retail location with existing restaurant infrastructure and high traffic.
      593 W Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with High Visibility

      Retail space with corner location, high visibility, and excellent access.
      7 E Main Rd, Middletown, RI 02842
      View Details
    • Contact for pricing

      Retail/Office Building on Main Road

      Freestanding building suitable for retail or office use.
      124 E Main Rd, Middletown, RI 02842
      View Details
    • $17 SF/Yr
      1,484 SF

      West Main Road Office Suite

      1,484 sq ft Office Space, Newport County
      1259 Main Rd, Middletown, RI 02842
      View Details
    • $22 SF/Yr
      967 SF

      Midtown RI Office Suites Available

      Prime Middletown location, various sizes.
      1272 Main Rd, Middletown, RI 02842
      View Details
    • $62,916
      11,848 SF

      Middletown, RI Office Space Available

      11,848 SF Office Building, Flexible Suites
      127 Johnny Cake Hill Rd, Middletown, RI 02842
      View Details
    • Contact for pricing
      9,200 SF

      Aquidneck Centre Retail Space For Lease

      High-traffic retail spaces available now!
      77 Main Rd, Middletown, RI 02842
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime RI Office Suites, Ample Parking
    Where is this medical office located?
    The property is located at 850 Aquidneck Ave Middletown, RI.
    (401) 273-6800 Call to check price and availability
    Request Owner's contact information
    850 Aquidneck Ave Middletown, RI 02842
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    850 Aquidneck Ave
    Middletown, RI 02842
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    850 Aquidneck Ave Middletown, RI 02842
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter Flynn
    Peter Flynn
    (401) 273-6800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!