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    OFF-MARKET
    Office Spaces

    597 County Rt. 2 Trl, Exeter, RI 02822

    Built 2024
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial garage condominium, part of the South Trail Commerce Center in Exeter, Rhode Island, presents a unique investment opportunity. Located at 597 South County Trail, Unit 104, this 2024-built property boasts 94,525 square feet of land encompassing three single-story buildings. The unit itself offers a secure and stylish space, perfect for various uses including contractor trade, showroom, warehouse, or distribution. Features include finished walls and ceilings, a private restroom, 200-amp electric service, and a 14' x 14' overhead door with an electric opener. The low monthly condo association fee of $160 includes building insurance, exterior maintenance, and snow removal. Bank financing is available, and estimated annual property taxes are $2,750. This is one of the few remaining units from Phase I, offering immediate or 30-day occupancy. Additional options, such as loft/office space, central AC, backup generators, and custom floor finishes, are available at an extra cost. A larger space (2,000 sq ft) is also available. Showings are by appointment only. Phase II construction is planned for late 2025. Asking price is $245,000.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2024
    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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