Improved Flex Space with Fenced
New
For Sale
$2,800,000
1100 Warren Avenue, East Providence, RI 02914
Versatile sales and service facility with updated showroom, offices, and a secured outdoor yard.
Property Size14,310 SF
Lot Size2.98 Acres
Price / SF$195.67
Days on Market6
Property Features for 1100 Warren Avenue
General Information
Standard status
Active
Size
14,310 SF
Lot size
2.98 Acres
Property subtype
Sales/Service
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
1
Building Details
Building Size
14,310 SF
Year Built
1963
Buildings
1
Listing Agency:
MG Commercial
(401) 374-7038
Listed By:
George Paskalis, SIOR · License #RI #0040525
(401) 374-7038
Source:
Mgcommercial
Added: Aug 15
Changed: Aug 20
Last Checked: Aug 20 at 4:50AM
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 MG Commercial
Investment Insights
Based on property information with market context.
This flex property includes a 14,310-square-foot sales and service building on a 2.98-acre site with a fenced exterior yard. The facility provides nine grade-level doors, one loading dock, and 14-foot clear height for a range of commercial and industrial functions. Newly constructed mezzanine offices complement the brand-new showroom and office area, while significant improvements have been completed throughout the building.
The property comprises two parcels in East Providence identified as Map 607, Block 14, Lots 3 and 6, plus one parcel in Seekonk, Massachusetts identified as Map 9, Lot 268. Located at 1100 Warren Avenue in East Providence, the site offers access to I-195.
The property comprises two parcels in East Providence identified as Map 607, Block 14, Lots 3 and 6, plus one parcel in Seekonk, Massachusetts identified as Map 9, Lot 268. Located at 1100 Warren Avenue in East Providence, the site offers access to I-195.
Key Highlights
- 14,310 SF sales and service building
- 2.98‑acre site with fenced exterior yard
- Nine grade‑level doors and one loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,813,580
$1.8M
Cap Rate 7%
$1,295,414
$1.3M
Cap Rate 9%
$1,007,544
$1.0M
Market Conditions
NOI Build-Up for 14,310 SF
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.
Gross rent
$107.3K $7.50/SF
− Vacancy
−$644 −$0.05/SF
EGI
$106.7K $7.46/SF
− OpEx
−$16.0K −$1.12/SF
NOI
$90.7K $6.34/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,813,580
Cap Rate 7%
$1,295,414
Cap Rate 9%
$1,007,544
Alternative Uses
Best Use
Warehouse
$1.30M
$1.13M – $1.51M
NOI $90,679 @ 7.0% cap · market cap 3.24%
Second Best
Flex RnD
$1.26M
$1.11M – $1.47M
NOI $88,474 @ 7.0% cap · market cap 3.16%
Theoretical Best
Multifamily LT 5
$3.40M
$2.98M – $3.97M
NOI $238,268 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile sales and service facility with updated showroom, offices, and a secured outdoor yard.
Where is this flex space located?
The property is located at 1100 Warren Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 14,310 SF sales and service building; 2.98‑acre site with fenced exterior yard; Nine grade‑level doors and one loading dock
