Building Details

Year Built 1988

Listing Agency: COLDWELL BANKER REALTY Show Phone

Listed By: KIMBERLY CAPIRCHIO Show Phone

Source: Corcoran

Added: Mar 25 Changed: Aug 8 Last Checked: Sep 12 at 3:18AM

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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 31,000+ sq. ft. building situated on over one acre in Warwick, RI. The location is close to T.F. Green Airport and major transportation routes. It is suited for light manufacturing, processing, storage, and distribution. The building is configured into two separate spaces, approximately 10,000 sq. ft. and 21,216 sq. ft., totaling over 31,000 sq ft. Each space features 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 is zoned for light industrial use and is an opportunity 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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$152,038

Cap Rate

5.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,040,760 $3.0M

Cap Rate 7%

$2,171,971 $2.2M

Cap Rate 9%

$1,689,311 $1.7M

Market Conditions

NOI Build-Up for 31,216 SF

Gross rent

$187.3K $6.00/SF

− Vacancy

−$8.4K −$0.27/SF

EGI

$178.9K $5.73/SF

− OpEx

−$26.8K −$0.86/SF

NOI

$152.0K $4.87/SF

Area

Kent County, RI

Vacancy

4.50%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,040,760

Cap Rate 7%

$2,171,971

Cap Rate 9%

$1,689,311

Alternative Uses

Best Use

Warehouse

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $152,038 @ 7.0% cap · market cap 5.85%

Second Best

Industrial

$2.07M

$1.82M – $2.42M (±1% cap)

NOI $145,241 @ 7.0% cap · market cap 5.59%

Theoretical Best

Specialty Retail

$7.82M

$6.84M – $9.12M (±1% cap)

NOI $547,279 @ 7.0% cap · market cap 21.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Brada Manufacturing Industrial Manufacturer Motion Conveyance Solutions Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Explore this area Business Placement

Demographics for 02886, RI

29,373

Population

13,669

Households

2.1

Avg Household Size

47

Median Age

37%

College-Educated

93%

High-School Grad

15.8 sq mi

ZIP Area

1,859

Density / Sq Mi

$91,037

Median Household Income

$52,851

Median Earnings

$1,300

Median Rent

$334,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - 31,000+ sq ft industrial building in Warwick, RI.

Where is this industrial property located?

The property is located at 46 Warwick Industrial 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.