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    215 Toll Gate Unit 302 Rd Warwick, RI 02886

    Sponsored
    For Lease
    Contact for pricing

    Prime Office Space, Ample Parking, Great Location

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional single-tenant office space, located at 215 Toll Gate Road, Unit 302 in Warwick, offers 650 square feet of versatile space ideal for a variety of professional uses, including traditional office, executive office, medical office, or specialty services. Situated on the top floor, this unit boasts convenient handicap access. The building features a substantial 100-space parking lot, minimizing parking concerns for staff and clients. Low condo fees contribute to the overall affordability and attractive return on investment. The property's strategic location offers unparalleled convenience. It's less than a mile from a local hospital and a short 2.7-mile drive to the courthouse. The surrounding area is rich with amenities, including easy access to major highways, daycares, various stores, and a diverse selection of restaurants. This prime location makes it an attractive option for professionals seeking a well-situated office space. The high demand for commercial rental space in this area, with rental rates ranging from $16 to $23 per square foot, underscores the significant investment potential of this property. This presents a compelling opportunity for investors seeking a strong return on their investment in a thriving commercial market. The building itself is a single-building property with one suite.

    Property Features for 215 Toll Gate Unit 302 Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • Prime Toll Gate Road location in Warwick.
    • Top‑floor, single‑tenant office suite with handicap access.
    • 650 square foot lot with 100 parking spaces.
    • Close proximity to hospital (0.8 miles) and courthouse (2.7 miles).
    • Excellent location near highways, daycares, stores, and restaurants.
    • Strong rental potential ($16‑23/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4725957
    Latitude
    41.7019473

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    FAQs

    What type of property is this?
    Medical office - Prime Office Space, Ample Parking, Great Location
    Where is this medical office located?
    The property is located at 215 Toll Gate Unit 302 Rd Warwick, RI.
    What are key features of this property?
    This property features: Prime Toll Gate Road location in Warwick.; Top-floor, single-tenant office suite with handicap access.; 650 square foot lot with 100 parking spaces.
    Request Owner's contact information
    215 Toll Gate Unit 302 Rd Warwick, RI 02886
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    Warwick, RI 02886
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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
    215 Toll Gate Unit 302 Rd Warwick, RI 02886
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