97 John Clarke RdMiddletown, RI 02842

Property Details for 97 John Clarke Rd

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.30 AC

Property size (Sq ft)

11,980 SF

Zone code

OP

Property type

Showrooms

APN

MIDD M:0115 B:00 L:34

APU

MIDDM0115B00L34

Description

This exceptional 5,013-square-foot executive office space is situated within the prestigious Aquidneck Corporate Park at 97 John Clarke Road, Middletown, Rhode Island, 02842. The single-tenant building, constructed in 1984, offers a versatile layout perfect for a variety of business needs. The first-floor space features open-concept areas, private offices, and dedicated meeting rooms, ensuring flexibility for diverse work styles. A convenient on-site kitchen is included for staff use. Ample parking is available on the 34-acre lot. The property's zoning is OP - Office Park. Enjoy the benefits of a desirable location abutting a reservoir, with select offices offering stunning water views. The proximity to the Newport County YMCA provides added convenience for employees seeking fitness and childcare services. This well-maintained office space in Newport County combines functionality with an attractive setting, making it an ideal location for businesses seeking a professional and convenient environment. The building's total square footage is 5,013 square feet, all of which is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,383,920

  6.5%

  $2,200,540

  7%

  $2,043,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,627,920

  Geo Method

  $1,627,920

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,275,160

  Mixed-Use / Specialty

  $2,199,200

  Hospitality / Lodging

  $1,621,960

  Office

  $2,192,910

  Institutional / Educational

  $2,288,610

  Residential Income

  $2,677,670

  Multifamily

  $3,175,380

  Automotive / Energy

  $1,961,670

  Parking / Income-Based Land

  $670,518

  Restaurant / Food Service

  $1,157,710

  Healthcare / Senior Housing

  $2,248,570

Location Insight

City

Middletown

County

Newport

State

Rhode Island

Latitude

41.5006

Longitude

-71.2868

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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