Mixed-Use Home with ADA
For Sale
$799,900
14 W Natick Road, Warwick, RI 02886
MULTI_FAMILY - Warwick, RI
Property Size4,271 SF
Lot Size0.44 Acres
Price / SF$187.29
Days on Market303
Property Features for 14 W Natick Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3
Parking
7
Parking features
None
Basement
Full, Unfinished
Appliances
Gas Water Heater
Lot features
Local Historic District
Standard status
Active
Size
4,271 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Natural Gas, Baseboard
Cooling system
Ductless
Building Details
Year built
1955
Number of units
2
Flooring type
Laminate
Building materials
Wood
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REC.0005226
(508) 726-3492
Added: Oct 14, 2025
Changed: Aug 4
Last Checked: Aug 12 at 12:06AM
MLS# 1397795
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully updated mixed-use property brings together a spacious 4-bedroom, 2-bath single-family home and a separate commercial office space on the same lot. The improvements are comprehensive, including new electric, plumbing, septic system, parking lot, paint, flooring, kitchen, and bathrooms, providing a move-in-ready setup for both portions of the property.
The commercial office is ADA compliant and includes a handicap ramp. The office is equipped with electric ductless heat and A/C, and it has a full, walk-out basement that opens to the parking lot.
Located in Warwick, the property is just minutes from major interstates and within walking distance to Warwick Mall and local amenities.
The commercial office is ADA compliant and includes a handicap ramp. The office is equipped with electric ductless heat and A/C, and it has a full, walk-out basement that opens to the parking lot.
Located in Warwick, the property is just minutes from major interstates and within walking distance to Warwick Mall and local amenities.
Key Highlights
- Fully updated mixed‑use property with a 4‑bedroom, 2‑bath single‑family home plus a commercial office space on one lot
- Commercial office space is ADA compliant with a handicap ramp and electric ductless heat and A/C
- Electric, plumbing, septic system, parking lot, paint, flooring, kitchen, and bathrooms were updated
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
$57,010
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
7.13%
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%
$1,140,200
$1.1M
Cap Rate 7%
$814,429
$814.4K
Cap Rate 9%
$633,444
$633.4K
Market Conditions
NOI Build-Up for 4,271 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
$111.2K $26.04/SF
− Vacancy
−$7.6K −$1.77/SF
EGI
$103.7K $24.27/SF
− OpEx
−$46.6K −$10.92/SF
NOI
$57.0K $13.35/SF
Area
Kent County, RI
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$1,140,200
Cap Rate 7%
$814,429
Cap Rate 9%
$633,444
Alternative Uses
Best Use
Apartment 5plus
$814.4K
$712.6K – $950.2K
NOI $57,010 @ 7.0% cap · market cap 7.13%
Second Best
Mixed Use
$753.7K
$659.5K – $879.3K
NOI $52,758 @ 7.0% cap · market cap 6.60%
Theoretical Best
Specialty Retail
$1.07M
$936.0K – $1.25M
NOI $74,879 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Fully updated property combines a 4-bedroom home with an ADA-compliant office suite.
Where is this live-work space located?
The property is located at 14 W Natick Road Warwick, RI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Fully updated mixed‑use property with a 4‑bedroom, 2‑bath single‑family home plus a commercial office space on one lot; Commercial office space is ADA compliant with a handicap ramp and electric ductless heat and A/C; Electric, plumbing, septic system, parking lot, paint, flooring, kitchen, and bathrooms were updated
