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300 Highpoint Ave Portsmouth, RI 02871-1445

OFF-MARKET Industrial properties Google Maps
36,440 SF 3.68 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$380k
Range $342k – $418k (±10%)
Property ID US76-0166645

Property summary

AI-generated overview

300 High Point offers a unique blend of office and warehouse space, ideal for businesses seeking a flexible and efficient workspace. Located within the prestigious Portsmouth Business Park, this multi-tenant property boasts a total of 37,128 square feet. The building features a variety of office spaces currently available, ranging from 290 square feet to 2,032 square feet, providing options to suit businesses of all sizes. The second-floor office spaces are bright and airy, benefiting from abundant natural light. A significant advantage is the all-inclusive utility package, simplifying operational costs and allowing tenants to focus on their core business activities. Ample on-site parking is provided, ensuring convenient access for employees and clients. The property's classification includes Traditional Office, Warehouse, and Distribution space, making it suitable for a wide range of commercial uses. This prime location within the Portsmouth Business Park offers unparalleled accessibility and a professional business environment. The building's multi-tenant structure fosters a collaborative atmosphere, while the diverse space options cater to various business needs. This is an exceptional opportunity to secure a well-located and versatile commercial property in a thriving business park. Contact us today to learn more about the available spaces and schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1988
Construction STEEL FRAME
Total area 36,440 SF
Lot 3.68 ac (160,301 SF)
Zoning code LI
APN PORT M:038 B:0026
UPID US76-0166645

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
  • Factory Industrial Manufacturer
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Electronics & Wireless Store
  • Alternative Medicine Practice Spa & Massage Center
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2021
Last sale
$295,000
4 recorded transactions
2021
$295,000
2020
$540,000
2013
Price N/A
2004
Price N/A

Zoning & alternative use

LI · Portsmouth, RI
Zoning description

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

General category INDUSTRIAL

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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