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Property profile & analytics
OFF-MARKET Estimated value $380,000
Industrial properties

275 Highpoint Ave Portsmouth, RI 02871-1338

17,515 SF 1.3 ac lot Built 1996
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US76-0176155
Property summary
AI-generated overview

This exceptional industrial property, located in the vibrant Portsmouth Business Park, presents a unique opportunity for businesses seeking versatile warehouse and office space. The single building, constructed in 1996, offers a total of 19,592 square feet, with a minimum divisible space of 4,400 square feet currently available. The property boasts a two-story design, providing ample space for both storage and administrative functions. The warehouse area features high ceilings, perfect for storing inventory or conducting light manufacturing. Adjacent office spaces offer a professional setting for administrative teams. Efficient loading and unloading are facilitated by an overhead door, with shared access to a truck-level overhead door. This property is situated for convenient access to major transportation arteries, streamlining distribution and logistics. The property is located in Newport County and is ideal for a variety of industrial uses. This is a multi-tenant building, offering flexibility for businesses of various sizes. The combination of warehouse and office space, coupled with its strategic location, makes this property an attractive option for businesses seeking a functional and efficient workspace. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,515 SF
Lot 1.3 ac (56,628 SF)
Zoning code LI
APN PORT M:038 B:0021
UPID US76-0176155
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
  • Dynamic Dollies Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Apex Fixture Corporate Office
  • Island Athletics Gym & Fitness Center
  • Dsri Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.26M
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k
Owner & transaction history
275 High Pt LLC · 13 yrs held
275 High Pt LLC
since 2013
1 recorded transaction
2013
Price N/A
Zoning & alternative use
LI · Portsmouth, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of LI zone for a lesser level of noise, vibration, smoke, odor and other evidence of industrial activity

Zone name Light Industrial
General category INDUSTRIAL
Zone area 364.51 ac
Source Realmo
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