0000 Warwick AV Warwick Avenue, Warwick, RI 02888
Well-established restaurant with positive cash flow, building and business included.
- Added:
- Feb 22, 2024
- Days on Market:
- 865
- Last Refresh:
- Jul 2 at 6:25 am
Property Features for 0000 Warwick AV Warwick Avenue
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1940
Listing office Residential Properties Ltd.
Listing date Feb 22, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Residential Properties Ltd.
HighLights
- Established restaurant business and real estate included in sale.
- High‑traffic corner location in Warwick with steady positive cash flow.
- Two commercial buildings totaling 9000 +\/- sq ft with multiple revenue streams.
- Large wrap‑around bar with 20 seats and oversized commercial kitchen.
- Private parking lot with 40+ spaces.
- Potential for expansion, second restaurant (takeout), or residential rental unit.
Overview
Local Financial Insights For Specialty Retail
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 | $216.0k | $24.00 |
| − Vacancy | −$5.6k | −$0.62 |
| EGI | $210.4k | $23.38 |
| − OpEx | −$52.6k | −$5.84 |
| NOI | $157.8k | $17.53 |
Alternative Uses
Current Use by Public Records
Map
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4124
- Latitude
- 41.7483