Warwick Retail Redevelopment
1620 Post, Warwick, RI 02888
Commercial property with high visibility and redevelopment potential in Warwick.
Type:Commercial
Property size:
4,360 SFPrice / SF:
$223/SF- Added:
- May 19, 2026
- Days on Market:
- 11
- Last Refresh:
- May 20 at 4:58 am
Property Features for 1620 Post
General Information
- Standard status
- Active
- Size
- 4,360 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agent ANTHONY CAPRIO
Listing office CENTER PLACE REALTY & INVESTM. (401) 943-9797
Listing date May 19, 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 CENTER PLACE REALTY & INVESTM.
HighLights
- Prime commercial location on highly traveled Post Rd in Warwick with outstanding visibility.
- Exceptional redevelopment potential for various commercial uses (retail, service, office, restaurant, etc.).
- Strategically located minutes from major highway access.
- Surrounded by established businesses and dense residential neighborhoods.
- Versatile property suitable for owner‑user, investor, or developer.
- Currently operating as an auto supply store.
Overview
This commercial property is located on Post Road in Warwick, offering visibility and convenient access. The property is currently operating as an auto supply store. It is suited for a range of commercial uses, including retail, service, showroom, medical, professional office, restaurant, or mixed-use concepts, subject to local approvals. The location is near highway access and surrounded by established businesses and residential neighborhoods. The property has redevelopment potential and is suitable for an owner-user, investor, or developer. The property size is 4360 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.7k | $18.96 |
| − Vacancy | −$2.1k | −$0.49 |
| EGI | $80.5k | $18.47 |
| − OpEx | −$24.2k | −$5.54 |
| NOI | $56.4k | $12.93 |
4,360 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$805.2K
$704.5K – $939.4K
NOI $56,361 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$955.5K – $1.27M
NOI $76,440 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Post Road Auto ...
Auto Parts Store
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4338697
- Latitude
- 41.7368375
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Commercial property with high visibility and redevelopment potential in Warwick.
Where is this retail property located?
The property is located at 1620 Post Warwick, RI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime commercial location on highly traveled Post Rd in Warwick with outstanding visibility.; Exceptional redevelopment potential for various commercial uses (retail, service, office, restaurant, etc.).; Strategically located minutes from major highway access.
