Multi-Tenant Office
2797 POST RD Warwick, RI 02886
2797 POST RD, Warwick, RI, 02886
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For Sale
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Three-unit office building with a currently vacant lower level on highly visible Post Road in Warwick, Rhode Island.
Property Size3,464 SF
Price / SF$180.43
Days on Market31
Property Features for 2797 POST RD
General Information
- Standard status
- Active
- Size
- 3,464 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1970
Listing Agency
Elite Commercial Realty
(401) 479-6233
Listed by
Robert Fox · License #RES.0045429
Source
Crexi
Added: Jun 16 Checked: Jul 16 at 4:21 am
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 Elite Commercial Realty
Investment Insights
Based on property information with market context.
This well-maintained, three-unit multi-tenant office building offers a total of 3,464 SF across separate offices. The property is designed for straightforward tenanting and includes a lower-level space that is currently vacant, creating an immediate opportunity for an owner-user to occupy the premises or for an investor to lease the unit. The building is presented in good condition and benefits from having existing tenancies within the overall configuration.
The building is situated on highly visible Post Road in Warwick, Rhode Island, providing strong day-to-day accessibility for clients and employees. It is conveniently located near major transportation and business access points, including I-95 and Route 37, with T.F. Green International Airport also nearby. The area includes restaurants, retail amenities, and other major business services.
For prospective tenants, the mix of units can support a variety of office users seeking a shared, multi-tenant setting on a heavily traveled corridor. For buyers, the vacant lower-level unit provides flexibility and enables a tailored occupancy plan, whether that means moving in as an owner-user or adding a new tenant to the existing income stream.
The building is situated on highly visible Post Road in Warwick, Rhode Island, providing strong day-to-day accessibility for clients and employees. It is conveniently located near major transportation and business access points, including I-95 and Route 37, with T.F. Green International Airport also nearby. The area includes restaurants, retail amenities, and other major business services.
For prospective tenants, the mix of units can support a variety of office users seeking a shared, multi-tenant setting on a heavily traveled corridor. For buyers, the vacant lower-level unit provides flexibility and enables a tailored occupancy plan, whether that means moving in as an owner-user or adding a new tenant to the existing income stream.
Key Highlights
- 3,464 SF, 3‑unit multi‑tenant office building for sale in Warwick, RI
- Lower‑level space is currently vacant, offering potential for an owner‑user or additional rental income
- Well‑maintained office property on highly visible Post Road in Warwick
Local Financial Insights For Office B
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 | $71.5k | $20.64 |
| − Vacancy | −$14.8k | −$4.27 |
| EGI | $56.7k | $16.37 |
| − OpEx | −$14.2k | −$4.09 |
| NOI | $42.5k | $12.28 |
3,464 SF · lease $20.64/SF/yr · vacancy 20.67% · expense 25.00%
Alternative Uses
Best Use
Office B
$607.7K
$531.7K – $709.0K
NOI $42,539 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$867.6K
$759.1K – $1.01M
NOI $60,731 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Rex Real Estate ...
Real Estate Agency
Silvers Psychology and Wellness
Counselor
RI Laser Sculpting
Spa & Massage Center
Dunkin
Cafe & Coffee Shop
Pilloni Family Chiropractic
Alternative Medicine Practice
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FAQs
What type of property is this?
Office building - Three-unit office building with a currently vacant lower level on highly visible Post Road in Warwick, Rhode Island.
Where is this office building located?
The property is located at 2797 POST RD Warwick, RI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,464 SF, 3‑unit multi‑tenant office building for sale in Warwick, RI; Lower‑level space is currently vacant, offering potential for an owner‑user or additional rental income; Well‑maintained office property on highly visible Post Road in Warwick
