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320 Phillips St Ste North Kingstown, RI 02852-5166

OFF-MARKET Office Spaces Google Maps
1,122 SF Built 1988
Entity Owned ~ Est. High Equity
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US76-0139809

Property summary

AI-generated overview

This exceptional 1300 square foot office space, located at 320 Phillips Street UNIT 202 in North Kingstown, Rhode Island, presents a unique investment opportunity. Situated in a well-established professional building, this second-story office is bright and modern, offering a highly desirable workspace. The space includes a large private office with its own half bath, a dedicated conference room, a spacious multi-desk area perfect for collaborative work, a convenient kitchenette, an additional half bath, and a large reception area with waiting room and ample storage. The building itself is professionally managed and features convenient amenities such as a ramp, an elevator, and a generously sized parking lot with 50 spaces. Its prime location offers easy access to nearby towns including East Greenwich, Providence, Newport, and Jamestown, making it an ideal location for businesses seeking convenient access to major transportation routes and a thriving community. The property, built in 1988, consists of one building with two stories and is situated in Washington County, zip code 02852. The asking price is $159,000. This property is perfect for a variety of uses, including medical, executive, or general office space. The lot size is not specified.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1988
Total area 1,122 SF
Zoning code GB
APN NKIN M:092 B:235
UPID US76-0139809

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
  • Alternative Medicine Practice
  • Pediatrician Medical Clinic
  • Medical Clinic
  • Medical Clinic Hospital
  • Counselor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
7 recorded transactions
2026
$125,000
2025
$125,000
2024
$103,200
2024
$200,000
2024
Price N/A
2023
Price N/A
2023
$64,500

Zoning & alternative use

GB · North Kingstown, RI
Zoning description

The general business district is created to provide areas for intensive commercial activities that primarily depend upon a great volume of vehicular traffic and serve the daily shopping needs of the community.

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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