Versatile Post Road Commercial
1620 Post Road Warwick Warwick, RI 02888
1620 Post Road Warwick, Warwick, RI, 02888
$975,000
For Sale
$975,000
Freestanding commercial building currently operating as an auto supply store, suited for retail, office, showroom, or restaurant uses.
Property Size4,360 SF
Price / SF$223.62
Days on Market44
Property Features for 1620 Post Road Warwick
General Information
- Standard status
- Active
- Size
- 4,360 SF
Building Details
- Year Built
- 1960
Listing Agency
(508) 501-1443
Listed by
Ashley Paiva
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 3 Checked: Jul 16 at 2:50 am
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 Ashley Paiva
Investment Insights
Based on property information with market context.
This freestanding commercial building is currently operating as an auto supply store. The property offers a versatile layout that can support a range of commercial uses, including retail, service, showroom, medical office, professional office, restaurant, or mixed-use concepts, subject to local approvals. The building’s existing use provides a practical baseline for an owner-operator, while redevelopment options are available for qualified buyers and developers.
Located at 1620 Post Road in Warwick, Rhode Island, the property benefits from direct roadway presence along Post Rd. It is described as having convenient access and visibility for customers and employees, and it sits within a commercial setting with established nearby businesses as well as surrounding residential neighborhoods.
For tenants, buyers, or developers looking for a flexible site, this property’s current automotive-oriented configuration may align with retail and service requirements, while the broader use range may fit medical and professional users as well. The opportunity is positioned for owner-user strategies, as well as investors or developers evaluating redevelopment potential, with final feasibility dependent on local approvals and permitting.
Located at 1620 Post Road in Warwick, Rhode Island, the property benefits from direct roadway presence along Post Rd. It is described as having convenient access and visibility for customers and employees, and it sits within a commercial setting with established nearby businesses as well as surrounding residential neighborhoods.
For tenants, buyers, or developers looking for a flexible site, this property’s current automotive-oriented configuration may align with retail and service requirements, while the broader use range may fit medical and professional users as well. The opportunity is positioned for owner-user strategies, as well as investors or developers evaluating redevelopment potential, with final feasibility dependent on local approvals and permitting.
Key Highlights
- Freestanding commercial building built in 1960 currently operating as an auto supply store
- Versatile setup suited for retail, office, showroom, or restaurant uses (subject to local approvals)
- Located on highly traveled Post Rd in Warwick, RI
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
Industrial
$289.8K
$253.6K – $338.1K
NOI $20,286 @ 7.0% cap · market cap 2.08%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Post Road Auto ...
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Gill Services — 1177 Jefferson Blvd, Warwick, RI 02886
- The Battery Shop — 2411 Post Rd, Warwick, RI 02886
- Sullivan Tire Wholesale — 1102 Jefferson Blvd, Warwick, RI 02886
- Sullivan Tire Commercial Truck Center — 1199 Jefferson Blvd, Warwick, RI 02886
- Sullivan Tire & Auto Service — 1102 Jefferson Blvd, Warwick, RI 02886
FAQs
What type of property is this?
Auto shop - Freestanding commercial building currently operating as an auto supply store, suited for retail, office, showroom, or restaurant uses.
Where is this auto shop located?
The property is located at 1620 Post Road Warwick 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: Freestanding commercial building built in 1960 currently operating as an auto supply store; Versatile setup suited for retail, office, showroom, or restaurant uses (subject to local approvals); Located on highly traveled Post Rd in Warwick, RI
