Live-Work Office and
623 POST RD Warwick, RI 02888
623 POST RD, Warwick, RI, 02888
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For Sale
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Mixed-use property offering 2 one-bedroom apartments alongside 2,100 SF of office space.
Property Size3,528 SF
Price / SF$212.56
Days on Market18
Property Features for 623 POST RD
General Information
- Standard status
- Active
- Size
- 3,528 SF
- Property subtype
- Office
Building Details
- Year Built
- 1993
Listing agency
Broadway Real Estate Group
(401) 255-5530
Listed by
Doug Jeffrey
Source
Crexi
Added: Jul 6 Updated: Jul 22 at 3:06AM Checked: Jul 22 at 3:06AM
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 Broadway Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use live-work property includes 2,100 SF of office space and two 1BR apartments. The remaining area is part of the overall 3,528 SF building configuration, supporting both professional and residential use within the same structure.
The property is located at 623 Post Rd in Warwick, RI. It presents an owner-occupant or investor configuration that combines office space with separate residential units.
The office component is sized at 2,100 SF, and the residential portion consists of two one-bedroom units, allowing the building to function as both an office property and a residential income property.
The property is located at 623 Post Rd in Warwick, RI. It presents an owner-occupant or investor configuration that combines office space with separate residential units.
The office component is sized at 2,100 SF, and the residential portion consists of two one-bedroom units, allowing the building to function as both an office property and a residential income property.
Key Highlights
- Mixed‑use building built in 1993 featuring office and residential space
- Includes 2,100 SF of office space
- Features two 1BR apartments
Local Financial Insights For Multifamily LT 5
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 | $78.3k | $22.20 |
| − Vacancy | −$5.1k | −$1.44 |
| EGI | $73.2k | $20.76 |
| − OpEx | −$22.0k | −$6.23 |
| NOI | $51.3k | $14.53 |
3,528 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$732.3K
$640.8K – $854.4K
NOI $51,261 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$672.7K
$588.7K – $784.9K
NOI $47,092 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$883.6K
$773.2K – $1.03M
NOI $61,853 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Donelan James M
Law Firm
BuildTraffic
Advertising Agency
Furtado Legal Services
Law Firm
M O N ...
Landscaping
Richard F Daley ...
Law Firm
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FAQs
What type of property is this?
Live-work space - Mixed-use property offering 2 one-bedroom apartments alongside 2,100 SF of office space.
Where is this live-work space located?
The property is located at 623 POST RD Warwick, RI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Mixed‑use building built in 1993 featuring office and residential space; Includes 2,100 SF of office space; Features two 1BR apartments
