Flex Space with Heated
100 Central Street, Warwick, RI 02886
For Sale
Contact for pricing
A new HVAC system, updated fire protection, and paved parking support the office and warehouse configuration.
Property Size2,158 SF
Lot Size0.19 Acres
Price / SF$0.01
Days on Market37
Property Features for 100 Central Street
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Span
Warehouse Space
Office Build-Out
Building Details
Year Built
Listing Agency:
Abbott Properties, LLC
(401) 732-0011
Listed By:
Karen Catuogno · License RI REB.0018061
(401) 363-8888
Source:
Lockandkeyre
Added: Oct 7
Changed: Nov 12
Last Checked: Nov 12 at 7:57AM
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 Abbott Properties, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 2,158 SF, divided between a 1,360 SF heated warehouse and 800 SF of office space. The office layout includes three private offices and a reception area. The warehouse features a 14-foot clear span and a 12-foot overhead door. A new HVAC system and an updated fire system are installed.
The 8,300 SF lot includes more than ten parking spaces with new asphalt. The property is minutes from I-95 and I-295 and was built in 1977.
The 8,300 SF lot includes more than ten parking spaces with new asphalt. The property is minutes from I-95 and I-295 and was built in 1977.
Key Highlights
- 2,158 SF total, with 1,360 SF warehouse and 800 SF office
- Three offices and a reception area
- 14‑foot clear span and 12‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,041
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,820
$200.8K
Cap Rate 7%
$143,443
$143.4K
Cap Rate 9%
$111,567
$111.6K
Market Conditions
NOI Build-Up for 2,158 SF
Gross rent
$15.0K $6.96/SF
− Vacancy
−$676 −$0.31/SF
EGI
$14.3K $6.65/SF
− OpEx
−$4.3K −$1.99/SF
NOI
$10.0K $4.65/SF
Area
Kent County, RI
Vacancy
4.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,820
Cap Rate 7%
$143,443
Cap Rate 9%
$111,567
Alternative Uses
Best Use
Flex RnD
$189.6K
$165.9K – $221.2K
NOI $13,272 @ 7.0% cap
Second Best
Warehouse
$150.2K
$131.4K – $175.2K
NOI $10,511 @ 7.0% cap
Theoretical Best
Specialty Retail
$540.5K
$472.9K – $630.6K
NOI $37,834 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02886, RI
29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
Market
Properties on Market for Flex space in Kent County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A new HVAC system, updated fire protection, and paved parking support the office and warehouse configuration.
Where is this flex space located?
The property is located at 100 Central Street Warwick, RI.
What are key features of this property?
This property features: 2,158 SF total, with 1,360 SF warehouse and 800 SF office; Three offices and a reception area; 14‑foot clear span and 12‑foot overhead door
