Three-Room Office
4 State Street, Warren, RI 02885
For Sale
Contact for pricing
Private entry, shared kitchenette, and included utilities create a practical workspace for business use.
Property Size400 SF
Price / SF$3.38
Days on Market104
Property Features for 4 State Street
General Information
Standard status
Size
Property subtype
Amenities
shared kitchenette
private building entry
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: Jul 30
Changed: Nov 8
Last Checked: Nov 10 at 8:32AM
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 400-square-foot office suite provides three private rooms within a historic commercial building constructed in 1865. The suite includes a dedicated building entrance, access to a shared kitchenette, and views toward Main Street. Utilities are included, simplifying day-to-day occupancy and administrative setup.
The property is located at 4 State Street in Downtown Warren, surrounded by restaurants, shops, and other downtown amenities. Its central setting places the office within an established commercial district with nearby services and street-level activity.
The property is located at 4 State Street in Downtown Warren, surrounded by restaurants, shops, and other downtown amenities. Its central setting places the office within an established commercial district with nearby services and street-level activity.
Key Highlights
- 400 SF office suite with three rooms
- Private building entrance for suite access
- Shared kitchenette included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,845
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,900
$136.9K
Cap Rate 7%
$97,786
$97.8K
Cap Rate 9%
$76,056
$76.1K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$10.8K $27.00/SF
− Vacancy
−$1.7K −$4.19/SF
EGI
$9.1K $22.81/SF
− OpEx
−$2.3K −$5.70/SF
NOI
$6.8K $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%
$136,900
Cap Rate 7%
$97,786
Cap Rate 9%
$76,056
Alternative Uses
Best Use
Office B
$97.8K
$85.6K – $114.1K
NOI $6,845 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$133.8K
$117.1K – $156.1K
NOI $9,368 @ 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
775
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 - Private entry, shared kitchenette, and included utilities create a practical workspace for business use.
Where is this office unit located?
The property is located at 4 State Street Warren, RI.
What are key features of this property?
This property features: 400 SF office suite with three rooms; Private building entrance for suite access; Shared kitchenette included
