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Property profile & analytics
OFF-MARKET
Office Spaces

1300 Highland Corporate Dr Cumberland, RI 02864

42,734 SF
Property ID
Property summary
AI-generated overview

This exceptional Class A office condominium building, situated in a CVS-anchored office park in Cumberland, Rhode Island, presents a compelling investment opportunity. The property encompasses 42,734 square feet of rentable space across three stories within a single building, constructed in 2004. It sits on approximately 4.94 acres of land and includes 189 parking spaces, ensuring ample convenience for tenants and visitors. The property is currently operating under a modified gross lease structure with multiple tenants, generating a substantial net operating income (NOI) of $506,428 annually. The building benefits from a professionally managed structure and is strategically located directly off Route 99, just north of the intersection of I-295 and Route 146, providing excellent accessibility and visibility. The estimated annual property taxes are $104,271. This stabilized investment is offered as a single entity, making it an attractive acquisition for investors seeking a high-performing, well-located office property in a thriving market. The property's location within a CVS-anchored office park further enhances its desirability and stability. This is a rare opportunity to acquire a substantial, well-maintained office complex with a proven track record of strong financial performance.

Property profile
Verified
Property type Office Spaces
Total area 42,734 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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