Free-Standing Retail
For Sale
$2,400,000
1590 Post Road, Warwick, RI 02888
Storefront windows, on-site parking, and a partial basement with up to 13,000 SF available in a subdividable layout.
Property Size14,950 SF
Price / SF$160.54
Days on Market32
Property Features for 1590 Post Road
General Information
Standard status
Active
Size
14,950 SF
Property subtype
Retail
Site & Location
Pylon Signage
Yes
Traffic Count
29,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
open floor plan
storefront parking
abundant natural light
overhead door for deliveries
Building Details
Building Size
14,950 SF
Buildings
1
Listing Agency:
MG Commercial
(401) 465-9224
Listed By:
Dan Feiner · License #RI # RES.0029089
(401) 465-9224
Source:
Mgcommercial
Added: Jul 28
Changed: Aug 26
Last Checked: Aug 28 at 8:49AM
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 MG Commercial
Investment Insights
Based on property information with market context.
1590 Post Road is a 14,950 SF free-standing retail building offering up to approximately 13,000 SF available. The space can be subdivided to approximately 4,500 SF and includes a partial basement. The storefront is lined with windows, providing natural light, and the building features an open floor plan. An overhead door is included for deliveries.
The property provides parking in front and along both sides of the building, with the ability to expand into an additional adjacent lot. It covers a full block with significant frontage on Post Road, extending from Maryland to Massachusetts Avenue. Located directly on Post Road (Route 1), the site offers immediate access to the north and south cloverleafs of Route 37, connecting quickly to Interstate 95 and Interstate 295.
Set within a high-traffic trade area, 1590 Post Road is neighboring the new Cumberland Farms, with restaurants, banks, hotels, and TF Green International Airport just minutes away. The property also includes pylon signage and reports approximately 29,000+/- vehicles per day of daily traffic count.
The property provides parking in front and along both sides of the building, with the ability to expand into an additional adjacent lot. It covers a full block with significant frontage on Post Road, extending from Maryland to Massachusetts Avenue. Located directly on Post Road (Route 1), the site offers immediate access to the north and south cloverleafs of Route 37, connecting quickly to Interstate 95 and Interstate 295.
Set within a high-traffic trade area, 1590 Post Road is neighboring the new Cumberland Farms, with restaurants, banks, hotels, and TF Green International Airport just minutes away. The property also includes pylon signage and reports approximately 29,000+/- vehicles per day of daily traffic count.
Key Highlights
- 14,950 SF free‑standing retail building on a full block with significant frontage on Post Road (Route 1) (Map 310; Lot 266).
- Up to 13,000 +/- SF available and subdividable into approximately 4,500 SF units, plus a partial basement.
- Storefront is lined with windows for natural light and includes an overhead door for deliveries.
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
$193,258
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
8.05%
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%
$3,865,160
$3.9M
Cap Rate 7%
$2,760,829
$2.8M
Cap Rate 9%
$2,147,311
$2.1M
Market Conditions
NOI Build-Up for 14,950 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
$283.5K $18.96/SF
− Vacancy
−$7.4K −$0.49/SF
EGI
$276.1K $18.47/SF
− OpEx
−$82.8K −$5.54/SF
NOI
$193.3K $12.93/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$3,865,160
Cap Rate 7%
$2,760,829
Cap Rate 9%
$2,147,311
Alternative Uses
Best Use
Retail
$2.76M
$2.42M – $3.22M
NOI $193,258 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.74M
$3.28M – $4.37M
NOI $262,103 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
29,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 47%
Home Improvements & Furnishings 1%
Cumberland Farms
Shops & Services
22,185 visits/mo
0.1 miles
Dunkin' Donuts
Dining
14,600 visits/mo
0.3 miles
Burger King
Dining
13,038 visits/mo
0.4 miles
KFC
Dining
5,911 visits/mo
0.4 miles
Balise Toyota Of Warwick
Shops & Services
5,627 visits/mo
0.3 miles
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Storefront windows, on-site parking, and a partial basement with up to 13,000 SF available in a subdividable layout.
Where is this retail space located?
The property is located at 1590 Post Road Warwick, RI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 14,950 SF free‑standing retail building on a full block with significant frontage on Post Road (Route 1) (Map 310; Lot 266).; Up to 13,000 +/- SF available and subdividable into approximately 4,500 SF units, plus a partial basement.; Storefront is lined with windows for natural light and includes an overhead door for deliveries.
