Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse Units in Commerce Park Title is generated by Realmo AI

    338 Compass Cir, North Kingstown, RI 02852

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Warehouse units with office space and private restrooms for lease.

    Type:Industrial
    Property size:
    20,000 SF
    Added:
    Jun 22, 2020
    Days on Market:
    2174
    Last Refresh:
    May 19 at 9:35 pm

    Property Features for 338 Compass Cir

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 338 Compass Cir Contact us

    We can help!

    Listing Contact
    Thomas Sweeney

    Listing agent Thomas Sweeney License #RI

    Listing office Sweeney Real Estate

    Listing date Jun 22, 2020

    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 Sweeney Real Estate

    HighLights

    • Up to 20,000± SF Contiguous Warehouse Space available
    • 10,000± SF Warehouse Units
    • Features 16 FT Ceiling Heights
    • 208v, 3‑Phase, 400 AMP Power
    • Located in Quonset Point Commerce Park with 200+ Surrounding Businesses
    • Overhead Doors: 1/10,000 SF

    Overview

    Available for lease are warehouse units offering approximately 10,000 square feet, with the potential for up to 20,000 square feet of contiguous space. Each 10,000-square-foot unit includes one overhead door. The units feature office space and private restrooms. Ceiling heights reach 16 feet. Electrical specifications include 208v, 3-Phase, 400 AMP. The property is located in Quonset Point Commerce Park, surrounded by over 200 businesses, and provides quick access to T.F. Green.
    Property Profile Location Intelligence

    Current Use by Public Records

    Polymershapes - Providence Distribution Center Driving School Inc Training Center Fresh Mode Screen ... (Bike/Boat/Book/etc) Store Atlantic Yacht Rigging Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility

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

    Similar Places Nearby

    • Quonset Motor Sport — 320 Compass Cir c, North Kingstown, RI 02852
    • Rhode Island Portable Storage Llc — 185 Compass Cir #8609, North Kingstown, RI 02852

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4767343
    Latitude
    41.603815

    Nearby Similar for Lease

    • $1,850/Mo
      1,100 SF

      Prime Retail Space For Rent

      1100 SF retail space in North Kingstown business district.
      3520 Quaker Lane, North Kingstown, RI 02852
      View Details
    • $2,700/Mo
      331 SF

      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
    • $1,850/Mo
      1,100 SF

      Retail Space in Business District

      Prime retail space in a high-traffic business district.
      3520 Quaker, North Kingstown, RI 02852
      View Details
    • $2,550/Mo

      Professional Office Space in Wickford

      Well-appointed office space with flexible leasing options in North Kingstown.
      320 Phillips Street #L203, North Kingstown, RI 02852
      View Details
    • $18 SF/Yr
      3,625 SF

      Industrial Flex Space Available

      Second-floor industrial unit with flexible space for rent.
      220 Old Baptist Road #4, North Kingstown, RI 02852
      View Details
    • $18 SF/Yr
      3,625 SF

      Industrial Flex Space Available

      Second floor commercial unit with flexible industrial space.
      220 Old Baptist #4, North Kingstown, RI 02852
      View Details
    • $1,850/Mo
      1,100 SF

      Prime Retail Space Available

      1100 SF retail space in North Kingstown business district.
      3520 Quaker, North Kingstown, RI 02852
      View Details
    • $2,500/Mo
      1,000 SF

      Versatile Commercial Unit For Lease

      Flexible commercial space ideal for various business and storage needs.
      335 Compass #33, North Kingstown, RI 02852
      View Details
    • $2,500/Mo
      1,000 SF

      Tradesman Space in Quonset

      Flexible space in Rhode Island's premier economic hub.
      335 Compass #34, North Kingstown, RI 02852
      View Details
    • $650/Mo

      Renovated Office Space in Wickford

      Corner office with natural light, shared amenities included.
      7 Main Street #206, North Kingstown, RI 02852
      View Details
    • $1,800/Mo
      799 SF

      North Kingstown Office Space

      Office unit available for lease in North Kingstown, RI.
      1130 Ten Rod #B/203, North Kingstown, RI 02852
      View Details
    • $2,500/Mo

      Flexible Tradesman Space For Lease

      Flexible tradesman space for lease in premier economic hub.
      335 Compass Circle #34, North Kingstown, RI 02852
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse units with office space and private restrooms for lease.
    Where is this warehouse located?
    The property is located at 338 Compass Cir North Kingstown, RI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Up to 20,000± SF Contiguous Warehouse Space available; 10,000± SF Warehouse Units; Features 16 FT Ceiling Heights
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Sweeney
    Real Estate License ID: RI
    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

    Thank You for Inquiry
    338 Compass Cir, North Kingstown, RI 02852
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!