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    Property profile & analytics
    OFF-MARKET Estimated value $570,000
    Showrooms

    267 Post Rd, Westerly, RI 02891

    32,137 SF 4.17 ac lot Built 1984
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US76-0317172
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 267 Post Road in Westerly, Rhode Island, presents a unique investment opportunity. Situated within the well-maintained Spindrift Village plaza, this 1,800 square foot space offers a flexible floor plan ideal for a variety of uses. The property is zoned for numerous retail and service businesses, providing limitless potential for entrepreneurs and established companies alike. Built in 1984, the single-story building sits on a substantial 181,645 square foot lot, providing ample parking for customers and employees. A key feature is the convenient rear service/employee entrance, enhancing operational efficiency. The unit also includes a private bathroom. The high traffic count and prominent location within Spindrift Village ensure excellent visibility and accessibility, making this an attractive proposition for businesses seeking a strong presence in the Westerly market. The property is available for immediate lease and is part of a larger 1-unit complex. The zip code is 02891, and the property is located in Washington County. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Rhode Island community.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1984
    Construction FRAME
    Total area 32,137 SF
    Lot 4.17 ac (181,645 SF)
    APN WEST M:112 B:28 L:AA
    UPID US76-0317172
    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
    $720k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $570k
    Owner & transaction history
    Spindrift Village LLC · 3 yrs held
    Spindrift Village LLC
    since 2022
    Last sale
    $500,000
    2 recorded transactions
    2022
    $2.7M
    2022
    $500,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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