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    793 Shore Rd Warwick, RI 02889

    For Sale
    $550,000

    Three buildings, ample parking, downtown Warwick.

    Property size:
    9,103 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial investment opportunity encompasses three buildings situated on two parcels totaling 0.32 acres in desirable downtown Warwick, Rhode Island. The main property, 793 West Shore Road, is a fully renovated mixed-use building currently operating as a two-bedroom, one-bathroom single-family residence, generating a monthly rental income of $1500. This building boasts a complete remodel, including new sheetrock and flooring, updated plumbing, HVAC, electrical systems, a newer heating system, and central air conditioning. The first floor comprises a living room, eat-in kitchen, one bedroom, and laundry area. Upstairs, a spacious open loft with cathedral ceilings and a walk-in closet serves as a second bedroom

    Property Features for 793 Shore Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,103 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.38171
    Latitude
    41.72322

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    FAQs

    What type of property is this?
    Commercial real estate - Three buildings, ample parking, downtown Warwick.
    Where is this commercial real estate located?
    The property is located at 793 Shore Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $550,000.
    (508) 699-0608
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    Realmo Value Estimation

    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.

    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.

    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
    793 Shore Rd Warwick, RI 02889
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