Property profile

85 Beach St Westerly, RI 02891

FOR LEASE
Investment properties
Property ID
US76-0297112
4,693 SF 0.53 ac lot Built 1790
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-story, 1-unit office building situated at 85 Beach Street, Unit 6, in Westerly, Rhode Island. Constructed in 1988, this property offers a versatile space suitable for various commercial uses, including traditional office, medical office, executive office, specialty services, and even dental practices. The building sits on a lot with 0 square feet, indicating a potential for redevelopment or expansion depending on zoning regulations. The asking price is $179,000. Located in Washington County, this property benefits from its address in the vibrant Westerly community, offering convenient access to local amenities and transportation networks. The building's classification as commercial, traditional office, medical office, and executive office highlights its adaptability to a range of professional needs. This is a unique chance to acquire a well-located, established building in a desirable Rhode Island market. The property's single-unit structure simplifies management and ownership, making it an attractive option for both seasoned investors and first-time buyers. Further investigation into zoning and potential development opportunities is encouraged. The property's address is 85 Beach Street, Unit 6, Westerly, RI 02891.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1790
Construction FRAME
Total area 4,693 SF
Lot 0.53 ac (22,892 SF)
APN WEST M:86 B:40 L:A
UPID US76-0297112

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
  • Dental Office
  • Dental Office
  • Law Firm
  • Foster Care Service Social Service Agency
  • Law Firm

Location

85 Beach St Westerly, RI 02891
Westerly metro Census 50802 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
$691k
Blend (final) Blend
$290k

Owner & transaction history

since 2024
7 recorded transactions
2024
$160,000
2024
Price N/A
2023
$165,000
2020
$113,000
2020
$87,500
2019
Price N/A
2019
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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