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 Market456
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:
Leeds Mitchell IV, SIOR · License ##REB.0019529
(401) 261-5804
Source:
Moodyscre
Added: Jul 7, 2025
Changed: Oct 3
Last Checked: Oct 4 at 10:37AM
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 / Yr
$61,401
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Location Intelligence
Trade Area within ½ mile
106
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Market
Vacancy Rate% for Office in Northeast region
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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.
