Property profile

45 Nooseneck Hl Rd West Greenwich, RI 02817

OFF-MARKET
Showrooms
Property ID
US76-0293345
17,200 SF 3.45 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 17,200-square-foot office building, situated on a 1.38-acre lot at 45 Nooseneck Hill Road in West Greenwich, Rhode Island, presents a unique investment opportunity. Built in 1989, the single-story structure features a total of 60 parking spaces, ensuring ample convenience for tenants and visitors. The property is zoned HB and is currently entirely vacant, offering a blank canvas for a new owner or tenant to customize the space to their specific needs. The building's single suite configuration allows for maximum flexibility and control. Common area maintenance (CAM) charges include snow removal, landscaping, and exterior maintenance, along with taxes, simplifying operational costs. This prime location in Kent County, with easy access via Exit 6 Plaza, offers high visibility and potential for strong tenant attraction. The property's size and features make it suitable for a variety of office uses, potentially including traditional office spaces, or even a combination of uses given its previous history as a mixed-use retail and office space. The substantial square footage and ample parking make this a highly desirable property in a thriving Rhode Island community. The property's zip code is 02817.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,200 SF
Lot 3.45 ac (150,282 SF)
Zoning code HB
APN WGRE M:006 B:0021 L:4
UPID US76-0293345

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
  • (Bike/Boat/Book/etc) Store
  • Insurance Agency
  • Theater & Performing Art Venue Nightclub
  • Physician
  • Rehabilitation Center

Location

45 Nooseneck Hl Rd West Greenwich, RI 02817-1513
West Greenwich metro Census 20800 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.14M
Blend (final) Blend
$1.99M

Owner & transaction history

Zoning & alternative use

HB · West Greenwich, RI
Zoning description

To provide areas for commercial activities to serve the needs of the entire community and contiguous regions

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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