Warwick Light Industrial Zoned
46 Warwick Industrial Drive Warwick, RI 02886
46 Warwick Industrial Drive, Warwick, RI, 02886
$2,600,000
For Sale
$2,600,000
31,000+ sq. ft. building on one acre in Warwick.
Property Size31,216 SF
Lot Size1.00 Acre
Price / SF$83.29
Days on Market119
Property Features for 46 Warwick Industrial Drive
General Information
- Standard status
- Active
- Size
- 31,216 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency
Coldwell Banker Realty
(401) 580-4555
Listed by
Kimberly Capirchio
(401) 580-4555
Source
Liongatere
Added: Mar 25 Updated: Jul 10 at 1:17 pm Checked: Jul 20 at 8:45 am
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This property is a light industrial zoned building in Warwick, Rhode Island. The building has over 31,000 square feet of space and is situated on over one acre. It is located in a desirable area and is close to T.F. Green Airport and major transportation routes. This location is suitable for light manufacturing, processing, storage, and distribution. The building is configured into two separate spaces, one approximately 10,000 sq. ft. and the other approximately 21,216 sq. ft. Each space includes dedicated office areas, mini-kitchens, restrooms, oversized garage doors, and loading docks. The spaces can function independently or be combined into one expansive facility, offering flexibility for a variety of operational needs. The property's strategic location, substantial square footage, and adaptable layout make it suitable for investors or owner-occupants seeking a high-value light industrial asset.
Key Highlights
- Prime location near T.F. Green Airport and major transportation routes.
- 31,000+ sq. ft. building on over one acre.
- Light Industrial Zoning suitable for manufacturing, processing, storage, and distribution.
Local Financial Insights For Warehouse
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 | $187.3k | $6.00 |
| − Vacancy | −$8.4k | −$0.27 |
| EGI | $178.9k | $5.73 |
| − OpEx | −$26.8k | −$0.86 |
| NOI | $152.0k | $4.87 |
31,216 SF · lease $6.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.17M
$1.90M – $2.53M
NOI $152,038 @ 7.0% cap · market cap 5.85%
Second Best
Industrial
$2.07M
$1.82M – $2.42M
NOI $145,241 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$7.82M
$6.84M – $9.12M
NOI $547,279 @ 7.0% cap · market cap 21.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brada Manufacturing
Industrial Manufacturer
Motion Conveyance Solutions
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 31,000+ sq. ft. building on one acre in Warwick.
Where is this manufacturing property located?
The property is located at 46 Warwick Industrial Drive 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: Prime location near T.F. Green Airport and major transportation routes.; 31,000+ sq. ft. building on over one acre.; Light Industrial Zoning suitable for manufacturing, processing, storage, and distribution.
