Industrial Flex Building with Loading
33 Minnesota Avenue, Warwick, RI 02888
For Sale
New
Contact for pricing
Light Industrial zoning supports warehouse, manufacturing, distribution, and flex operations.
Property Size34,688 SF
Lot Size1.68 Acres
Price / SF$74.95
Days on Market7
Property Features for 33 Minnesota Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Voltage
Three-Phase Power
Additional Details
Highway Access
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Sweeney Real Estate
Listed By:
Thomas Sweeney
(401) 523-5101
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 12 at 8:33AM
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 Sweeney Real Estate
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Investment Insights
Based on property information with market context.
This 34,688± SF flex/industrial property occupies 1.68 acres. Its layout includes approximately 27,300 SF of warehouse space, 4,250 SF of office space, and 1,750 SF of finished lower-level area. Building features include 14-foot ceilings, 480V three-phase power, two loading docks, and two 10' x 10' drive-in doors, with 30+ parking spaces on site. The property is zoned Light Industrial.
Key Highlights
- 34,688± SF building on 1.68 acres
- Approximately 27,300 SF of warehouse, 4,250 SF of office, and 1,750 SF of finished lower‑level space
- Two loading docks and two 10' x 10' drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,342
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,266,840
$4.3M
Cap Rate 7%
$3,047,743
$3.0M
Cap Rate 9%
$2,370,467
$2.4M
Market Conditions
NOI Build-Up for 34,688 SF
Gross rent
$345.5K $9.96/SF
− Vacancy
−$17.3K −$0.50/SF
EGI
$328.2K $9.46/SF
− OpEx
−$114.9K −$3.31/SF
NOI
$213.3K $6.15/SF
Area
Kent County, RI
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,266,840
Cap Rate 7%
$3,047,743
Cap Rate 9%
$2,370,467
Alternative Uses
Best Use
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,342 @ 7.0% cap · market cap 8.21%
Second Best
Warehouse
$2.41M
$2.11M – $2.82M
NOI $168,948 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$8.69M
$7.60M – $10.14M
NOI $608,150 @ 7.0% cap · market cap 23.39%
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
14 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Kent County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Emery's Catering Services — 425 Pavilion Ave, Warwick, RI 02888
- Edible Creations by Gerry — 335 Jefferson Blvd, Warwick, RI 02888
- Encore Catering — 1260 Post Rd, Warwick, RI 02888
Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial zoning supports warehouse, manufacturing, distribution, and flex operations.
Where is this flex space located?
The property is located at 33 Minnesota Avenue Warwick, RI.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 34,688± SF building on 1.68 acres; Approximately 27,300 SF of warehouse, 4,250 SF of office, and 1,750 SF of finished lower‑level space; Two loading docks and two 10' x 10' drive‑in doors
