Medical Office
New
For Sale
Contact for pricing
1050 Warwick Avenue, Warwick, RI 02888
On-site parking serves a medical office property on a substantial parcel.
Property Size3,290 SF
Lot Size0.75 Acres
Price / SF$0.01
Days on Market4
Property Features for 1050 Warwick Avenue
General Information
Standard status
Active
Size
3,290 SF
Lot size
0.75 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
RE/MAX Results
(401) 848-7827
Listed By:
The Anchor Team
(401) 474-3169
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:25PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This medical office property contains 3,290 square feet and sits on a 0.75-acre lot. The space was used for medical offices for decades and includes on-site parking. The building dates to 1980.
Key Highlights
- 3,290 square feet of medical office space
- Set on a 0.75‑acre lot
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,402
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,040
$808.0K
Cap Rate 7%
$577,171
$577.2K
Cap Rate 9%
$448,911
$448.9K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$67.9K $20.64/SF
− Vacancy
−$14.0K −$4.27/SF
EGI
$53.9K $16.37/SF
− OpEx
−$13.5K −$4.09/SF
NOI
$40.4K $12.28/SF
Area
Kent County, RI
Vacancy
20.67%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,040
Cap Rate 7%
$577,171
Cap Rate 9%
$448,911
Alternative Uses
Best Use
Healthcare Medical
$704.3K
$616.3K – $821.7K
NOI $49,301 @ 7.0% cap · market cap 224,095.45%
Second Best
Office B
$577.2K
$505.0K – $673.4K
NOI $40,402 @ 7.0% cap · market cap 183,645.45%
Theoretical Best
Specialty Retail
$824.0K
$721.0K – $961.3K
NOI $57,680 @ 7.0% cap · market cap 262,181.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - On-site parking serves a medical office property on a substantial parcel.
Where is this medical office space located?
The property is located at 1050 Warwick Avenue Warwick, RI.
What are key features of this property?
This property features: 3,290 square feet of medical office space; Set on a 0.75‑acre lot; On‑site parking
