Property profile

171 Chase Rd 2 Portsmouth, RI 02871

FOR SALE
Other office properties
Property ID
US76-0081647
1,104 SF Built 1988
Individually Owned Free & Clear
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Property summary

AI-generated overview

This commercial condominium is located in Portsmouth, Rhode Island, on a main thoroughfare and is positioned for high public visibility. It is configured for mixed commercial uses, including retail, professional offices, and specialty services. The main level provides an open floor layout with oversized windows for daylighting. Parking is provided onsite via an on-grade, well-lit lot for staff and visitors. A walkout lower level adds approximately 1,104 square feet of additional space, suitable for storage, building utilities, or potential future expansion. The property is situated near major highways and local commercial amenities in the Portsmouth area.

Property profile

Verified
Property type Other office properties
Use group CONDOMINIUM OFFICES
Year built 1988
Construction FRAME
Total area 1,104 SF
Zoning code C
APN PORT M:019 B:0133 U:2
UPID US76-0081647

Cap rate & NOI

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

Location

171 Chase Rd, Unit 2 Portsmouth, RI 02871
Portsmouth metro Census 40101 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Zoning & alternative use

C · Portsmouth, RI
Zoning description

COMMERCIAL DISTRICT C-1 is established to provide areas for commercial establishments and serve community and Town-wide shopping and service needs. TOWN CENTER DISTRICT - TC is established to provide for a pedestrian-fri…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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