Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Medical Building Suite Title is generated by Realmo AI

    390 Toll Gate Rd, Warwick, RI 02886

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical building suite for rent, all inclusive.

    Type:Office
    Added:
    Jul 22, 2021
    Days on Market:
    1757
    Last Refresh:
    Mar 18 at 7:56 am

    Property Features for 390 Toll Gate Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    David Lucivero
    David Lucivero

    Listing agent David Lucivero License #RI RES.0030865

    Listing office Cushman & Wakefield Hayes & Sherry Real Estate Service

    Listing date Jul 22, 2021

    Source Crexi

    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 Cushman & Wakefield Hayes & Sherry Real Estate Service

    HighLights

    • Freestanding medical building suite, perfect for your practice.
    • Rent includes all expenses.
    • Built in 1973.

    Overview

    This is a freestanding medical building suite available for rent. The rental agreement includes all expenses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kathryn A. Morrow, LMHC Counselor Dr. Mark Markarian ... Physician Kent Hospital Lab ... Medical Laboratory Tollgate Ob-Gyn Hospital Maryann R. Cascio, ... Counselor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cowesett Animal Hospital — 50 Calhoun Ave, Warwick, RI 02886
    • Apponaug Animal Hospital — 42 Benefit St, Warwick, RI 02886
    • Animal Care Services — 135 Meadow St, Warwick, RI 02886

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.476733
    Latitude
    41.7022468

    Nearby Similar for Lease

    • Contact for pricing

      Warehouse and Retail Space Available

      Warehouse/retail space with loading dock and second-floor office.
      2121 Elmwood Avenue, Warwick, RI 02888
      View Details
    • $1,000/Mo

      Class A Professional Office Spaces

      High-quality office spaces available June 1, 2026, with amenities.
      300 Centerville Road #19, Warwick, RI 02886
      View Details
    • $1,025/Mo

      Class A Office Suite Available

      Office suite or individual offices available for lease.
      300 Centerville Road #305, Warwick, RI 02886
      View Details
    • $15 SF/Yr

      Two-Story Warwick Office Building

      Two-story office building near Route 95 and T.F. Greene Airport.
      144 Bignall, Warwick, RI 02888
      View Details
    • Contact for pricing

      Affordable Office Space Available

      Office space near amenities, suitable for various professional uses.
      133 Central Street #2L, Warwick, RI 02886
      View Details
    • $1,000/Mo

      Class A Professional Offices

      High-quality coworking space available June 1, 2026.
      300 Centerville #19, Warwick, RI 02886
      View Details
    • $900/Mo

      Renovated Office Space Available

      Recently renovated office space ideal for productivity and collaboration.
      469 Centerville Road #206, Warwick, RI 02886
      View Details
    • Contact for pricing

      Office Space Near Jefferson Blvd

      1,100 SF office suite with private entrance and parking.
      166 Lavan Street, Warwick, RI 02888
      View Details
    • Contact for pricing

      Restaurant Space in Warwick Neck

      Ground-level commercial space ideal for a restaurant or diner.
      1690 W Shore Road, Warwick, RI 02889
      View Details
    • $700/Mo

      Affordable First Floor Office Unit

      Conveniently located office unit with ample parking and utilities included.
      797 Bald Hill Road, Warwick, RI 02886
      View Details
    • $1,500/Mo

      Class A Office Building

      Class A office building with private offices and shared amenities.
      935 Jefferson Boulevard, Warwick, RI 02886
      View Details
    • $500/Mo

      Sun Filled Office Spaces

      Well-appointed office spaces with amenities in central Apponaug.
      3252 Post Road, Warwick, RI 02886
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical building suite for rent, all inclusive.
    Where is this medical office space located?
    The property is located at 390 Toll Gate Rd Warwick, RI.
    What are key features of this property?
    This property features: Freestanding medical building suite, perfect for your practice.; Rent includes all expenses.; Built in 1973.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Lucivero
    David Lucivero
    Real Estate License ID: RI RES.0030865
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    390 Toll Gate Rd, Warwick, RI 02886
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!