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

    2843 S County Trl East Greenwich, RI 2818

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Newly updated office suites available with ample parking.

    Type:Office
    Added:
    Oct 20, 2023
    Days on Market:
    909
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 2843 S County Trl

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 2843 S County Trl Contact us

    We can help!

    Listing Contact
    Richard Palumbo

    Listing agent Richard Palumbo License #RI

    Listing office RICA Realty LLC

    Listing date Oct 20, 2023

    Source Crexi

    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 RICA Realty LLC

    Overview

    Updated Office Suites For Rent

    Independent office suites are available for rent, featuring a shared waiting area. The property is situated on a busy main road and provides ample on-site parking. Recent updates have been made to the property. It offers 24-hour access, storage space, a basement, central heating, full carpeting, air conditioning, Wi-Fi, natural lighting, an open layout, and a kitchen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    East Greenwich
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4916392
    Latitude
    41.6194193

    Nearby Similar for Lease

    • Contact for pricing

      East Greenwich Class A Office

      Furnished office suite in a prime downtown location.
      655 Main #207, East Greenwich, RI 02818
      View Details
    • Contact for pricing

      East Greenwich Renovated Office Suites

      Renovated office suites for rent in East Greenwich.
      2843 South County, East Greenwich, RI 02818
      View Details
    • Contact for pricing

      East Greenwich Office Space Available

      Office suites for rent on Main Street, East Greenwich.
      655 Main, East Greenwich, RI 02818
      View Details
    • Contact for pricing

      Downtown East Greenwich Private Office

      Private office space available in downtown East Greenwich.
      655 Main, East Greenwich, RI 02818
      View Details
    • $8/mo

      Downtown East Greenwich Office Space

      First-class office space in downtown East Greenwich for rent.
      620 Main #C3A, East Greenwich, RI 02818
      View Details
    • $25/mo

      East Greenwich Medical Office Space

      Class A office space in the heart of medical mile.
      1370 S County Trail, East Greenwich, RI
      View Details
    • $20/mo

      East Greenwich Retail Space Available

      Newly renovated retail space with great exposure and parking.
      50 Cliff, East Greenwich, RI 02818
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center Space

      Retail space available in East Greenwich Square shopping center.
      1000 Division St, East Greenwich, RI
      View Details
    • Contact for pricing

      Retail Pad Site with Drive-Thru

      Retail pad site with drive-thru available for lease.
      1200 Quaker Ln, East Greenwich, RI
      View Details
    • Contact for pricing

      Renovated Flex Space Available

      Recently renovated flex space with overhead door and high ceilings.
      5800 Post Road, East Greenwich, RI
      View Details
    • Contact for pricing

      Retail Space in East Greenwich

      1,700 SF retail space in a shopping center.
      555-563 Main St, East Greenwich, RI
      View Details
    • $24/mo

      Renovated Mill Property For Lease

      Mix of office and retail uses in renovated mill property.
      42 Ladd St, East Greenwich, RI
      View Details

    FAQs

    What type of property is this?
    Office units - Newly updated office suites available with ample parking.
    Where is this office units located?
    The property is located at 2843 S County Trl East Greenwich, RI.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Newly Updated; Location on a Busy main road; Ample On‑site Parking
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Richard Palumbo
    Real Estate License ID: RI
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!