Property profile

597 County Rt. 2 Trl Exeter, RI 02822

OFF-MARKET
Office Spaces
Built 2024
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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

Location

597 County Rt. 2 Trl Exeter, RI 02822
Exeter metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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