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Property profile & analytics
OFF-MARKET Estimated value $565,000
Showrooms

137 Chase Rd Portsmouth, RI 02871-3243

5,800 SF 0.72 ac lot Built 1985
Individually Owned 3-yr Hold Free & Clear
Property ID
US76-0195343
Property summary
AI-generated overview

This exceptional 827-square-foot executive office suite is available for lease, starting July 1st, 2023. Located in the former Cox building, this single-tenant space boasts a unique and adaptable layout, perfect for a variety of professional uses. The suite features a private, double-enclosed entry for enhanced security and privacy. The interior comprises three distinct rooms: a left-side office (approximately 11x13 feet), a center office (approximately 18x15 feet), and a larger room (approximately 20x18 feet) with a 6x9-foot storage area. The center and larger rooms are separated by a half-wall and glass partition, offering both separation and visual connection. Shared restrooms are conveniently located in the building's hallway. The property benefits from excellent visibility, easy parking for three vehicles, and convenient highway access. The building is a single-story structure, with a total of one suite. The zoning classification is C. This is a fantastic opportunity for a business seeking a well-appointed and easily accessible office space. Lease terms are yearly.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1985
Construction STEEL FRAME
Total area 5,800 SF
Lot 0.72 ac (31,325 SF)
Zoning code C
APN PORT M:019 B:0086
UPID US76-0195343
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
Current use
Occupant on record · Public records
  • Premier Compounding Center Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$723k
Blend (final) Blend
$565k
Owner & transaction history
Peter J Raposa Ret · 3 yrs held
Peter J Raposa Ret
since 2023
3 recorded transactions
2023
Price N/A
2011
Price N/A
2011
$300,000
Zoning & alternative use
C · Portsmouth, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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