Mixed-Use Commercial
606 Metacom Avenue Warren, RI 02885
For Sale
$1,250,000
Multi-tenant commercial building includes flexible retail/office/service space with parking and an upstairs apartment.
Property Size4,586 SF
Price / SF$272.57
Days on Market128
Property Features for 606 Metacom Avenue
General Information
- Standard status
- Active
- Size
- 4,586 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2001
Listing Agency:
Residential Properties Ltd.
(508) 564-3555
Listed By:
Kathleen Flaherty
(508) 564-3555
Source:
Xome
Added: Mar 19
Changed: Jul 22
Last Checked: Jul 23 at 3:47AM
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.
606 Metacom Avenue is a mixed-use commercial property with approximately 4,586 SF of flexible space configured for retail/office/service use. The layout includes offices, an open layout area, and bathroom(s), and the property provides approximately 35 to 40 parking spots. The building is partially occupied, with existing tenants in place.
The property also includes an upstairs apartment, which is currently vacant. In addition, 5 Homestead Avenue is included in the sale as a single-family residence used as a rental property. That home offers 4 bedrooms, 1 1/2 bathrooms, and approximately 1,530 SF of living space.
Together, the included units provide multiple income streams, combining occupied commercial space, a vacant apartment, and an additional rental home.
The property also includes an upstairs apartment, which is currently vacant. In addition, 5 Homestead Avenue is included in the sale as a single-family residence used as a rental property. That home offers 4 bedrooms, 1 1/2 bathrooms, and approximately 1,530 SF of living space.
Together, the included units provide multiple income streams, combining occupied commercial space, a vacant apartment, and an additional rental home.
Key Highlights
- 606 Metacom Avenue commercial building built in 2001 with approximately 4,586 SF of flexible retail/office/service space
- Mixed‑use setup includes an upstairs apartment that is currently vacant, alongside partially occupied commercial space with existing tenants
- Parking for 35 vehicles plus tennis court on site
Financial Insights For Office B
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 | $123.8k | $27.00 |
| − Vacancy | −$19.2k | −$4.19 |
| EGI | $104.6k | $22.81 |
| − OpEx | −$26.2k | −$5.70 |
| NOI | $78.5k | $17.11 |
4,586 SF · lease $27.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$980.9K – $1.31M
NOI $78,472 @ 7.0% cap · market cap 6.28%
Second Best
Retail
$975.3K
$853.4K – $1.14M
NOI $68,273 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,399 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Van Amberg Family ...
Alternative Medicine Practice
GG's Pretzels
Bakery
Victorias Flowers
(Bike/Boat/Book/etc) Store
Shannon Studio of Dance ...
Training Center
FAQs
What type of property is this?
Mixed-use property - Multi-tenant commercial building includes flexible retail/office/service space with parking and an upstairs apartment.
Where is this mixed-use property located?
The property is located at 606 Metacom Avenue Warren, RI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 606 Metacom Avenue commercial building built in 2001 with approximately 4,586 SF of flexible retail/office/service space; Mixed‑use setup includes an upstairs apartment that is currently vacant, alongside partially occupied commercial space with existing tenants; Parking for 35 vehicles plus tennis court on site
