Freestanding Retail
New
For Sale
$275,000
1822 Warwick Avenue, Warwick, RI 02889
Commercial/Business,Commercial Sale, Warwick, RI
Property Size864 SF
Lot Size0.17 Acres
Price / SF$318.29
Days on Market2
Property Features for 1822 Warwick Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB
Rooms
Basement
Parking
20
Interior features
Ceiling Height (7 to 9 Ft)
Basement
Full
Subdivision
Warwick Ave
Lot features
Corner Lot, Paved, Sidewalks, Free Standing, Suburban, Urban
Standard status
Active
Size
864 SF
Lot size
0.17 Acres
Additional Details
Corner Location
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4566
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
1
Building materials
Brick, Frame
Buildings
1
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Michael Russo
(401) 465-0417
Added: Oct 25
Last Checked: Oct 26 at 10:06AM
MLS# 1426929
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding 864-square-foot building sits on a 0.17-acre double corner parcel and is currently configured as a hair salon. The 1925 structure has brick and frame construction, a basement, and ceiling heights of 7 to 9 feet. Heating is provided by natural gas baseboard, with wall-unit cooling.
The property is connected to public water and sewer, along with natural gas. Its GB zoning supports a range of business uses as provided under that designation.
The property is connected to public water and sewer, along with natural gas. Its GB zoning supports a range of business uses as provided under that designation.
Key Highlights
- 864‑square‑foot freestanding building
- 0.17‑acre double corner lot
- GB zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,169
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,380
$223.4K
Cap Rate 7%
$159,557
$159.6K
Cap Rate 9%
$124,100
$124.1K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$16.4K $18.96/SF
− Vacancy
−$426 −$0.49/SF
EGI
$16.0K $18.47/SF
− OpEx
−$4.8K −$5.54/SF
NOI
$11.2K $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 Rate 5%
$223,380
Cap Rate 7%
$159,557
Cap Rate 9%
$124,100
Alternative Uses
Best Use
Retail
$159.6K
$139.6K – $186.2K
NOI $11,169 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$216.4K
$189.4K – $252.5K
NOI $15,148 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 24%
Beauty & Spa 7%
Citizens Bank
Shops & Services
11,181 visits/mo
0.5 miles
Shell
Shops & Services
7,269 visits/mo
0.4 miles
Seasons Corner Market
Shops & Services
5,058 visits/mo
0.4 miles
D'Angelo Grilled Sandwiches
Dining
4,808 visits/mo
0.5 miles
Honey Dew Donuts
Dining
3,368 visits/mo
0.1 miles
Demographics for 02889, RI
28,277
Population
11,947
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
3,327
Density / Sq Mi
$85,617
Median Household Income
$50,988
Median Earnings
$1,216
Median Rent
$299,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - A compact commercial building on a double corner lot offers public utilities and GB zoning.
Where is this storefront property located?
The property is located at 1822 Warwick Avenue Warwick, RI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 864‑square‑foot freestanding building; 0.17‑acre double corner lot; GB zoning
