Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1822-1824 Warwick Ave Warwick, RI 02889

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,900

    Highly visible retail opportunity in the heart of Warwick Avenue.

    Property size:
    864 SF
    Lot size:
    0.17 Acres

    Property Features for 1822-1824 Warwick Ave

    General Information

    Size
    864 SF
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Michael Russo
    Michael Russo
    Source: Moodyscre

    Listing Agent: Michael Russo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Freestanding Retail Building on Warwick

    This highly visible retail property is located on Warwick Avenue and benefits from significant daily car counts. The freestanding building is situated on a corner lot, offering ample parking and room for expansion. Currently configured as a hair salon, the property's GB (General Business Zone) allows for a multitude of potential uses, including retail, hospitality, food and beverage, fitness, commercial, and office. The property is connected to all public utilities, including natural gas. The building has a size of 864 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -71.4053022
    Latitude
    41.726759

    Nearby Similar for Sale

    • New
      $775,000
      0.29 Acres

      Prime Commercial Corner Near Airport

      High-visibility Warwick commercial property with flexible zoning and development potential.
      2199 Post Rd, Warwick, RI 02886
      View Details
    • $550,000
      Pending

      Two Homes on One Lot

      Residential opportunity with two homes on one lot in Warwick.
      403 Commonwealth Ave, Warwick, RI 02886
      View Details
    • $750,000
      0.30 Acres

      Warwick Neck Multi-Family with Carriage

      Well-maintained three-family with renovated carriage house in desirable Warwick Neck.
      357 Warwick Neck Ave, Warwick, RI 02889
      View Details
    • $579,900
      0.32 Acres

      Mixed-Use Property with Income Potential

      Mixed-use property with commercial space, residence, and development potential.
      1020 Warwick Ave, Warwick, RI 02888
      View Details
    • $579,900
      0.32 Acres

      Mixed-Use Property with Development Potential

      Live, work, and invest in this versatile Warwick property.
      1020 Warwick Ave, Warwick, RI 02888
      View Details
    • $799,900
      0.44 Acres

      Mixed-Use Property in Warwick, RI

      Updated mixed-use property with residential and commercial spaces in Warwick.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      0.98 Acres

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre lot.
      449 Sandy Ln, Warwick, RI 02889
      View Details
    • $1,400,000
      0.98 Acres

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre corner lot.
      449 Sandy Ln, Warwick, RI 02889
      View Details
    • $799,900
      0.44 Acres

      Unique Warwick Mixed-Use Property

      Updated mixed-use property with residential and commercial spaces.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • $625,000
      0.11 Acres

      Updated Multi-Family Home in Warwick

      Updated multi-family in Apponaug with strong rental history.
      84 Spruce St, Warwick, RI 02886
      View Details
    • New
      $550,000
      0.19 Acres

      Well-Maintained Two-Family Home

      Two-family home near Apponaug Cove, ideal for owner occupancy.
      110 Tiernan Ave, Warwick, RI 02886
      View Details
    • $539,000
      0.12 Acres

      Professional Office/Retail Building on Post Road

      Well-maintained office/retail building in Warwick, near TF Green Airport.
      1923 Post Rd, Warwick, RI 02886
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible retail opportunity in the heart of Warwick Avenue.
    Where is this retail space located?
    The property is located at 1822-1824 Warwick Ave Warwick, RI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - High-visibility location on Warwick Avenue with high daily car counts.; - Versatile GB (General Business Zone) allows for a multitude of uses (retail, hospitality, food/beverage, office, etc.).; - Freestanding building on a corner lot.
    (401) 885-5400
    Request Owner's contact information
    1822-1824 Warwick Ave Warwick, RI 02889
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1822-1824 Warwick Ave
    Warwick, RI 02889
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1822-1824 Warwick Ave Warwick, RI 02889
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Russo
    Michael Russo
    Real Estate License ID: REB.0018125
    (401) 885-5400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.