Front-of-Center Retail
New
For Sale
Contact for pricing
400 Warwick Avenue #2, Warwick, RI 02888
Located at the front of a Warwick Avenue strip mall, with potential for retail, office, or service use.
Property Size1,100 SF
Price / SF$0.02
Days on Market4
Property Features for 400 Warwick Avenue #2
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
Abbott Properties, LLC
(401) 732-0011
Listed By:
Karen Catuogno · License #REB.0018061
(401) 363-8888
Source:
Lockandkeyre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:10PM
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 Abbott Properties, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,100-square-foot retail space is positioned at the front of a strip mall. The building dates to 1986, and the space is available January 1, 2027. The stated use possibilities include retail, professional offices, and services.
The property is on Warwick Avenue near Edgewood in Warwick, Rhode Island.
The property is on Warwick Avenue near Edgewood in Warwick, Rhode Island.
Key Highlights
- 1,100 square feet of retail space
- Front position within a strip mall
- On Warwick Avenue near Edgewood in Warwick, Rhode Island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,220
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,400
$284.4K
Cap Rate 7%
$203,143
$203.1K
Cap Rate 9%
$158,000
$158.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$20.9K $18.96/SF
− Vacancy
−$542 −$0.49/SF
EGI
$20.3K $18.47/SF
− OpEx
−$6.1K −$5.54/SF
NOI
$14.2K $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%
$284,400
Cap Rate 7%
$203,143
Cap Rate 9%
$158,000
Alternative Uses
Best Use
Retail
$203.1K
$177.8K – $237.0K
NOI $14,220 @ 7.0% cap · market cap 74,842.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$275.5K
$241.1K – $321.4K
NOI $19,285 @ 7.0% cap · market cap 101,500.00%
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
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Dining 12%
Home Improvements & Furnishings 9%
Beauty & Spa 2%
Shaw's Supermarket
Groceries
27,990 visits/mo
0.2 miles
Stop & Shop
Groceries
27,826 visits/mo
0.3 miles
Warwick Ace Hardware
Home Improvements & Furnishings
6,998 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,669 visits/mo
0.1 miles
Domino's Pizza
Dining
2,324 visits/mo
0.3 miles
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
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
Frequently Asked Questions
What type of property is this?
Retail space - Located at the front of a Warwick Avenue strip mall, with potential for retail, office, or service use.
Where is this retail space located?
The property is located at 400 Warwick Avenue #2 Warwick, RI.
What are key features of this property?
This property features: 1,100 square feet of retail space; Front position within a strip mall; On Warwick Avenue near Edgewood in Warwick, Rhode Island
