Class A Office
2009-931 Jefferson Blvd, Warwick, RI 02886
For Sale
$249,900
The office space is in a professionally managed building near I-95 and T.F. Green International Airport.
Property Size1,500 SF
Price / SF$166.60
Days on Market17
Property Features for 2009-931 Jefferson Blvd
General Information
Standard status
Size
Class
Additional Details
Asking Price
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
Paul Harrison · License RI RES.0042365
(401) 473-7059
Source:
Exprealty
Added: Oct 27
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
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 RE/MAX Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Approximately 1,500 square feet of office space is offered for sale within a Class A building. The property is described as well maintained, and the building is professionally managed, providing an established office setting.
The Warwick property is minutes from Interstate 95 and T.F. Green International Airport, with access to destinations throughout Rhode Island.
The Warwick property is minutes from Interstate 95 and T.F. Green International Airport, with access to destinations throughout Rhode Island.
Key Highlights
- Approximately 1,500 square feet of office space
- Class A property in a professionally managed building
- Minutes from Interstate 95 and T.F. Green International Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,420
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,400
$368.4K
Cap Rate 7%
$263,143
$263.1K
Cap Rate 9%
$204,667
$204.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.0K $20.64/SF
− Vacancy
−$6.4K −$4.27/SF
EGI
$24.6K $16.37/SF
− OpEx
−$6.1K −$4.09/SF
NOI
$18.4K $12.28/SF
Area
Kent County, RI
Vacancy
20.67%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,400
Cap Rate 7%
$263,143
Cap Rate 9%
$204,667
Alternative Uses
Best Use
Office B
$263.1K
$230.3K – $307.0K
NOI $18,420 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$375.7K
$328.7K – $438.3K
NOI $26,298 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 02886, RI
29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Warwick, RI
Properties on Market for Office Units in Warwick
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The office space is in a professionally managed building near I-95 and T.F. Green International Airport.
Where is this office unit located?
The property is located at 2009-931 Jefferson Blvd Warwick, RI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Approximately 1,500 square feet of office space; Class A property in a professionally managed building; Minutes from Interstate 95 and T.F. Green International Airport
