Flex Property with Regional
22 Minnesota Avenue Warwick, RI 02888
22 Minnesota Avenue, Warwick, RI, 02888
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For Sale
Contact for pricing
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
Days on Market10
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 Agency
Cushman & Wakefield Hayes & Sherry Real Estate Service
Listed by
David Lucivero · License #RI RES.0030865
Source
Crexi
Added: Jul 9 Checked: Jul 17 at 7:29 am
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.
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
NOI $39,297 @ 7.0% cap · market cap 7.86%
Second Best
Flex RnD
$281.2K
$246.0K – $328.0K
NOI $19,681 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$801.5K
$701.3K – $935.0K
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
Similar For Sale Nearby
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
