127 Johnny Cake Hill Rd Middletown, RI 02842
- Showrooms
- 11,848 SF
- 4.71 lot acres
Current Use by Public Records
- Dr. Jacob T. Abraham, MD / Doctor
- Newport County Community Mental Health Center / Doctor / Mental Health Clinic
- Dr. Marci A. McNicol / Psychiatrist
- Christopher M. Reidy, LICSW / Psychotherapist
- James Turanski / Psychiatrist
Property Details for 127 Johnny Cake Hill Rd
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.71 lot acres
- Property size
- 11,848 SF
- Zone code
- OP
- Property type
- Showrooms
- APN
- MIDD M:0115 B:00 L:36
- APU
- MIDDM0115B00L36
Description
This exceptional Middletown, Rhode Island office building, located at 127 Johnny Cake Hill Road, offers 11,848 square feet of versatile space ideal for businesses of all sizes. Built in 1980 and zoned OP - Office Park, this property boasts a flexible layout, accommodating various needs. Multiple tenancy options are available, with suites ranging from a minimum of 2,320 square feet to a maximum contiguous space of 5,720 square feet. Currently, 11,133 square feet are vacant, presenting a significant opportunity for immediate occupancy. The property is situated in Newport County, Rhode Island, with easy access to local amenities and transportation. This traditional office space, also suitable for executive offices, offers affordable lease rates for terms up to three years. The building's adaptable design allows for customization to meet specific business requirements, making it an attractive option for both startups and established companies seeking a prime location in a thriving business community. The property's address is 127 Johnny Cake Hill, Middletown, RI 02842. This is a rare opportunity to secure a substantial and adaptable office space in a desirable location. Don't miss this chance to establish your business in a sought-after area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,770,000
- 6.5%
- $1,950,000
- 7%
- $1,700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,800,000
- Geo Method
- $1,730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,840,000
- Retail
- $1,740,000
- Mixed-Use
- $1,805,000
- Hospitality
- $2,120,000
- Educational
- $2,050,000
- Residential Income
- $1,915,000
- Energy
- $2,060,000
- Income-Based Land
- $1,570,000
- Food Service
- $2,005,000
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.2838
- Latitude
- 41.5031
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
