Versatile Office Suite with Open
For Sale
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210 Metacom Avenue, Warren, RI 02885
Features an open, naturally lit interior and previously operated as a daycare center.
Property Size1,008 SF
Price / SF$2.18
Days on Market107
Property Features for 210 Metacom Avenue
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
E. Ouellette Realty
Listed By:
Elise Ouellette · License #REB.0018262
(401) 714-9672
Source:
Lockandkeyre
Added: Jul 18
Changed: Oct 31
Last Checked: Oct 30 at 4:30PM
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 E. Ouellette Realty
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Investment Insights
Based on property information with market context.
Located at 210 Metacom Avenue in Warren, RI, this versatile commercial space is configured with an open floor plan and abundant natural light. The property was formerly operated as a daycare center, and the layout can support a range of permitted business uses.
The building is situated in a quiet residential neighborhood, offering flexibility for professional services, educational services, wellness practices, studios, and other commercial uses consistent with local permitting.
Some interior photos have been digitally enhanced to remove construction equipment and debris that was scattered about, and the space should be evaluated in person to confirm current condition and finish details.
The building is situated in a quiet residential neighborhood, offering flexibility for professional services, educational services, wellness practices, studios, and other commercial uses consistent with local permitting.
Some interior photos have been digitally enhanced to remove construction equipment and debris that was scattered about, and the space should be evaluated in person to confirm current condition and finish details.
Key Highlights
- 1,008 SF commercial space built in 1973
- Previously operated as a daycare center
- Open floor plan with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,248
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,960
$345.0K
Cap Rate 7%
$246,400
$246.4K
Cap Rate 9%
$191,644
$191.6K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$27.2K $27.00/SF
− Vacancy
−$4.2K −$4.19/SF
EGI
$23.0K $22.81/SF
− OpEx
−$5.7K −$5.70/SF
NOI
$17.2K $17.11/SF
Area
Bristol County, RI
Vacancy
15.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,960
Cap Rate 7%
$246,400
Cap Rate 9%
$191,644
Alternative Uses
Best Use
Office B
$246.4K
$215.6K – $287.5K
NOI $17,248 @ 7.0% cap · market cap 784.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.2K
$295.1K – $393.4K
NOI $23,606 @ 7.0% cap · market cap 1,073.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
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Business Placement
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
School - Features an open, naturally lit interior and previously operated as a daycare center.
Where is this school located?
The property is located at 210 Metacom Avenue Warren, RI.
What are key features of this property?
This property features: 1,008 SF commercial space built in 1973; Previously operated as a daycare center; Open floor plan with natural light
