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    Property profile & analytics

    5407 Post Rd Post Rd Charlestown, RI 02813

    • Retail properties
    For Sale
    View listing
    $2,495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 5407 Post Rd Post Rd

    Year built
    1954
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional Charlestown, Rhode Island property presents a unique investment opportunity. The 45,000 square foot lot houses a two-story, 28-room motel and restaurant, offering significant potential for growth and redevelopment. Built in 1954, the single-building property is currently undergoing a subdivision from a larger parcel, creating a standalone investment. The motel's spacious rooms provide ample guest accommodation, complemented by extensive on-site parking. Its location at 5407 Post Road in Charlestown, RI, places it in a highly desirable area with strong potential for increased revenue. Detailed renovation plans are available upon request for qualified buyers. This versatile property is ideal for an investor seeking a profitable venture in a sought-after Rhode Island location. The asking price is $2,495,000. Serious inquiries only. Further information regarding the property's current operational status and financial performance will be provided to qualified buyers under a non-disclosure agreement. Don't miss this chance to acquire a thriving business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.6853
    Latitude
    41.364

    Comparable in this City

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    • Value Estimation by Request
      0.50 Acres

      Old Post Rd

      Retail properties • 0.50 Acres
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      3.00 Acres

      3985 Old Post Rd

      Land • 3.00 Acres
      3985 Old Post Rd, Charlestown, RI 02813
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      1.05 Acres

      12 Carolina Back Rd

      SHOW ROOM, WAREHOUSE • 1.05 Acres
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    • Value Estimation
      $920,000
      10,000 SF

      4080 County Trl

      SHOW ROOM, WAREHOUSE • 10,000 SF
      4080 County Trl, Charlestown, RI 02813-3940
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    • Value Estimation by Request
      364 SF

      2195 Matunuck Schoolhouse Rd

      SHOW ROOM, WAREHOUSE • 364 SF
      2195 Matunuck Schoolhouse Rd, Charlestown, RI 02813
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    Similar Nearby for Sale

    • $2,495,000

      Charlestown RI Motel & Restaurant

      Prime RI Location, 28 Rooms, High Potential
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      Charlestown Hotel Opportunity For Sale

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      Charlestown Retail Strip Mall For Sale

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    5407 Post Rd Post Rd
    Charlestown, RI 02813
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    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
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