Mixed-Use Retail and Living
1153 Post Road Warwick, RI 02888
1153 Post Road, Warwick, RI, 02888
Contact for pricing
For Sale
Contact for pricing
Two-level mixed-use building offers a retail space and an upper residence with three bedrooms.
Property Size2,300 SF
Price / SF$173.48
Days on Market113
Property Features for 1153 Post Road
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Mixed Use, Office, Retail, Land, Multifamily
Building Details
- Year Built
- 1925
Listing agency
White Swan Realty
(401) 316-4110
Listed by
Michael Miele · License #744043047
Source
Crexi
Added: Mar 31 Updated: Jul 20 at 10:03PM Checked: Jul 20 at 10:03PM
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 White Swan Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a retail space on the lower level and a residential unit on the upper level. The residence has approximately 1,500 square feet of living area with three spacious bedrooms, a dining area, and a large living room.
The retail space provides approximately 800+ square feet, suitable for an owner-operated home base business or for leasing to a tenant for additional income.
The property is offered for sale and includes both the commercial and residential components in one building.
The retail space provides approximately 800+ square feet, suitable for an owner-operated home base business or for leasing to a tenant for additional income.
The property is offered for sale and includes both the commercial and residential components in one building.
Key Highlights
- Two‑level mixed‑use building with an upper residence plus a retail space
- Year built 1925
- Upper residence offers approximately 1,500 SF of living area with 3 bedrooms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $18.96 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.5k | $18.47 |
| − OpEx | −$12.7k | −$5.54 |
| NOI | $29.7k | $12.93 |
2,300 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$424.7K
$371.7K – $495.5K
NOI $29,732 @ 7.0% cap · market cap 7.45%
Second Best
Mixed Use
$405.9K
$355.1K – $473.5K
NOI $28,411 @ 7.0% cap · market cap 7.12%
Theoretical Best
Specialty Retail
$576.1K
$504.1K – $672.1K
NOI $40,324 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-level mixed-use building offers a retail space and an upper residence with three bedrooms.
Where is this live-work space located?
The property is located at 1153 Post Road Warwick, RI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑level mixed‑use building with an upper residence plus a retail space; Year built 1925; Upper residence offers approximately 1,500 SF of living area with 3 bedrooms
