Office Warehouse Flex
2 Warren Ave North Providence, RI 02911
For Sale
Contact for pricing
Masonry office and warehouse building with a 10-ft drive-in door and 30+ parking spaces on 0.5 acres.
Property Size11,715 SF
Lot Size0.50 Acres
Price / SF$149.38
Days on Market237
Property Features for 2 Warren Ave
General Information
Standard status
Active
Size
11,715 SF
Lot size
0.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 523-5101
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Dec 5, 2025
Changed: Jul 26
Last Checked: Jul 29 at 2:55PM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This masonry flex-style facility includes office and warehouse space within an 11,715± SF building. The property sits on 0.5± acres and is equipped with a 10-ft drive-in door. Parking is available for 30+ vehicles.
Located at 2 Warren Ave in North Providence, RI, the site abuts the Woonasquatucket River and is described as quick to RT-44, I-295, and Downtown Providence. The property is zoned Residential - RG. Ownership financing is available.
Located at 2 Warren Ave in North Providence, RI, the site abuts the Woonasquatucket River and is described as quick to RT-44, I-295, and Downtown Providence. The property is zoned Residential - RG. Ownership financing is available.
Key Highlights
- 11,715± SF masonry office and warehouse building on 0.5± acres
- Includes a 10‑ft drive‑in door for warehouse access
- 30+ parking spaces
Financial Insights For Office B
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 | $234.8k | $20.04 |
| − Vacancy | −$32.9k | −$2.81 |
| EGI | $201.9k | $17.23 |
| − OpEx | −$50.5k | −$4.31 |
| NOI | $151.4k | $12.93 |
11,715 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.52M
NOI $151,426 @ 7.0% cap · market cap 8.65%
Second Best
Warehouse
$1.06M
$927.9K – $1.24M
NOI $74,235 @ 7.0% cap · market cap 4.24%
Theoretical Best
Multifamily LT 5
$2.79M
$2.44M – $3.25M
NOI $195,060 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Table 12 — 10 Cold Spring Ave, North Providence, RI 02911
- Green Apple Carter — 8 century cir, north providence, ri 02911
Frequently Asked Questions
What type of property is this?
Flex space - Masonry office and warehouse building with a 10-ft drive-in door and 30+ parking spaces on 0.5 acres.
Where is this flex space located?
The property is located at 2 Warren Ave North Providence, RI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 11,715± SF masonry office and warehouse building on 0.5± acres; Includes a 10‑ft drive‑in door for warehouse access; 30+ parking spaces
