Office Suite with Private
For Sale
Contact for pricing
70 Jefferson Boulevard #101, Warwick, RI 02888
A multi-room professional suite includes a reception area, conference room, and private bath.
Property Size1,540 SF
Price / SF$0.01
Days on Market30
Property Features for 70 Jefferson Boulevard #101
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
RI Real Estate Services
(401) 885-5400
Listed By:
Michael Russo · License #REB.0018125
(401) 465-0417
Source:
Lockandkeyre
Added: Sep 27
Changed: Oct 25
Last Checked: Oct 24 at 6:00PM
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 RI Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office suite contains 1,540 square feet arranged with a waiting area, receptionist office, 5 private offices, a conference room, a copy and break area, and a private bathroom. The building was constructed in 1983 and has a passenger elevator, bathrooms on every level, and ample parking.
Located on Jefferson Boulevard in Warwick, the property is near I-95, Rhode Island Airport, and rail service.
Located on Jefferson Boulevard in Warwick, the property is near I-95, Rhode Island Airport, and rail service.
Key Highlights
- 1,540‑square‑foot suite with 5 private offices
- Waiting area, receptionist office, conference room, copy/break area, and private bath
- Passenger elevator and bathrooms on every level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,912
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,240
$378.2K
Cap Rate 7%
$270,171
$270.2K
Cap Rate 9%
$210,133
$210.1K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$31.8K $20.64/SF
− Vacancy
−$6.6K −$4.27/SF
EGI
$25.2K $16.37/SF
− OpEx
−$6.3K −$4.09/SF
NOI
$18.9K $12.28/SF
Area
Kent County, RI
Vacancy
20.67%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,240
Cap Rate 7%
$270,171
Cap Rate 9%
$210,133
Alternative Uses
Best Use
Office B
$270.2K
$236.4K – $315.2K
NOI $18,912 @ 7.0% cap · market cap 82,226.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$385.7K
$337.5K – $450.0K
NOI $26,999 @ 7.0% cap · market cap 117,386.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-room professional suite includes a reception area, conference room, and private bath.
Where is this office unit located?
The property is located at 70 Jefferson Boulevard #101 Warwick, RI.
What are key features of this property?
This property features: 1,540‑square‑foot suite with 5 private offices; Waiting area, receptionist office, conference room, copy/break area, and private bath; Passenger elevator and bathrooms on every level
