Three-Bay Auto
329 Providence Street, West Warwick, RI 02893
For Sale
$799,000
Commercial/Business,Commercial Sale, West Warwick, RI
Property Size1,980 SF
Lot Size0.66 Acres
Price / SF$403.54
Days on Market48
Property Features for 329 Providence Street
General Information
Property type
Property subtype
Parking
Lot features
Standard status
Lot size
Additional Details
Real Estate Included
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Building materials
Buildings
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Sean Carlino Esq. · License #REB.0018093
(401) 640-6010
Added: Sep 23
Changed: Oct 28
Last Checked: Nov 9 at 3:06AM
MLS# 1424115
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,980-square-foot brick auto shop has three garage bays and sits on a 0.66-acre parcel. Built in 1950, the building has forced-air heating and wall and window cooling units. The site also includes outdoor space alongside the building.
The property is at 329 Providence Street in West Warwick, with a short drive to Bald Hill Road. The commercial corridor is reported to carry more than 20,000 daily traffic impressions.
The property is at 329 Providence Street in West Warwick, with a short drive to Bald Hill Road. The commercial corridor is reported to carry more than 20,000 daily traffic impressions.
Key Highlights
- 1,980‑square‑foot brick building with three garage bays
- 0.66‑acre parcel
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,595
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,900
$511.9K
Cap Rate 7%
$365,643
$365.6K
Cap Rate 9%
$284,389
$284.4K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$37.5K $18.96/SF
− Vacancy
−$976 −$0.49/SF
EGI
$36.6K $18.47/SF
− OpEx
−$11.0K −$5.54/SF
NOI
$25.6K $12.93/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,900
Cap Rate 7%
$365,643
Cap Rate 9%
$284,389
Alternative Uses
Best Use
Retail
$365.6K
$319.9K – $426.6K
NOI $25,595 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$131.6K
$115.2K – $153.5K
NOI $9,212 @ 7.0% cap · market cap 1.15%
Theoretical Best
Specialty Retail
$495.9K
$433.9K – $578.6K
NOI $34,713 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 31%
Home Improvements & Furnishings 24%
Apparel 10%
Dunkin' Donuts
Dining
15,362 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
13,615 visits/mo
0.5 miles
Speedway
Shops & Services
10,805 visits/mo
0.1 miles
Guitar Center
Shops & Services
9,499 visits/mo
0.4 miles
Famous Footwear
Apparel
4,328 visits/mo
0.5 miles
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- reliable tires warehouse — 1104 Bald Hill Rd, Warwick, RI 02886
- Porcelli Auto Center — 301 Providence St, West Warwick, RI 02893
- Natick Autobody — 322 Providence St, West Warwick, RI 02893
- Providence Street Garage — 326 Providence St, West Warwick, RI 02893
- Barber's Auto Sales & Body Inc — 334 Providence St, West Warwick, RI 02893
Frequently Asked Questions
What type of property is this?
Auto shop - A brick commercial building pairs a three-bay garage with a substantial outdoor site.
Where is this auto shop located?
The property is located at 329 Providence Street West Warwick, RI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,980‑square‑foot brick building with three garage bays; 0.66‑acre parcel; Built in 1950
