Freestanding Office
New
For Sale
$399,900
1329 Jefferson, Warwick, RI 02886
Flexible office layout with private rooms, meeting space, support areas, and a fenced rear lot.
Property Size1,642 SF
Price / SF$243.54
Days on Market4
Property Features for 1329 Jefferson
General Information
Standard status
Active
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
$8,161
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: Sep 10
Last Checked: Sep 10 at 3:17PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,164
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Questions? Ask Rey
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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
