Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    129 Brookside Ave, Unit 4 West Warwick, RI 02893

    Sponsored
    For Sale
    Contact for pricing

    COMMERCIAL - West Warwick, RI

    Property size:
    36,000 SF
    Lot size:
    2.77 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 19 at 8:06 am

    Property Features for 129 Brookside Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Zoning
    CI
    Rooms
    Basement
    Parking
    120
    Interior features
    Ceiling Height (7 to 9 Ft), Ceiling Height (20 Plus Feet)
    Size
    36,000 SF
    Lot size
    2.77 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Private, Well

    Building Details

    Year built
    1907
    Floors in Building
    1
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Clifford Nulman

    Keller Williams Realty of Newport / East Bay / North Kingstown (401) 845-9200 [email protected]

    Listing agent Cliff Nulman (401) 524-3716

    Listing date Jan 16, 2026

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Warwick Industrial/Warehouse Unit

    This 36,000 rentable sq. ft. industrial/warehouse Unit 4, located in West Warwick, RI, features a 22-foot clear height, expansive loading access, and ample turnaround areas suitable for logistics operations. The front-of-building dock accommodates both truck-height and van-height vehicles. Additional rear loading potential is available, subject to tenant design, approvals, and construction. The interior is presented as a clean, well-maintained space with abundant natural light, including approximately 2,000 sq. ft. of office accommodations comprised of three offices and two bathrooms, one of which includes accessibility railing. Recent improvements include the installation of high-efficiency LED lighting and new heating systems throughout. The building is served by three-phase power. A newly installed roof ensures secure, dry conditions. The building is structurally engineered to support substantial loads, with certification available upon request. Additional lower-level Unit 9 storage consisting of approximately 40,000 rentable square feet may be available beginning approximately 6/2026 and includes dedicated loading dock access. The property is offered on a triple net (NNN) basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teton Self Storage ... Self-Storage Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Teton Self Storage Facility

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.525999
    Latitude
    41.699565

    Nearby Similar for Sale

    • $479,000
      0.35 Acres

      Well-Maintained Multifamily Property in Warwick

      Two-family property on a quiet street with expansion potential.
      25 Eddy St, West Warwick, RI 02893
      View Details
    • $659,900
      0.36 Acres

      West Warwick Multi-Family Home

      Charming multi-family home with barn near Valley Country Club.
      12 Earl St, West Warwick, RI 02893
      View Details
    • $439,900
      0.17 Acres

      West Warwick Multifamily Property

      Legal two-family residential property with updated units and modern finishes.
      1060 Main St, West Warwick, RI 02893
      View Details
    • $559,900
      3,080 SF

      West Warwick Triplex Investment Opportunity

      Triplex with strong income potential near shopping and highways.
      10 Grove St, West Warwick, RI 02893
      View Details
    • $1,820,000
      0.19 Acres

      Turn-Key 12-Unit Investment Property

      Well-maintained 12-unit residential property in West Warwick, Rhode Island.
      212 Washington St, West Warwick, RI 02893
      View Details
    • $450,000
      0.17 Acres

      West Warwick Commercial Opportunity

      Versatile commercial space with highway access and dedicated parking.
      568 Providence St, West Warwick, RI 02893
      View Details
    • $899,000
      0.38 Acres

      West Warwick Commercial Property For Sale

      Well-established bar/lounge with real estate, business, and inventory included.
      245 Washington St, West Warwick, RI 02893
      View Details
    • $595,000
      0.21 Acres

      West Warwick Mixed-Use Corner Property

      Mixed-use property with retail space and residential units for sale.
      1674 Main St, West Warwick, RI 02893
      View Details
    • New
      $489,000
      0.22 Acres

      West Warwick Two-Family Home

      Updated two-family home with detached garage on a quarter-acre lot.
      22 Bettez St, West Warwick, RI 02893
      View Details
    • $1,099,900
      0.31 Acres

      West Warwick Investment Opportunity

      Two investment properties with a profitable restaurant and medical office.
      923 Main St, West Warwick, RI 02893
      View Details
    • Contact for pricing
      0.12 Acres

      Refreshed Commercial Space, West Warwick

      Versatile commercial space on a high-visibility corner lot.
      1542 Main St, West Warwick, RI 02893
      View Details
    • $429,900
      Pending

      Renovated Two-Family in West Warwick

      Renovated two-family with parking near Main St retail.
      25 School St, West Warwick, RI 02893
      View Details

    FAQs

    What type of property is this?
    Warehouse - 36,000 sq ft industrial/warehouse unit with loading access.
    Where is this warehouse located?
    The property is located at 129 Brookside Ave, Unit 4 West Warwick, RI.
    What is the asking price?
    The asking price for this property is $5.
    What are key features of this property?
    This property features: - 36,000 sq. ft. industrial/warehouse space with **22-foot clear height**.; - Expansive loading access with front truck/van height dock and potential rear loading.; - Clean, well-maintained interior with abundant natural light and 2,000 sq. ft. of office space.
    (401) 524-3716
    Request Owner's contact information
    129 Brookside Ave, Unit 4 West Warwick, RI 02893
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    129 Brookside Ave, Unit 4
    West Warwick, RI 02893
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    129 Brookside Ave, Unit 4 West Warwick, RI 02893
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clifford Nulman
    (401) 524-3716
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.