Office Unit with Retail
For Sale
Contact for pricing
120 Lambert Lind Hwy, Warwick, RI 02886
Commercial suite supports office or retail use with interstate access and ample parking in a high-traffic area.
Property Size1,995 SF
Price / SF$0.01
Days on Market51
Property Features for 120 Lambert Lind Hwy
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Commercial
Zoning
GB
Lease Type
NNN
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$44,429
Building Details
Year Built
1984
Listing Agency:
Remax Revolution
(401) 921-5011
Listed By:
Michael Alves · License #REB.0014141
(401) 523-9555
Source:
Churchillprop
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 3:12PM
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 Remax Revolution
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Investment Insights
Based on property information with market context.
This 1,995-square-foot commercial suite supports office or retail use and was built in 1984. GB zoning adds a defined commercial framework for the property, while the flexible format can accommodate either office occupancy or a retail-oriented operation.
Located at 120 Lambert Lind Hwy in Warwick, the property offers access to I-295 and I-95. Ample parking is available on site, supporting daily access for occupants and visitors. The surrounding setting is identified as a high-traffic commercial area.
Located at 120 Lambert Lind Hwy in Warwick, the property offers access to I-295 and I-95. Ample parking is available on site, supporting daily access for occupants and visitors. The surrounding setting is identified as a high-traffic commercial area.
Key Highlights
- 1,995 square feet configured for office or retail use
- GB zoning
- Access to I‑295 and I‑95
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,980
$490.0K
Cap Rate 7%
$349,986
$350.0K
Cap Rate 9%
$272,211
$272.2K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$41.2K $20.64/SF
− Vacancy
−$8.5K −$4.27/SF
EGI
$32.7K $16.37/SF
− OpEx
−$8.2K −$4.09/SF
NOI
$24.5K $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%
$489,980
Cap Rate 7%
$349,986
Cap Rate 9%
$272,211
Alternative Uses
Best Use
Retail
$368.4K
$322.4K – $429.8K
NOI $25,789 @ 7.0% cap · market cap 214,908.33%
Second Best
Office B
$350.0K
$306.2K – $408.3K
NOI $24,499 @ 7.0% cap · market cap 204,158.33%
Theoretical Best
Specialty Retail
$499.7K
$437.2K – $582.9K
NOI $34,976 @ 7.0% cap · market cap 291,466.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 02886, RI
29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial suite supports office or retail use with interstate access and ample parking in a high-traffic area.
Where is this office unit located?
The property is located at 120 Lambert Lind Hwy Warwick, RI.
What are key features of this property?
This property features: 1,995 square feet configured for office or retail use; GB zoning; Access to I‑295 and I‑95
