Industrial Building with Three
For Sale
Contact for pricing
262 Washington St, Warwick, RI
Three-unit industrial building near major roadways, Warwick, Rhode Island.
Property Size3,430 SF
Lot Size0.15 Acres
Price / SF$200
Days on Market378
Property Features for 262 Washington St
General Information
Standard status
Active
Size
3,430 SF
Lot size
0.15 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 331-9300
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:34AM
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 Sweeney Real Estate &Appraisal
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a three-unit industrial building featuring a total building area of approximately 3,430 square feet, situated on a land area of approximately 4,791 square feet. Each unit includes a mezzanine level. The property benefits from its location just off Warwick Avenue, providing convenient access to major roadways. The building is zoned for general business and features new heating, electrical, and fire systems.
Key Highlights
- New Heating, Electrical & Fire Systems
- 3 Unit Industrial Building with a 3,430± SF Building Area
- Mezzanine in Each Unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,096
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,920
$421.9K
Cap Rate 7%
$301,371
$301.4K
Cap Rate 9%
$234,400
$234.4K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$34.2K $9.96/SF
− Vacancy
−$1.7K −$0.50/SF
EGI
$32.5K $9.46/SF
− OpEx
−$11.4K −$3.31/SF
NOI
$21.1K $6.15/SF
Area
Kent County, RI
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,920
Cap Rate 7%
$301,371
Cap Rate 9%
$234,400
Alternative Uses
Best Use
Flex RnD
$301.4K
$263.7K – $351.6K
NOI $21,096 @ 7.0% cap · market cap 3.08%
Second Best
Industrial
$228.0K
$199.5K – $266.0K
NOI $15,959 @ 7.0% cap · market cap 2.33%
Theoretical Best
Specialty Retail
$859.1K
$751.7K – $1.00M
NOI $60,135 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Buddha Belly Food Truck & Restaurant — 400 Warwick Ave #16, Warwick, RI 02888
Frequently Asked Questions
What type of property is this?
Flex space - Three-unit industrial building near major roadways, Warwick, Rhode Island.
Where is this flex space located?
The property is located at 262 Washington St Warwick, RI.
What is the asking price?
The asking price for this property is $686,000.
What are key features of this property?
This property features: New Heating, Electrical & Fire Systems; 3 Unit Industrial Building with a 3,430± SF Building Area; Mezzanine in Each Unit
