Property profile

101 Franklin St 1C Westerly, RI 02891

FOR LEASE
Showrooms
Property ID
US76-0321723
5,235 SF 0.44 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Approximately 800+/- sq ft commercial unit located on a busy street in Westerly, positioned with direct frontage facing a major shopping plaza, providing street-level visibility and accessible entry. The interior layout includes a secure reception area, three flexible rooms, and a half bathroom. Zoning allows a range of retail and service uses, including beauty salons, therapy and wellness practices, boutiques, or consulting firms. The unit has separate utilities, connected to town sewage, and includes gas service, water service, and central air conditioning. The property is supported by a newer roof, an upgraded heating system, and maintained landscaping on a private lot, and offers ample parking. The location is near I-95 along the Connecticut/Rhode Island border, with proximity to Downtown Westerly and nearby beaches including Misquamicut, Weekapaug, and Watch Hill, as well as regional access to Narragansett, RI and Mystic, CT.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1986
Construction FRAME
Total area 5,235 SF
Lot 0.44 ac (19,208 SF)
APN WEST M:88 B:2
UPID US76-0321723

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Bank Credit Union
  • Law Firm
  • Physician Medical Clinic
  • Real Estate Agency

Location

101 Franklin St, Unit 1C Westerly, RI 02891
Westerly metro Census 50802 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$645k
Blend (final) Blend
$555k

Owner & transaction history

since 2020
Last sale
$455,000
4 recorded transactions
2020
$455,000
2011
Price N/A
2007
Price N/A
1990
Price N/A

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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More about this property
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