Showroom Property with Overhead
New
For Sale
Contact for pricing
325 Market St, Warren, RI 02885
Commercial showroom configuration with RB zoning, clear-span space, and additional land available for parking expansion.
Property Size15,084 SF
Lot Size1.38 Acres
Price / SF$159
Days on Market5
Property Features for 325 Market St
General Information
Standard status
Active
Size
15,084 SF
Class
A
Total Parking Spaces
15
Lot size
1.38 Acres
Property subtype
Retail, Industrial
Zoning
RB
Additional Details
Road Access
Yes
Clear Span
Yes
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
1
Building Size
15,084 SF
Listing Agency:
New England CRE
Listed By:
Brian W. Clark · License #RI REB.0015523
(401) 301-9002
Source:
Crexi
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 2:25PM
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 New England CRE
Investment Insights
Based on property information with market context.
This 2007 commercial property is configured for showroom and retail-oriented use, with approximately 1.38 acres supporting the building and future site improvements. The interior includes five overhead doors measuring 10 by 12 feet and 24-foot clear-span space. RB zoning and the established commercial layout support retail, service, showroom, and other permitted commercial uses.
The property fronts Route 136 in Warren, Rhode Island, with access to the town’s commercial corridor and surrounding East Bay communities. Excess land is available for parking expansion, providing additional flexibility within the existing site configuration.
The property fronts Route 136 in Warren, Rhode Island, with access to the town’s commercial corridor and surrounding East Bay communities. Excess land is available for parking expansion, providing additional flexibility within the existing site configuration.
Key Highlights
- Showroom and retail‑oriented commercial configuration
- Five 10x12 overhead doors
- 24‑foot clear‑span space
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
$201,299
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
8.39%
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%
$4,025,980
$4.0M
Cap Rate 7%
$2,875,700
$2.9M
Cap Rate 9%
$2,236,656
$2.2M
Market Conditions
NOI Build-Up for 15,000 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
$333.0K $22.20/SF
− Vacancy
−$23.3K −$1.55/SF
EGI
$309.7K $20.65/SF
− OpEx
−$108.4K −$7.23/SF
NOI
$201.3K $13.42/SF
Area
Bristol County, RI
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
35.00%
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%
$4,025,980
Cap Rate 7%
$2,875,700
Cap Rate 9%
$2,236,656
Alternative Uses
Best Use
Retail
$3.19M
$2.79M – $3.72M
NOI $223,310 @ 7.0% cap · market cap 9.30%
Second Best
Flex RnD
$2.88M
$2.52M – $3.35M
NOI $201,299 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$5.02M
$4.39M – $5.85M
NOI $351,282 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Commercial showroom configuration with RB zoning, clear-span space, and additional land available for parking expansion.
Where is this showroom located?
The property is located at 325 Market St Warren, RI.
What is the asking price?
The asking price for this property is $2,399,999.
What are key features of this property?
This property features: Showroom and retail‑oriented commercial configuration; Five 10x12 overhead doors; 24‑foot clear‑span space
