Mixed-Use Investment
643-653 East Ave Warwick Warwick, RI 02886
643-653 East Ave Warwick, Warwick, RI, 02886
$3,600,000
For Sale
$3,600,000
Mixed-use portfolio with retail, office, and apartment units plus a separate two-family property.
Property Size13,722 SF
Lot Size0.42 Acres
Price / SF$262.35
Days on Market76
Property Features for 643-653 East Ave Warwick
General Information
- Standard status
- Active
- Size
- 13,722 SF
- Lot size
- 0.42 Acres
Building Details
- Year Built
- 1900
Listing agency
(508) 501-1443
Listed by
Ashley Paiva
(508) 501-1443
Source
Milestonerealtyinc
Added: May 7 Updated: Jul 21 at 4:33AM Checked: Jul 21 at 4:33AM
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 Ashley Paiva
Investment Insights
Based on property information with market context.
This for-sale mixed-use investment portfolio includes multiple buildings totaling 13,722 SF of building area on a 18,295.2 SF lot. The unit mix consists of 6 retail units, 14 office units, and 12 apartment units, along with a separate two-family property at 72 Baker St.
The portfolio is positioned on East Ave in Warwick, with strong accessibility referenced in the offering materials.
For buyers seeking a diversified income stream, the combination of retail, office, and residential units provides a broad base of tenants within the portfolio’s existing structure.
The portfolio is positioned on East Ave in Warwick, with strong accessibility referenced in the offering materials.
For buyers seeking a diversified income stream, the combination of retail, office, and residential units provides a broad base of tenants within the portfolio’s existing structure.
Key Highlights
- Mixed‑use investment portfolio on 643–653 East Ave and 72 Baker St in Warwick
- 13,722 SF total building area on an 18,295.2 SF total lot area
- Unit mix includes 6 retail units, 14 office units, and 12 apartment units
Local Financial Insights For Apartment 5plus
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 | $357.3k | $26.04 |
| − Vacancy | −$24.3k | −$1.77 |
| EGI | $333.0k | $24.27 |
| − OpEx | −$149.9k | −$10.92 |
| NOI | $183.2k | $13.35 |
13,722 SF · lease $26.04/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.62M
$2.29M – $3.05M
NOI $183,163 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$2.53M
$2.22M – $2.96M
NOI $177,383 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.01M
NOI $240,574 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Mixed-use portfolio with retail, office, and apartment units plus a separate two-family property.
Where is this storefront property located?
The property is located at 643-653 East Ave Warwick Warwick, RI.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Mixed‑use investment portfolio on 643–653 East Ave and 72 Baker St in Warwick; 13,722 SF total building area on an 18,295.2 SF total lot area; Unit mix includes 6 retail units, 14 office units, and 12 apartment units
