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

    1051 Ten Rod Road North Kingstown, RI 2852

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

    Vibrant shopping center with highway access and storefront parking.

    Type:Retail
    Added:
    Feb 6, 2024
    Days on Market:
    799
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 1051 Ten Rod Road

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    Spaces For Lease

    at 1051 Ten Rod Road Contact us

    Available Space 3 $15 /Mo

    Size
    4,036 SF
    Type
    Retail
    Lease Rate: $15.00 SF/yr (NNN)
    Contact us

    We can help!

    Listing Contact
    Dan Feiner

    Listing agent Dan Feiner License #RI

    Listing office MG Commercial

    Listing date Feb 6, 2024

    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 MG Commercial

    Overview

    Retail Space in Active Center

    This retail space is located within a shopping center anchored by Walmart, Petco, Staples, Anytime Fitness, and Navigant Bank. The property features storefront facades and ample storefront parking. Situated at a signalized intersection on Ten Rod Road (RT 102), the location provides highway access from exit 3A off of RT 4. The shopping center is adjacent to an Amtrak transportation hub, serving South County. The area experiences dense traffic and demonstrates strong income demographics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Philippe Morisseau, ... Dental Office Walmart at Wickford Junction Shopping Center & Mall Quality Cleaners (Bike/Boat/Book/etc) Store Dr. John Verbeyst Dental Office Aesthetic Dentistry of Wickford Dental Office

    Suggested Use

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

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

    Similar Places Nearby

    • Walmart at Wickford Junction — 1051 Ten Rod Rd, North Kingstown, RI 02852
    • Coinstar Kiosk | Bitcoin ATM — Stop & Shop - New England, 1300 Ten Rod Rd, North Kingstown, RI 02852

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4948301
    Latitude
    41.5830098

    Nearby Similar for Lease

    • Contact for pricing

      Functional Office Space in Wickford

      Well-appointed office space with flexible leasing options in North Kingstown.
      320 Phillips #L203, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Retail Space in Business District

      Prime retail space in a high-traffic business district.
      3520 Quaker, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Renovated Office in Wickford Village

      Individual office space with shared amenities in a prime location.
      7 Main #205, North Kingstown, RI 02852
      View Details
    • $18/mo

      Industrial Flex Space Available

      Second floor commercial unit with flexible industrial space.
      220 Old Baptist #4, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Prime Retail Space Available

      1100 SF retail space in North Kingstown business district.
      3520 Quaker, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Versatile Commercial Unit For Lease

      Flexible commercial space ideal for various business and storage needs.
      335 Compass #33, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Tradesman Space in Quonset

      Flexible space in Rhode Island's premier economic hub.
      335 Compass #34, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      North Kingstown Office Space

      Office unit available for lease in North Kingstown, RI.
      1130 Ten Rod #B/203, North Kingstown, RI 02852
      View Details
    • $9/mo

      Quonset Warehouse and Office Space

      10,000 SF warehouse/office space in Quonset, North Kingstown.
      342 Compass #E2, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Nicely renovated office space with shared amenities included.
      7 Main #204, North Kingstown, RI 02852
      View Details
    • $11/mo

      Industrial Building with Highway Access

      15,000 sq ft industrial building with large overhead door.
      161 Oak Hill, North Kingstown, RI 02852
      View Details
    • $15/mo

      Walmart Anchored Retail Space

      Retail space in Walmart-anchored shopping center with high visibility.
      1007 Ten Rod Rd, North Kingstown, RI
      View Details

    FAQs

    What type of property is this?
    Shopping center - Vibrant shopping center with highway access and storefront parking.
    Where is this shopping center located?
    The property is located at 1051 Ten Rod Road North Kingstown, RI.
    What are key features of this property?
    This property features: Anchored by Walmart, attracting significant customer traffic.; Excellent highway access from exit 3A off RT 4.; Strategic location at a signalized intersection on Ten Rod Road (RT 102).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Feiner
    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!