Flex Space with Loading
New
For Sale
$599,900
75 Roberts Street, West Warwick, RI 02893
Commercial/Business,Commercial Sale, West Warwick, RI
Property Size8,560 SF
Lot Size0.23 Acres
Price / SF$70.08
Days on Market5
Property Features for 75 Roberts Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
6
Security features
Security
Interior features
Ceiling Height (9 to 12 Ft)
Lot features
Suburban
Standard status
Active
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9261
Utilities
Sewer type
Cesspool
Heating system
Forced Air
Cooling system
Ductless, Central Air
Building Details
Year built
1940
Building materials
Frame, Masonry
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
Karl Martone · License #145726
(401) 232-7900
Added: Aug 18
Last Checked: Aug 22 at 2:06AM
MLS# 1420954
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8,560 SF flex property at 75 Roberts Street combines open commercial space with ground-level loading access and a layout that can be configured for separate areas or occupants. The building’s 9-to-12-foot ceiling range, frame and masonry construction, and on-site parking support a range of operational requirements. Warehouse, light manufacturing, contractor, distribution, and other commercial applications are identified for the property.
Constructed in 1940, the building is served by forced-air heating and both ductless and central air conditioning. The 0.227-acre site uses a cesspool for sewer service and is located in West Warwick, RI 02893. Its flexible interior arrangement can accommodate businesses seeking adaptable work, storage, or production space.
Constructed in 1940, the building is served by forced-air heating and both ductless and central air conditioning. The 0.227-acre site uses a cesspool for sewer service and is located in West Warwick, RI 02893. Its flexible interior arrangement can accommodate businesses seeking adaptable work, storage, or production space.
Key Highlights
- 8,560 SF flex space at 75 Roberts Street
- Ground‑level loading doors support warehouse and operational access
- 9‑to‑12‑foot ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,052,940
$1.1M
Cap Rate 7%
$752,100
$752.1K
Cap Rate 9%
$584,967
$585.0K
Market Conditions
NOI Build-Up for 8,560 SF
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.
Gross rent
$85.3K $9.96/SF
− Vacancy
−$4.3K −$0.50/SF
EGI
$81.0K $9.46/SF
− OpEx
−$28.3K −$3.31/SF
NOI
$52.6K $6.15/SF
Area
Kent County, RI
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,052,940
Cap Rate 7%
$752,100
Cap Rate 9%
$584,967
Alternative Uses
Best Use
Flex RnD
$752.1K
$658.1K – $877.5K
NOI $52,647 @ 7.0% cap · market cap 8.78%
Second Best
Warehouse
$595.6K
$521.1K – $694.9K
NOI $41,691 @ 7.0% cap · market cap 6.95%
Theoretical Best
Specialty Retail
$2.14M
$1.88M – $2.50M
NOI $150,074 @ 7.0% cap · market cap 25.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Touch of Class Catering — 1143 Main St, West Warwick, RI 02893
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable ground-level commercial space supports warehouse, manufacturing, and distribution uses.
Where is this flex space located?
The property is located at 75 Roberts Street West Warwick, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 8,560 SF flex space at 75 Roberts Street; Ground‑level loading doors support warehouse and operational access; 9‑to‑12‑foot ceiling height
