Freestanding Office
For Sale
$399,900
Pending
1329 Jefferson, Warwick, RI 02886
Flexible office layout with private rooms, meeting space, support areas, and a fenced rear lot.
Property Size1,642 SF
Days on Market49
Property Features for 1329 Jefferson
General Information
Standard status
Pending
Size
1,642 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
O
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,410
Amenities
4-5 private offices
conference room
reception
kitchenette
multiple restrooms
full basement
updated mechanicals
Central air
Corner Lot
Central Air Cooling
Central Heating
Gas Heating
Building Details
Year Built
1955
Buildings
1
Listing Agency:
ABBOTT PROPERTIES, LLC
(401) 732-0011
Listed By:
NATHAN HOOD · License #RES.0045034
(774) 219-1247
Source:
Corcoran
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 24 at 5:47PM
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 ABBOTT PROPERTIES, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property contains 1,642 SF with 4–5 private offices, a conference room, reception area, kitchenette, multiple restrooms, and a full basement. Updated mechanical systems, vinyl siding, and vinyl windows contribute to the existing improvements. The building dates to 1955 and is being offered in as-is condition.
Exterior features include parking for 8+ vehicles and a fenced rear lot that may accommodate additional parking, subject to applicable requirements. The property is located at 1329 Jefferson in Warwick, with access to Routes 95, 37, and 295, T.F. Green International Airport, train stations, restaurants, and shopping within minutes. O Office District zoning also allows consideration of a single-family residential conversion, subject to local zoning, permitting, and buyer due diligence.
Exterior features include parking for 8+ vehicles and a fenced rear lot that may accommodate additional parking, subject to applicable requirements. The property is located at 1329 Jefferson in Warwick, with access to Routes 95, 37, and 295, T.F. Green International Airport, train stations, restaurants, and shopping within minutes. O Office District zoning also allows consideration of a single-family residential conversion, subject to local zoning, permitting, and buyer due diligence.
Key Highlights
- 1,642 SF freestanding office building in Warwick
- 4–5 private offices with conference room, reception, kitchenette, and multiple restrooms
- Full basement and updated mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,164
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,280
$403.3K
Cap Rate 7%
$288,057
$288.1K
Cap Rate 9%
$224,044
$224.0K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$33.9K $20.64/SF
− Vacancy
−$7.0K −$4.27/SF
EGI
$26.9K $16.37/SF
− OpEx
−$6.7K −$4.09/SF
NOI
$20.2K $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%
$403,280
Cap Rate 7%
$288,057
Cap Rate 9%
$224,044
Alternative Uses
Best Use
Office B
$288.1K
$252.1K – $336.1K
NOI $20,164 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with private rooms, meeting space, support areas, and a fenced rear lot.
Where is this office building located?
The property is located at 1329 Jefferson Warwick, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,642 SF freestanding office building in Warwick; 4–5 private offices with conference room, reception, kitchenette, and multiple restrooms; Full basement and updated mechanical systems
