Versatile Multi-Level Commercial
577 Warren Avenue East Providence, RI 02914
For Sale
$995,000
Multi-level building with high visibility in a high-traffic area.
Property Size8,000 SF
Price / SF$124.38
Days on Market216
Property Features for 577 Warren Avenue
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency:
Residential Properties Ltd.
(508) 564-3555
Listed By:
Kathleen Flaherty
(508) 564-3555
Source:
Liongatere
Added: Dec 23, 2025
Changed: Jul 10
Last Checked: Jul 24 at 5:20PM
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 Residential Properties Ltd.
Investment Insights
Based on property information with market context.
This multi-level building offers a versatile commercial opportunity in a high-traffic, high-exposure area. The property features over 8,000 square feet of usable space across three levels, plus a 4,000 square foot basement. The first floor offers 1,800 square feet with a spacious open-concept layout, two private offices, two restrooms, and a kitchenette. A separate rear office suite includes a private restroom. An attached 2,240 square foot warehouse on the first level features high ceilings and a loading dock for shipping and receiving, and may be used for storage or retail space. The second floor provides 3,000 square feet with an expansive reception/waiting area, an oversized conference room, five individual private offices, a filing/storage room, a full kitchen, and a bathroom. The 4,040 square foot basement offers clean, wide-open space suitable for storage, inventory, or build-out potential. The building is equipped with a sprinkler system and is zoned for commercial use. Located on a major commercial corridor with excellent visibility, the property is suitable for a variety of uses, including medical, professional, creative, warehouse, or hybrid business models. The property offers income potential through a multi-tenant layout.
Key Highlights
- High‑visibility location in a high‑traffic commercial corridor.
- Over 8,000 sq ft of usable space across three levels.
- Warehouse with loading dock for convenient shipping/receiving.
Financial Insights For Retail
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 | $144.0k | $18.00 |
| − Vacancy | −$15.0k | −$1.87 |
| EGI | $129.0k | $16.13 |
| − OpEx | −$38.7k | −$4.84 |
| NOI | $90.3k | $11.29 |
8,000 SF · lease $18.00/SF/yr · vacancy 10.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,406 @ 7.0% cap · market cap 10.39%
Second Best
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,500 @ 7.0% cap · market cap 9.50%
Theoretical Best
Multifamily LT 5
$1.90M
$1.67M – $2.22M
NOI $133,204 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Efforts
Advertising Agency
PCG - Ebenezer, RI ...
Church
Mario J Carneiro ...
Accounting Firm
Scootfarm Enterprises
Big Box & Wholesale Store
FAQs
What type of property is this?
Mixed-use property - Multi-level building with high visibility in a high-traffic area.
Where is this mixed-use property located?
The property is located at 577 Warren Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑visibility location in a high‑traffic commercial corridor.; Over 8,000 sq ft of usable space across three levels.; Warehouse with loading dock for convenient shipping/receiving.
