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
    The Largest CRE Database in the US with Over 1 Million Listings

    60 Knight St Warwick, RI 02886

    Sponsored
    For Sale
    $1,500,000

    COMMERCIAL - Warwick, RI

    Lot size:
    3.75 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 7 at 5:06 pm

    Property Features for 60 Knight St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Parking
    10
    Interior features
    Ceiling Height (17 to 20 Ft)
    Lot size
    3.75 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Number of units
    1
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Nicholas Varras

    RI Real Estate Services (401) 465-0417

    Listing agent Nicholas Varras (401) 486-9287

    Listing date Feb 7, 2026

    MLS# 1404567

    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

    Established Nursery, Landscaping Business

    This is an opportunity to acquire a long-standing, family-operated business that provides full-service nursery, landscaping, and snow removal services. The offering includes both the business and the real estate. The property features a convenient location with easy access to the highway and public transportation. Improvements include a unit with large bays and a workshop area suitable for equipment storage and maintenance, an office building, and five large greenhouses. The expansive grounds offer ample space for material storage and an area for composting clippings and leaves. The business has a growing client list for summer services, and snow removal contracts are already in place. The nursery order for the current year has been placed. Existing employees are available to stay on and are familiar with client expectations and service needs. The equipment is well-maintained and in good working condition. Creative financing and lease options may be available to qualified buyers. The property is located in Warwick, Rhode Island.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Violet Hill Landscaping ... Landscaping

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Lowe's Garden Center, Mosquito Tech, Earth Products Inc, Violet Hill Landscaping and Nursery Co

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.461201
    Latitude
    41.730109

    Nearby Similar for Sale

    • $775,000
      0.29 Acres

      Prime Commercial Corner Near Airport

      High-visibility Warwick commercial property with flexible zoning and development potential.
      2199 Post Rd, Warwick, RI 02886
      View Details
    • $550,000
      Pending

      Two Homes on One Lot

      Residential opportunity with two homes on one lot in Warwick.
      403 Commonwealth Ave, Warwick, RI 02886
      View Details
    • New
      $750,000
      0.30 Acres

      Warwick Neck Multi-Family with Carriage

      Well-maintained three-family with renovated carriage house in desirable Warwick Neck.
      357 Warwick Neck Ave, Warwick, RI 02889
      View Details
    • $579,900
      0.32 Acres

      Mixed-Use Property with Income Potential

      Mixed-use property with commercial space, residence, and development potential.
      1020 Warwick Ave, Warwick, RI 02888
      View Details
    • $579,900
      0.32 Acres

      Mixed-Use Property with Development Potential

      Live, work, and invest in this versatile Warwick property.
      1020 Warwick Ave, Warwick, RI 02888
      View Details
    • $799,900
      0.44 Acres

      Mixed-Use Property in Warwick, RI

      Updated mixed-use property with residential and commercial spaces in Warwick.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      0.98 Acres

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre lot.
      449 Sandy Ln, Warwick, RI 02889
      View Details
    • $1,400,000
      0.98 Acres

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre corner lot.
      449 Sandy Ln, Warwick, RI 02889
      View Details
    • $799,900
      0.44 Acres

      Unique Warwick Mixed-Use Property

      Updated mixed-use property with residential and commercial spaces.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • $625,000
      0.11 Acres

      Updated Multi-Family Home in Warwick

      Updated multi-family in Apponaug with strong rental history.
      84 Spruce St, Warwick, RI 02886
      View Details
    • New
      $550,000
      0.19 Acres

      Well-Maintained Two-Family Home

      Two-family home near Apponaug Cove, ideal for owner occupancy.
      110 Tiernan Ave, Warwick, RI 02886
      View Details
    • $539,000
      0.12 Acres

      Professional Office/Retail Building on Post Road

      Well-maintained office/retail building in Warwick, near TF Green Airport.
      1923 Post Rd, Warwick, RI 02886
      View Details

    FAQs

    What type of property is this?
    Nursery and garden center - Full-service nursery, landscaping, and snow removal business for sale.
    Where is this nursery and garden center located?
    The property is located at 60 Knight St Warwick, RI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Established, turnkey full-service nursery, landscaping, and snow removal business with a long-standing reputation.; - Includes land, buildings (office, workshop, 5 greenhouses), equipment, and existing client list.; - Strategic location with easy highway access and high public traffic.
    (401) 486-9287
    Request Owner's contact information
    60 Knight St Warwick, RI 02886
    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.
    60 Knight St
    Warwick, RI 02886
    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
    60 Knight St Warwick, RI 02886
    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
    Nicholas Varras
    (401) 486-9287
    Learn more
    Google sign-in failed. Please try again or use another login method.