Corner Lot Office
444 West Shore Warwick, RI 02889
444 West Shore, Warwick, RI, 02889
$399,900
For Sale
$399,900
Brick office building on a prominent corner lot with multiple private offices, plumbing, and a full basement.
Property Size1,716 SF
Price / SF$233.04
Days on Market33
Property Features for 444 West Shore
General Information
- Standard status
- Active
- Size
- 1,716 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agency
RE/MAX PROFESSIONALS
(401) 884-6050
Listed by
AUGUSTUS MARSELLA · License #s30758
Source
Corcoran
Added: Jun 20 Updated: Jul 22 at 12:41AM Checked: Jul 22 at 12:41AM
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 RE/MAX PROFESSIONALS
Investment Insights
Based on property information with market context.
This brick front office building offers a total of 1,716 square feet and is configured to support flexible occupancy. The property can be used as a single office suite or divided into two portions, with one side featuring multiple private offices and existing plumbing infrastructure that may be suitable for medical, wellness, or professional use.
A full basement provides additional storage. Separate utilities serve both sides of the building, which can support divided use and independent operations.
Situated on a prominent corner lot in the Conimicut Village area near Hoxsie Four Corners, the property is positioned for easy access and visibility within an established business corridor.
A full basement provides additional storage. Separate utilities serve both sides of the building, which can support divided use and independent operations.
Situated on a prominent corner lot in the Conimicut Village area near Hoxsie Four Corners, the property is positioned for easy access and visibility within an established business corridor.
Key Highlights
- 1,716 SF brick front office building built in 1983
- Prominent corner lot location in the Conimicut Village area near Hoxsie Four Corners
- Multiple private offices on one side with existing plumbing infrastructure for medical, wellness, or professional use
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.3k | $27.00 |
| − Vacancy | −$3.5k | −$2.03 |
| EGI | $42.9k | $24.98 |
| − OpEx | −$17.1k | −$9.99 |
| NOI | $25.7k | $14.99 |
1,716 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$367.3K
$321.4K – $428.6K
NOI $25,714 @ 7.0% cap · market cap 6.43%
Second Best
Office B
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$429.8K
$376.1K – $501.4K
NOI $30,085 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Brick office building on a prominent corner lot with multiple private offices, plumbing, and a full basement.
Where is this office building located?
The property is located at 444 West Shore Warwick, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,716 SF brick front office building built in 1983; Prominent corner lot location in the Conimicut Village area near Hoxsie Four Corners; Multiple private offices on one side with existing plumbing infrastructure for medical, wellness, or professional use
