Multi-Unit Commercial
2291 W Shore Rd Warwick, RI 02889
2291 W Shore Rd, Warwick, RI, 02889
$400,000
Pending
For Sale
$400,000
Pending
Three well-maintained units each include a private bathroom and separate electric meters, plus dedicated parking and an oversized garage.
Property Size2,684 SF
Days on Market306
Property Features for 2291 W Shore Rd
General Information
- Standard status
- Pending
- Size
- 2,684 SF
Listing agency
Williams & Stuart Real Estate
(401) 230-3010
Listed by
Giana Valelli
(401) 230-3010
Source
Exprealty
Added: Sep 19, 2025 Updated: Jul 21 at 12:42AM Checked: Jul 21 at 12:42AM
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 Williams & Stuart Real Estate
Investment Insights
Based on property information with market context.
This multi-unit commercial building features three well-maintained units, and each unit includes a private bathroom. Separate electric meters support individual utility management. The property also provides approximately 15 dedicated parking spaces for customers and business operations, along with an oversized garage space that may be used for additional rental income or secure storage.
The property is located near Oakland Beach and Warwick Neck, with a history of diverse uses including a tattoo shop, locksmith, office space, and coffee shop.
Overall, the combination of multiple independently metered units, on-site parking, and an additional garage space creates a flexible setup for a range of commercial concepts.
The property is located near Oakland Beach and Warwick Neck, with a history of diverse uses including a tattoo shop, locksmith, office space, and coffee shop.
Overall, the combination of multiple independently metered units, on-site parking, and an additional garage space creates a flexible setup for a range of commercial concepts.
Key Highlights
- Multi‑unit commercial property with three well‑maintained units
- Each unit includes a private bathroom and separate electric meters
- Approx. 15 dedicated parking spaces for business owners and customers
Local Financial Insights For Retail
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 | $50.9k | $18.96 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $49.6k | $18.47 |
| − OpEx | −$14.9k | −$5.54 |
| NOI | $34.7k | $12.93 |
2,684 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$672.2K
$588.2K – $784.3K
NOI $47,056 @ 7.0% cap · market cap 11.76%
Second Best
Retail
$495.7K
$433.7K – $578.3K
NOI $34,696 @ 7.0% cap · market cap 8.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dan Saffer
Real Estate Agency
DMR Builders
Construction Company
The Ink Room RI
Tattoo & Piercing Shop
Anchor Boardsports
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Just In Time Flowers — 2440 W Shore Rd, Warwick, RI 02889
- Char's Flower Shoppe — 2440 W Shore Rd, Warwick, RI 02889
- Stop & Shop Florist — 2470 Warwick Ave, Warwick, RI 02889
- Larina's Rainbow Or Flowers — Warwick, RI 02889
FAQs
What type of property is this?
Storefront property - Three well-maintained units each include a private bathroom and separate electric meters, plus dedicated parking and an oversized garage.
Where is this storefront property located?
The property is located at 2291 W Shore Rd Warwick, RI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Multi‑unit commercial property with three well‑maintained units; Each unit includes a private bathroom and separate electric meters; Approx. 15 dedicated parking spaces for business owners and customers
