Warwick Office Building For
For Sale
$1,149,999
2871 Post Road Warwick, Warwick, RI 02886
2,928 SF professional office building in high-traffic Warwick location.
Property Size2,928 SF
Price / SF$392.76
Days on Market106
Property Features for 2871 Post Road Warwick
General Information
Standard status
Active
Size
2,928 SF
Total Parking Spaces
21
Taxes and HOA fees
Annual Taxes
$11,746
Building Details
Year Built
2009
Buildings
1
Stories
1
Listing Agency:
(508) 501-1443
Listed By:
Alyson Roslonek
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 16
Changed: Aug 25
Last Checked: Aug 28 at 8:10AM
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 Alyson Roslonek
Investment Insights
Based on property information with market context.
Located in a high-visibility, high-traffic corridor in Warwick, this well-maintained 2,928 sq ft professional office building presents a flexible-use opportunity. Currently home to a successful physical therapy practice, it offers potential for medical, professional, wellness, or general office use. The interior features a welcoming waiting area, reception and administrative space, individual therapy/service rooms, a dedicated lunch/break room, and bathroom and shower facilities. The building is fully wheelchair accessible, both interior and exterior. A standout feature is the expansive open-concept therapy or recreational area, highlighted by soaring ceilings and oversized windows that flood the space with natural light. This impressive area creates a bright, energizing environment and offers exceptional versatility for medical, fitness, training, collaborative workspace, or specialty practice use. The flexible layout allows for adaptation to meet evolving business needs. A large on-site parking lot provides convenient access for employees and clients. Positioned along one of Warwick's primary commercial routes, it benefits from strong daily traffic counts and outstanding business exposure. Convenient access to major highways and proximity to T F Green International Airport further enhance regional accessibility. It is an excellent opportunity for investors or owner-occupants seeking a versatile, high-traffic commercial property.
Key Highlights
- High‑visibility location in a high‑traffic corridor in Warwick.
- Flexible‑use 2,928 sq ft professional office building suitable for medical, professional, wellness, or general office use.
- Expansive open‑concept therapy/recreational area with soaring ceilings and oversized windows.**
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
$43,876
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
3.82%
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%
$877,520
$877.5K
Cap Rate 7%
$626,800
$626.8K
Cap Rate 9%
$487,511
$487.5K
Market Conditions
NOI Build-Up for 2,928 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
$79.1K $27.00/SF
− Vacancy
−$5.9K −$2.03/SF
EGI
$73.1K $24.98/SF
− OpEx
−$29.3K −$9.99/SF
NOI
$43.9K $14.99/SF
Area
Kent County, RI
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$877,520
Cap Rate 7%
$626,800
Cap Rate 9%
$487,511
Alternative Uses
Best Use
Healthcare Medical
$626.8K
$548.5K – $731.3K
NOI $43,876 @ 7.0% cap · market cap 3.82%
Second Best
Office B
$513.7K
$449.5K – $599.3K
NOI $35,957 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$733.3K
$641.7K – $855.6K
NOI $51,334 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02886, RI
29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,928 SF professional office building in high-traffic Warwick location.
Where is this medical office space located?
The property is located at 2871 Post Road Warwick Warwick, RI.
What is the asking price?
The asking price for this property is $1,149,999.
What are key features of this property?
This property features: High‑visibility location in a high‑traffic corridor in Warwick.; Flexible‑use 2,928 sq ft professional office building suitable for medical, professional, wellness, or general office use.; Expansive open‑concept therapy/recreational area with soaring ceilings and oversized windows.**
