Office/Warehouse Conversion
2670 Warwick Avenue Warwick, RI 02889
2670 Warwick Avenue, Warwick, RI, 02889
$1,095,000
For Sale
$1,095,000
Vacant freestanding building offers 6,000 SF of office and 2,850 SF of warehouse with a loading dock and two overhead doors.
Property Size8,850 SF
Lot Size1.73 Acres
Price / SF$123.73
Days on Market28
Property Features for 2670 Warwick Avenue
General Information
- Standard status
- Active
- Size
- 8,850 SF
- Lot size
- 1.73 Acres
- Property subtype
- Office/Warehouse
Building Details
- Year Built
- 1980
Listing agency
MG Commercial
(401) 374-7038
Listed by
George Paskalis, SIOR · License #RI #0040525
(401) 374-7038
Source
Mgcommercial
Added: Jun 25 Updated: Jul 21 at 11:48PM Checked: Jul 22 at 5:37AM
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.
2670 Warwick Avenue is a vacant, freestanding office/warehouse building constructed of concrete block on a 1.73-acre site. The property includes 6,000 SF of office space and 2,850 SF of warehouse space. Warehouse improvements include a loading dock and two overhead doors. The layout also offers flexibility for conversion back to an industrial configuration, with the potential to return the space to 7,650 SF of warehouse and 1,200 SF of office.
On-site parking is available along the front, side, and rear of the building. The property is described as having convenient proximity to highway access.
As currently configured, the building supports combined office and warehouse use, while the documented door and dock features can support loading and distribution operations associated with warehouse space.
On-site parking is available along the front, side, and rear of the building. The property is described as having convenient proximity to highway access.
As currently configured, the building supports combined office and warehouse use, while the documented door and dock features can support loading and distribution operations associated with warehouse space.
Key Highlights
- Vacant, free‑standing office/warehouse building totaling 8,850 SF
- Built in 1980; concrete block construction on a 1.73‑acre site
- Includes 6,000 SF office space and 2,850 SF warehouse space
Local Financial Insights For Flex RnD
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 | $88.1k | $9.96 |
| − Vacancy | −$4.4k | −$0.50 |
| EGI | $83.7k | $9.46 |
| − OpEx | −$29.3k | −$3.31 |
| NOI | $54.4k | $6.15 |
8,850 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,681 @ 7.0% cap · market cap 9.93%
Second Best
Flex RnD
$777.6K
$680.4K – $907.2K
NOI $54,430 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,158 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Konica Minolta Business ...
Tech Support Center
AMS Imaging, LLC
Business Management Consultant
ScanPro 2000
Tech Support Center
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Vacant freestanding building offers 6,000 SF of office and 2,850 SF of warehouse with a loading dock and two overhead doors.
Where is this flex space located?
The property is located at 2670 Warwick Avenue Warwick, RI.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Vacant, free‑standing office/warehouse building totaling 8,850 SF; Built in 1980; concrete block construction on a 1.73‑acre site; Includes 6,000 SF office space and 2,850 SF warehouse space
