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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    360 Kingstown Rd Narragansett, RI 02882

    • Commercial real estate
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0282140
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 360 Kingstown Rd

    Year built
    1987
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 360 Kingstown RD, Narragansett, RI 02882, presents a unique investment opportunity. The 2,444 square foot building, constructed in 1987, sits on a lot with dimensions not specified in the provided information. Previously utilized as a radiology office, the space is ideally suited for a variety of medical practices. The layout includes a spacious waiting area, a reception area, two bathrooms, two x-ray rooms (which may require updating or removal depending on the buyer's intended use), and five individual office suites, providing ample room for staff and patient interaction. The property is being offered for sale at $14,999. This sale is contingent upon Superior Court approval. Prospective buyers are responsible for conducting thorough due diligence to independently verify all aspects of the property information. The property is situated in the heart of South County, Rhode Island, offering convenient access to local amenities and a strong patient base. The building consists of one unit within a single building. This presents a rare chance to acquire a well-established medical office space in a desirable location. All interested parties should be prepared to complete all necessary due diligence to confirm the accuracy of the provided information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Narragansett
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4810928
    Latitude
    41.4335512

    Comparable in this City

    • $89,900

      Narragansett Medical Office Space

      Ground floor office, ideal location.
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • $39,900
      2,444 SF

      Prime Narragansett Medical Office

      2444 sq ft Medical Office Building, $39,900
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • $89,900

      Narragansett Medical Office Condo

      Ground floor office, immediate occupancy.
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • New
      $749,000
      0.22 Acres

      Desirable Corner Lot in Narragansett

      Double corner lot near water with rehab or teardown potential.
      8 Anchorage Rd, Narragansett, RI 02882
      View Details
    • $7,500,000
      2.60 Acres

      Narragansett Medical Office Redevelopment Opportunity

      25,222 sq ft medical office building on 2.6 acres.
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • Contact for pricing

      Point Judith Land Opportunity

      Two acre land package in desirable Point Judith location.
      Point Judith Rd, Narragansett, RI 02882
      View Details

    Similar Nearby for Sale

    • $89,900

      Narragansett Medical Office Space

      Ground floor office, ideal location.
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • $39,900
      2,444 SF

      Prime Narragansett Medical Office

      2444 sq ft Medical Office Building, $39,900
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • $89,900

      Narragansett Medical Office Condo

      Ground floor office, immediate occupancy.
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • New
      $749,000
      0.22 Acres

      Desirable Corner Lot in Narragansett

      Double corner lot near water with rehab or teardown potential.
      8 Anchorage Rd, Narragansett, RI 02882
      View Details
    • $7,500,000
      2.60 Acres

      Narragansett Medical Office Redevelopment Opportunity

      25,222 sq ft medical office building on 2.6 acres.
      360 Kingstown Rd, Narragansett, RI 02882
      View Details
    • $899,000
      0.14 Acres

      Commercial Land in Boon Street

      Highly visible corner lot near the Atlantic Ocean.
      126 Boon St, Narragansett, RI 02882
      View Details

    Similar Nearby for Lease

    • $0.04 SF/Yr
      6,512 SF

      120 Point Judith Rd

      Restaurants
      120 Point Judith Rd, Narragansett, RI 02882
      View Details
    • $0.12 SF/Yr
      1,359 SF

      Narragansett Commercial Space

      Prime Narragansett location, versatile space.
      120 Point Judith Rd, Narragansett, RI 02882
      View Details
    • $0.12 SF/Yr
      1,359 SF

      Narragansett Commercial Space

      Prime Narragansett location, versatile space.
      120 Point Judith Rd, Narragansett, RI 02882
      View Details
    • Contact for pricing

      Fenced Outdoor Space For Lease

      Approximately 14,000 sq ft of fenced, secure outdoor space.
      3481 Kingstown Rd, South Kingstown, RI 02882
      View Details
    • Contact for pricing

      Commercial Pad Site For Rent

      Pad site available at Salt Pond Shopping Center.
      20 Woodruff Ave, Narragansett, RI 02882
      View Details
    • Contact for pricing
      185,536 SF

      Salt Pond Shopping Center Retail Space

      Prime Narragansett retail space available.
      91 Point Judith Rd, Narragansett, RI 02882
      View Details
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    360 Kingstown Rd
    Narragansett, RI 02882
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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