Warwick Executive Park Office
For Sale
Contact for pricing
250 D Centerville Rd, Warwick, RI
Full-floor 5,000 SF office condo in Warwick Executive Park.
Property Size5,000 SF
Lot Size7.66 Acres
Price / SF$143.80
Days on Market401
Property Features for 250 D Centerville Rd
General Information
Standard status
Active
Size
5,000 SF
Lot size
7.66 Acres
Property subtype
OFFICE
Listing Agency:
MG Commercial
(401) 751-3200
Listed By:
Whitney Rugg · License ##REB.0019529
(401) 474-4879
Source:
Moodyscre
Added: Jul 7, 2025
Changed: Jul 10
Last Checked: Aug 11 at 8:36AM
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 MG Commercial
Investment Insights
Based on property information with market context.
This full-floor, 5,000 SF office condominium is located in the Warwick Executive Park. The suite features windows on three sides, providing ample daylight. The current configuration includes two executive offices, a large reception area, and a bullpen area. The unit also contains two restrooms and a large eat-in kitchenette. Additionally, there is 2,000 SF of open plan space that can be configured as needed. The units may be subdivided to create rental income for new ownership, with the ability to configure common area restrooms.
Key Highlights
- Full‑floor, 5,000 SF office condominium.
- Windows on three sides providing ample daylight.
- Potential for subdivision to create rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,228,020
$1.2M
Cap Rate 7%
$877,157
$877.2K
Cap Rate 9%
$682,233
$682.2K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$103.2K $20.64/SF
− Vacancy
−$21.3K −$4.27/SF
EGI
$81.9K $16.37/SF
− OpEx
−$20.5K −$4.09/SF
NOI
$61.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,228,020
Cap Rate 7%
$877,157
Cap Rate 9%
$682,233
Alternative Uses
Best Use
Office B
$877.2K
$767.5K – $1.02M
NOI $61,401 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,660 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Full-floor 5,000 SF office condo in Warwick Executive Park.
Where is this office units located?
The property is located at 250 D Centerville Rd Warwick, RI.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Full‑floor, 5,000 SF office condominium.; Windows on three sides providing ample daylight.; Potential for subdivision to create rental income.
