Bright Open-Layout Office
3 New Industrial Way, Warren, RI 02885
For Sale
Contact for pricing
Office unit with parking, included utilities, and flexibility for private office or studio use.
Property Size800 SF
Price / SF$0.02
Days on Market99
Property Features for 3 New Industrial Way
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Broadway Real Estate Group
(401) 354-7969
Listed By:
Michelle Savastano · License RI REB.0016954
(401) 265-7078
Source:
Lockandkeyre
Added: Aug 4
Changed: Nov 8
Last Checked: Nov 10 at 7:21AM
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 Broadway Real Estate Group
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Investment Insights
Based on property information with market context.
This 800-square-foot office unit at 3 New Industrial Way offers a bright interior and an open layout suited to a private office or small fitness studio. Parking is available, and utilities are included.
Built in 2003, the property provides a compact commercial setting for an owner-user or operator seeking a flexible office configuration in Warren, Rhode Island.
Built in 2003, the property provides a compact commercial setting for an owner-user or operator seeking a flexible office configuration in Warren, Rhode Island.
Key Highlights
- 800‑square‑foot office unit
- Open layout with bright interior
- Parking available on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,780
$273.8K
Cap Rate 7%
$195,557
$195.6K
Cap Rate 9%
$152,100
$152.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$21.6K $27.00/SF
− Vacancy
−$3.3K −$4.19/SF
EGI
$18.3K $22.81/SF
− OpEx
−$4.6K −$5.70/SF
NOI
$13.7K $17.11/SF
Area
Bristol County, RI
Vacancy
15.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,780
Cap Rate 7%
$195,557
Cap Rate 9%
$152,100
Alternative Uses
Best Use
Office B
$195.6K
$171.1K – $228.2K
NOI $13,689 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.6K
$234.2K – $312.3K
NOI $18,735 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
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Business Placement
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with parking, included utilities, and flexibility for private office or studio use.
Where is this office unit located?
The property is located at 3 New Industrial Way Warren, RI.
What are key features of this property?
This property features: 800‑square‑foot office unit; Open layout with bright interior; Parking available on site
