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286 Maple Ave Barrington, RI 02806-3437

OFF-MARKET Investment properties Google Maps
6,055 SF 0.91 ac lot Built 1957
Individually Owned 34-yr Hold Free & Clear
Estimated value (blended)
$780k
Range $702k – $858k (±10%)
Property ID US76-0306757

Property summary

AI-generated overview

This exceptional commercial property at 286 Maple Avenue, Barrington, Rhode Island, presents a significant opportunity for businesses seeking a substantial and versatile workspace. Located within the vibrant Maple Avenue Plaza, this 47,044 square foot lot houses a single, well-maintained building constructed in 1974. The property offers a massive 5,000 square feet of usable space, ideally suited for a variety of office configurations. The layout includes numerous private offices, a dedicated reception area, and multiple conference rooms, providing ample space for both individual work and collaborative efforts. The property's significant advantage lies in its abundant parking, ensuring convenient access for employees and clients alike. This is a triple net lease opportunity, meaning the tenant is responsible for property taxes, insurance, and maintenance, offering predictable and transparent operating costs. The monthly rent is $4,000. The property's zoning allows for a range of uses including traditional office, storefront, shopping center, medical office, and specialty services. This prime location in Barrington, RI (zip code 02806) offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. The property's size and versatile layout make it suitable for a wide range of businesses. This is a rare opportunity to secure a substantial and well-appointed office space in a highly desirable location.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1957
Construction FRAME
Total area 6,055 SF
Lot 0.91 ac (39,701 SF)
Zoning code NB
APN BARR M:22 L:678
UPID US76-0306757

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Physician
  • Physician
  • Gym & Fitness Center Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$786k
Blend (final) Blend
$780k

Owner & transaction history

since 1991
1 recorded transaction
1991
$125,000

Zoning & alternative use

NB · Barrington, RI
Zoning description

Neighborhood Business District (NB). This district contains areas of the community in which business uses are permitted which are in character and scale with, and appropriate to, proximate residential uses. It is intende…

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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