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    Property profile & analytics
    OFF-MARKET Estimated value $850,000
    Investment properties

    148 Main St, South Kingstown, RI 02879-3666

    0.46 ac lot
    Entity Owned 4-yr Hold Absentee Owner
    Property ID
    US76-0103972
    Property summary
    AI-generated overview

    This exceptional commercial property at 148 Main Street, South Kingstown, RI 02879, presents a unique investment opportunity. The property consists of two buildings, built in 1867, situated on a substantial 20,240 square foot lot. The offering includes three newly renovated office suites, ideal for a variety of professional uses. Each suite is independently rentable, providing flexibility for single occupants or multiple tenants. The suites range in size from 125 square feet to 202 square feet, with monthly rental rates varying accordingly. The property boasts a shared common waiting area, enhancing convenience and professionalism. Located in the heart of Wakefield, this property offers unparalleled access to local businesses and amenities, situated within a thriving professional office environment. The property is categorized as Traditional Office, Commercial, Storefront, and Executive Office space, making it suitable for a diverse range of businesses. The asking price for the entire property is $40,000. This is a rare opportunity to acquire a well-located, versatile commercial property in a desirable Rhode Island town. The property's two-story design and central Main Street location provide excellent visibility and accessibility. This is an ideal investment for those seeking a strong return in a stable market.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.46 ac (20,038 SF)
    Zoning code CD
    APN SKIN P:057-1 L:000061
    UPID US76-0103972
    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
    AI Approach AI
    $990k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $850k
    Owner & transaction history
    Virgilio Properties LLC · 4 yrs held
    Virgilio Properties LLC
    since 2021
    Last sale
    $750,000
    4 recorded transactions
    2021
    $750,000
    2021
    $575,000
    2004
    1996
    Zoning & alternative use
    CD · South Kingstown, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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