Mixed-Use Property For
For Sale
Contact for pricing
129 Warren AV Warren Avenue, Pawtucket, RI 02860
Commercial space suitable for office and warehouse with rental income.
Property Size4,497 SF
Price / SF$105.40
Days on Market956
Property Features for 129 Warren AV Warren Avenue
General Information
Standard status
Active
Size
4,497 SF
Total Parking Spaces
39
Property subtype
Office, Land, Industrial
Building Details
Year Built
1900
Buildings
1
Stories
1
Listing Agency:
CENTURY 21 Shoreline Properties
Listed By:
Shanika Hodge
Source:
Crexi
Added: Feb 23, 2024
Changed: Oct 6
Last Checked: Oct 5 at 7:34PM
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 CENTURY 21 Shoreline Properties
Investment Insights
Based on property information with market context.
This mixed-use commercial property offers 4,497 square feet of space suitable for office and warehouse use, with the potential for additional rental income. The building is located minutes from the highway, providing accessibility. Schedule a showing to explore the possibilities.
Key Highlights
- Prime commercial space suitable for office and warehouse use
- Offers additional rental income potential
- 4,497 sq ft of versatile space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,496
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,920
$569.9K
Cap Rate 7%
$407,086
$407.1K
Cap Rate 9%
$316,622
$316.6K
Market Conditions
NOI Build-Up for 4,497 SF
Gross rent
$33.7K $7.50/SF
− Vacancy
−$202 −$0.05/SF
EGI
$33.5K $7.46/SF
− OpEx
−$5.0K −$1.12/SF
NOI
$28.5K $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 Rate 5%
$569,920
Cap Rate 7%
$407,086
Cap Rate 9%
$316,622
Alternative Uses
Best Use
Office B
$830.4K
$726.6K – $968.8K
NOI $58,127 @ 7.0% cap · market cap 12.26%
Second Best
Mixed Use
$758.9K
$664.0K – $885.4K
NOI $53,121 @ 7.0% cap · market cap 11.21%
Theoretical Best
Multifamily LT 5
$1.07M
$936.0K – $1.25M
NOI $74,877 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,518
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space suitable for office and warehouse with rental income.
Where is this mixed-use property located?
The property is located at 129 Warren AV Warren Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: Prime commercial space suitable for office and warehouse use; Offers additional rental income potential; 4,497 sq ft of versatile space
