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Flex Property with Regional Access

22 Minnesota Avenue Warwick, RI 02888

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22 Minnesota Avenue, Warwick, RI, 02888
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Flex property at 22 Minnesota Avenue with immediate access to major routes and TF Green International Airport.

Property Size3,200 SF
Price / SF$156.25
AddedJul 9
Days on Market6
Last RefreshJul 11 at 2:22 am

Property Features for 22 Minnesota Avenue

General Information

Standard status
Active
Size
3,200 SF
Property subtype
Office, Industrial

Building Details

Year Built
1979

Listing office Cushman & Wakefield Hayes & Sherry Real Estate Service

Listing date Jul 9, 2026

Source Crexi

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 Cushman & Wakefield Hayes & Sherry Real Estate Service


Investment Insights

Based on property information with market context.

This flex property at 22 Minnesota Avenue offers a flexible layout designed to support a range of commercial, industrial, and service-oriented uses. The offering is positioned as a functional space for businesses seeking operational versatility within an established corridor.

The property is described as having immediate access to I-95, Route 2 (Bald Hill Road), Route 117, and TF Green International Airport, supporting connectivity for employees, customers, and distribution across Warwick and the broader Providence area.

With a stated property size of 3,200 square feet, it provides a compact, adaptable footprint for organizations looking for a flexible real estate option.

Key Highlights

  • Flex property at 22 Minnesota Avenue in Warwick, RI, built in 1979
  • Immediate access to I‑95
  • Convenient access to Route 2 (Bald Hill Road) and Route 117

Local 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 $66.0k $20.64
− Vacancy −$13.7k −$4.27
EGI $52.4k $16.37
− OpEx −$13.1k −$4.09
NOI $39.3k $12.28
3,200 SF · lease $20.64/SF/yr · vacancy 20.67% · expense 25.00%

Alternative Uses

Best Use
Office B
$561.4K
$491.2K – $655.0K (±1% cap)
NOI $39,297 @ 7.0% cap · market cap 7.86%
Second Best
Flex RnD
$281.2K
$246.0K – $328.0K (±1% cap)
NOI $19,681 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$801.5K
$701.3K – $935.0K (±1% cap)
NOI $56,102 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Izzo Electric Electrical Service

Suggested Use

Real Estate Agency Restaurant Storage Facility Pharmacy Hotel & Motel Food Market Bakery Grocery & Convenience Store Gym & Fitness Center Grocery & Convenience Store

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

Similar Off Market Nearby

  • Emery's Catering Services — 425 Pavilion Ave, Warwick, RI 02888
  • Edible Creations by Gerry — 335 Jefferson Blvd, Warwick, RI 02888
  • Encore Catering — 1260 Post Rd, Warwick, RI 02888

FAQs

What type of property is this?
Flex space - Flex property at 22 Minnesota Avenue with immediate access to major routes and TF Green International Airport.
Where is this flex space located?
The property is located at 22 Minnesota Avenue Warwick, RI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Flex property at 22 Minnesota Avenue in Warwick, RI, built in 1979; Immediate access to I‑95; Convenient access to Route 2 (Bald Hill Road) and Route 117
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