Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Lot Retail/Showroom Space Title is generated by Realmo AI

    5 Church Street, West Warwick, RI 02893

    View on Map
    Claim this Listing
    New
    For Lease
    $3,700/Mo $10 SF/Yr (calc)

    Versatile corner-lot space with large pylon signage and overhead doors for office, showroom, or retail operations.

    Property size:
    4,400 SF
    Added:
    May 30, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 5 Church Street

    General Information

    Standard status
    Active
    Size
    4,400 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    The Hiraldo Group

    Listing agent The Hiraldo Group

    Listing office BHHS Commonwealth Real Estate

    Listing date May 30, 2026

    Source Liongatere

    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 BHHS Commonwealth Real Estate

    HighLights

    • Approximately 4,400 SF versatile commercial space available for lease
    • Prominent corner lot on a busy, high‑traffic intersection
    • Large pylon signage for visibility and business exposure
    • Flexible layout suited for office, showroom, or retail use
    • Connected to a garage/storage area with two overhead doors

    Overview

    Approximately 4,400 square feet of versatile commercial space is available for lease on a prominent corner lot. The property offers exceptional visibility at a busy, high-traffic intersection, complemented by large pylon signage for strong brand exposure. The interior configuration is flexible and can support office, showroom, or retail uses. The space also connects to a garage or storage area equipped with two overhead doors, adding practical utility for operations that need convenient drive-in access or additional storage.

    The property’s corner-lot setting and placement at a high-traffic intersection are designed to support customer-facing use, while the pylon signage provides additional street-level branding. The garage/storage connection and overhead doors support day-to-day servicing, receiving, or storage needs alongside a retail or office environment.

    This offering is well-suited for tenants seeking adaptable space that can be configured for multiple commercial concepts. The ability to subdivide may support different occupancy formats or phased buildout plans, depending on your operating requirements. The combination of front-facing visibility and back-of-house functionality makes the space practical for office, showroom, or retail users who benefit from both customer exposure and operational convenience.
    Location Intelligence

    Current Use by Public Records

    Liberty Mobility (Bike/Boat/Book/etc) Store Paul Long Production Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5208247
    Latitude
    41.6915776

    Nearby Similar for Lease

    • $1,900/Mo
      1,000 SF

      Medical Office Suite with Seven Offices

      Professional medical office suite with seven offices and convenient off-street client parking nearby.
      37 Washington Street #2, West Warwick, RI 02893
      View Details
    • $13 SF/Yr
      7,000 SF

      West Warwick Commercial Property For Lease

      Multi-unit commercial property with flexible spaces for various business types.
      770 Main Street, West Warwick, RI 02893
      View Details
    • $2,000/Mo
      1,080 SF

      Downtown West Warwick Office Space

      Professional office space in a high-visibility downtown location.
      37 Washington #1, West Warwick, RI 02893
      View Details
    • $12 SF/Yr
      7,000 SF

      West Warwick Versatile Commercial Property

      Multi-unit property ideal for retail, warehouse, office, or showroom.
      770 Main, West Warwick, RI 02893
      View Details
    • $1,500/Mo
      1,640 SF

      Refreshed Commercial Space on Corner

      Versatile West Warwick commercial space suitable for various business ventures.
      1542 Main Street, West Warwick, RI 02893
      View Details
    • $5 SF/Yr
      36,000 SF

      West Warwick Industrial/Warehouse Unit

      36,000 SF industrial/warehouse unit with loading docks.
      129 Brookside Avenue #4, West Warwick, RI 02893
      View Details
    • $5 SF/Yr
      112,000 SF

      West Warwick Industrial/Warehouse Unit

      36,000 SF industrial/warehouse unit with loading access.
      129 Brookside #4, West Warwick, RI 02893
      View Details
    • $1,500/Mo
      1,640 SF

      Refreshed Commercial Space on Corner

      Versatile 1,640 sq ft commercial space in West Warwick.
      1542 Main, West Warwick, RI 02893
      View Details
    • $2,000/Mo

      West Warwick Versatile Commercial Space

      Ground-floor commercial space perfect for office, assembly, and storage.
      21 Brayton Street, West Warwick, RI 02893
      View Details
    • Contact for pricing
      1,080 SF

      Downtown West Warwick Office Space

      Professional office spaces for lease in downtown West Warwick.
      37 Washington Street, West Warwick, RI 02893
      View Details
    • Contact for pricing
      2,434 SF

      West Warwick Professional Office Space

      Professional office space for lease in downtown West Warwick.
      37 Washington, West Warwick, RI 02893
      View Details
    • $500/Mo

      West Warwick Office/Storage Space

      Compact, efficient office or storage space in West Warwick.
      7 Weaver Street, West Warwick, RI 02893
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile corner-lot space with large pylon signage and overhead doors for office, showroom, or retail operations.
    Where is this retail space located?
    The property is located at 5 Church Street West Warwick, RI.
    What is the lease rate?
    The lease rate is $3,700 /Mo.
    What are key features of this property?
    This property features: Approximately 4,400 SF versatile commercial space available for lease; Prominent corner lot on a busy, high‑traffic intersection; Large pylon signage for visibility and business exposure
    (401) 451-2422
    We can help!
    Listing Contact
    The Hiraldo Group
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5 Church Street, West Warwick, RI 02893
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!