623 Post Road, Warwick, RI 02888
COMMERCIAL - Warwick, RI
- Added:
- Jul 6, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 8 at 5:06 pm
Property Features for 623 Post Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Rooms
- Basement
- Parking
- 16
- Interior features
- Ceiling Height (7 to 9 Ft)
- Basement
- Full
- Standard status
- Active
- Size
- 3,450 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10219
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
Listing agent Doug Jeffrey (401) 255-5530
Listing office Broadway Real Estate Group 335 Broadway, Providence, RI (401) 354-7969
Listing date Jul 6, 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.
HighLights
- Mixed‑use property with a professional office building plus 2 one‑bedroom apartments
- Brick construction and central air; ceiling height ranges from 7 to 9 ft
- Year built: 1990
- 16 off‑street parking spaces
- Public sewer service
Overview
Located on highly traveled Post Road at a signalized intersection, the building benefits from prominent visibility. The site is positioned in Warwick, RI, and is described as conveniently located just minutes from I-95 and T.F. Green International Airport. Additional amenities such as restaurants and retail are noted nearby.
For tenants and buyers, the property offers a practical blend of uses under one ownership: office space for professional operations alongside two one-bedroom apartments for additional residential rental income. The combination of on-site parking and a signalized, high-traffic setting may support day-to-day access for both office clients and residential tenants, while giving an investor or owner-occupant the option to benefit from multiple income streams within a single address.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.8k | $26.04 |
| − Vacancy | −$6.1k | −$1.77 |
| EGI | $83.7k | $24.27 |
| − OpEx | −$37.7k | −$10.92 |
| NOI | $46.1k | $13.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.40986
- Latitude
- 41.757053
