Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warwick Office Space For Rent Title is generated by Realmo AI

    133 Central #2L, Warwick, RI 02886

    View on Map
    Claim this Listing
    For Lease
    $600/Mo $14 SF/Yr (calc)

    Office space for rent near amenities and airport.

    Type:Commercial
    Property size:
    500 SF
    Added:
    Jan 4, 2026
    Days on Market:
    152
    Last Refresh:
    Apr 5 at 11:31 pm

    Property Features for 133 Central #2L

    General Information

    Standard status
    Active
    Size
    500 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    NATHAN HOOD

    Listing agent NATHAN HOOD

    Listing office ABBOTT PROPERTIES, LLC

    Listing date Jan 4, 2026

    Source Corcoran

    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

    HighLights

    • Affordable office space suitable for various professional uses.
    • Excellent location just off Rt. 5, providing easy access to major amenities.
    • Proximity to restaurants, shopping malls, fuel stations, and RI. TF Green International Airport.
    • Approximately 500 SF of open office space.
    • Includes a private restroom and two storage closets.
    • Plenty of parking available.

    Overview

    This office space is suitable for general office use, such as for a CPA, attorney, or insurance agency. The space offers approximately 500 square feet of open office area, one private restroom, and two storage closets. There is ample parking available. The location provides proximity to Route 5 and various amenities, including restaurants, shopping malls, fuel stations, and Rhode Island T.F. Green International Airport. The lease is modified gross, with the tenant responsible for electricity and trash removal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Khrab Marketing & Design Advertising Agency Interstate Van Lines Moving Company People’s Moving & Storage Storage Facility Anchor Realty Co Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4703
    Latitude
    41.7278

    Nearby Similar for Lease

    • $21 SF/Yr
      3,000 SF

      College Park Office Condo Rental

      Office condo for rent in well-established Warwick professional hub.
      25-2-33 College Hill Rd, Warwick, RI
      View Details
    • $2,500/Mo
      800 SF

      Warehouse and Retail Space Available

      Warehouse/retail space with loading dock and second-floor office.
      2121 Elmwood Avenue, Warwick, RI 02888
      View Details
    • $12 SF/Yr
      1,995 SF

      Warwick Office or Retail Suites

      Office or retail suites in high-traffic commercial area.
      120 Lambert Lind Hwy, Warwick, RI 02886
      View Details
    • $25 SF/Yr
      750 SF

      Post Road Commercial Space Available

      750 SF commercial space for lease on Post Rd.
      1293 Post Road, Warwick, RI 02886
      View Details
    • $19 SF/Yr
      1,200 SF

      Warwick Retail Units For Rent

      Two retail units available on Post Road in Warwick, RI.
      1175 Post Road, Warwick, RI 02888
      View Details
    • $15 SF/Yr
      8,000 SF

      Two-Story Warwick Office Building

      Two-story office building near Route 95 and T.F. Greene Airport.
      144 Bignall, Warwick, RI 02888
      View Details
    • $600/Mo
      500 SF

      Affordable Office Space Available

      Office space near amenities, suitable for various professional uses.
      133 Central Street #2L, Warwick, RI 02886
      View Details
    • $2,500/Mo
      5,000 SF

      Warehouse and Office Space Available

      Warehouse/retail space with office, suitable for contractors.
      2121 Elmwood, Warwick, RI 02888
      View Details
    • $1,300/Mo
      1,100 SF

      Office Space Near Jefferson Blvd

      1,100 SF office suite with private entrance and parking.
      166 Lavan Street, Warwick, RI 02888
      View Details
    • $25 SF/Yr
      750 SF

      Post Road Commercial Space Available

      750 SF commercial space for lease on Post Road.
      1293 Post, Warwick, RI 02886
      View Details
    • $2,500/Mo
      1,536 SF

      Restaurant Space in Warwick Neck

      Ground-level commercial space ideal for a restaurant or diner.
      1690 W Shore Road, Warwick, RI 02889
      View Details
    • $2,500/Mo
      1,536 SF

      Restaurant Space in Warwick Neck

      Ground-level commercial space ideal for a restaurant or diner.
      1690 W Shore, Warwick, RI 02889
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent near amenities and airport.
    Where is this office units located?
    The property is located at 133 Central #2L Warwick, RI.
    What is the lease rate?
    The lease rate is $600 /Mo.
    What are key features of this property?
    This property features: Affordable office space suitable for various professional uses.; Excellent location just off Rt. 5, providing easy access to major amenities.; Proximity to restaurants, shopping malls, fuel stations, and RI. TF Green International Airport.
    (401) 732-0011
    We can help!
    Listing Contact
    NATHAN HOOD
    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
    133 Central #2L, 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!