Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warwick Office/Retail Building For Sale Title is generated by Realmo AI

    1923 Post Road, Warwick, RI 02886

    View on Map
    Claim this Listing
    For Sale
    $495,000

    COMMERCIAL - Warwick, RI

    Type:Office
    Property size:
    1,537 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $322/SF
    Added:
    Oct 17, 2025
    Days on Market:
    212
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 1923 Post Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    GW
    Rooms
    Basement
    Interior features
    Ceiling Height (7 to 9 Ft)
    Basement
    Full
    Standard status
    Active
    Size
    1,537 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    7724

    Utilities

    Heating system
    Baseboard
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame, Masonry

    We can help!

    Listing Contact
    Rob Doorley

    Listing agent Rob Doorley

    Listing office Doorley Real Estate Inc 17 Sixth Avenue, RI

    Listing date Oct 17, 2025

    MLS# 1398096

    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.

    HighLights

    • Located in the heart of the "City Centre Warwick" project and "Gateway North" block, offering potential for future redevelopment and special zoning benefits.
    • Highly visible location on Post Road with a large lighted trade sign.
    • Minutes from TF Green Airport.
    • Updated and well‑maintained systems.
    • Handicap accessible with bathroom and ramp.
    • Adequate on‑site parking.

    Overview

    This professional office/retail building is located on Post Road in Warwick, Rhode Island. Situated in the "Gateway North" block, the property is part of the "City Centre Warwick" project, with information available regarding the proposed redevelopment and special zoning. Constructed in 1980, the building features updated and well-maintained systems. Adequate on-site parking is available, along with a large, lighted trade sign on Post Road. The building is equipped with a fire alarm, a handicap-accessible bathroom, and a ramp. Located minutes from TF Green Airport, the property is positioned in the heart of the proposed development project. The 0.12-acre property is zoned GW. This highly visible building can be occupied or purchased as an investment in the future redevelopment of the area. The property is also available for rent or lease to own.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    We Be Jammin' ... (Bike/Boat/Book/etc) Store Ch'i Lash Vocational School Glam with Kam Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Pharmacy Building Supply Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.43806
    Latitude
    41.729511

    Nearby Similar for Sale

    • $1,299,999
      2,928 SF

      Versatile Warwick Commercial Property

      High-visibility Warwick commercial property suitable for various uses.
      2871 Post Road, Warwick, RI 02886
      View Details
    • $2,500
      1,536 SF

      Restaurant Space in Warwick, RI

      1536 SF commercial space ideal for a restaurant.
      1690 W Shore Road, Warwick, RI 02889
      View Details
    • $400,000
      2,684 SF

      Multi-Unit Commercial Property in Warwick

      Versatile commercial property with three units and ample parking.
      2291 West Shore Road, Warwick, RI 02889
      View Details
    • $1.00
      7,870 SF

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre lot.
      449 Sandy Lane, Warwick, RI 02889
      View Details
    • $1,400,000
      7,870 SF

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre corner lot.
      449 Sandy Lane, Warwick, RI 02889
      View Details
    • $600
      300 SF

      Move-in-Ready Office in Warwick, RI

      Affordable office solution with functional amenities in a convenient location.
      422 Warwick Avenue, Warwick, RI 02888
      View Details
    • $325,000
      1,216 SF

      Freestanding Retail Building on Warwick

      High-visibility retail building in Warwick, ideal for owner-operator or investor.
      1926 Warwick Avenue, Warwick, RI 02889
      View Details
    • $1,850

      Warwick Commercial Tradesman Units Available

      Two joinable 1000 SF units with loading docks and amenities.
      140 Brownlee Boulevard, Warwick, RI 02886
      View Details
    • $195,000
      2,411 SF

      Warwick Office Condo For Sale

      Office condominium with easy highway access and customization potential.
      469 Centerville Road, Warwick, RI 02886
      View Details
    • $573,999
      2,072 SF

      Two Homes on One Lot

      Two single-family homes on one lot in Warwick, Rhode Island.
      283 Palmer Avenue, Warwick, RI 02889
      View Details
    • $22
      1,537 SF

      Professional Office/Retail Building For Sale

      Well-maintained office/retail building in Warwick, RI, near TF Green Airport.
      1923 Post Road, Warwick, RI 02886
      View Details
    • $579,900
      2,380 SF

      Mixed-Use Property with Development Potential

      Live, work, and invest in this versatile Warwick property.
      1020 Warwick Avenue, Warwick, RI 02888
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office/retail building in Warwick, RI, near TF Green Airport.
    Where is this office building located?
    The property is located at 1923 Post Road Warwick, RI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Located in the heart of the "City Centre Warwick" project and "Gateway North" block, offering potential for future redevelopment and special zoning benefits.; Highly visible location on Post Road **with a large lighted trade sign.**; Minutes from TF Green Airport.
    (401) 398-7070
    We can help!
    Listing Contact
    Rob Doorley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1923 Post Road, Warwick, RI 02886
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!