Accessible Office
For Sale
$1,149,999
2871 Post Road, Warwick, RI 02886
Commercial/Business,Commercial Sale, Warwick, RI
Property Size2,928 SF
Lot Size0.41 Acres
Price / SF$392.76
Days on Market179
Property Features for 2871 Post Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
21
Security features
Security System
Interior features
Ceiling Height (7 to 9 Ft), Ceiling Height (12 to 15 Ft)
Lot features
Corner, Paved, Sidewalks, Free Standing
Standard status
Active
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11746
Utilities
Heating system
Central, Forced Air
Cooling system
Central Air
Amenities
wheelchair accessible
open-concept area
soaring ceilings
oversized windows
reception and waiting area
administrative space
private rooms
break/lunch area
bathroom and shower facilities
Building Details
Year built
2009
Floors in Building
1
Building materials
Frame
Listing Agency:
Bhhs Pinnacle Realty · Berkshire Hathaway HomeServices
(401) 331-3948
Listed By:
Rhonda Sasa
(401) 241-7074
Added: Feb 24
Changed: Aug 21
Last Checked: Aug 22 at 1:06AM
MLS# 1405355
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,928-square-foot office building is scheduled to be delivered vacant at closing. Built in 2009, the property includes a reception and waiting area, administrative space, multiple private rooms, a break area, and bathroom and shower facilities. An open-concept area with oversized windows provides a distinct interior setting for office, medical, wellness, training, or specialty professional use. The floor plan can support changing operational requirements.
The building is wheelchair accessible throughout both the interior and exterior. A large on-site parking lot serves employees, clients, and visitors. Located at 2871 Post Road in Warwick, Rhode Island, the property occupies 0.41 acres and features frame construction, forced-air and central heating, and central air conditioning.
The building is wheelchair accessible throughout both the interior and exterior. A large on-site parking lot serves employees, clients, and visitors. Located at 2871 Post Road in Warwick, Rhode Island, the property occupies 0.41 acres and features frame construction, forced-air and central heating, and central air conditioning.
Key Highlights
- 2,928 SF office building on 0.41 acres
- Delivered vacant upon closing
- Wheelchair accessible interior and exterior
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
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
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Frequently Asked Questions
What type of property is this?
Office building - Vacant commercial property offers flexible interior areas, private rooms, and on-site parking.
Where is this office building located?
The property is located at 2871 Post Road 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: 2,928 SF office building on 0.41 acres; Delivered vacant upon closing; Wheelchair accessible interior and exterior
