4300 Post RdEast Greenwich, RI 02818

Property Details for 4300 Post Rd

Year built

1993

Construction

FRAME

Lot size

0.32 AC

Property size (Sq ft)

5,653 SF

Zone code

O

Property type

Other commercial real estate

Property subtype

Showrooms

APN

WARW M:221 B:0025 L:0000

APU

WARWM221B0025L0000

Description

This exceptional investment opportunity presents a stabilized, Class C medical office building located at 4300 Post Rd, East Greenwich, Rhode Island, 02818. The property boasts 7,433 square feet across two stories within a single building on a 0.32-acre lot. Built in 1993 and renovated in 2020, the building features 18 parking spaces and is currently 100% occupied by a credit-rated national tenant under a NNN lease. The lease commenced June 30, 2023, and has a remaining term of 5.4 years, expiring June 30, 2030, with two five-year renewal options. The current annual net operating income (NOI) is $155,714, representing a compelling 7.03% capitalization rate. The lease includes annual rent bumps of 2.5%. This property offers a secure, long-term investment with a strong tenant and attractive financial metrics. The building consists of two units and is situated in Kent County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,373,876

  6.5%

  $1,268,194

  7%

  $1,177,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,861,325

  Geo Method

  $1,861,325

• Alternative Use

  Use

  Valuation

  Residential

  $1,069,769

  Hospitality

  $979,902

  Educational

  $815,267

  Medical

  $843,306

  Retail

  $1,268,194

Location Insight

City

East Greenwich

County

Kent

State

Rhode Island

Latitude

41.6738

Longitude

-71.4478

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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