Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two Buildings on Half Acre Title is generated by Realmo AI

    84-86 Kilvert, Warwick, RI 02886

    View on Map
    Claim this Listing
    For Sale
    $748,900

    Two buildings on 0.5 acres with Inter Modal Zoning.

    Type:Commercial
    Property size:
    5,200 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $144/SF
    Added:
    Nov 8, 2025
    Days on Market:
    208
    Last Refresh:
    Apr 5 at 9:10 pm

    Property Features for 84-86 Kilvert

    General Information

    Standard status
    Active
    Size
    5,200 SF
    Lot size
    0.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Anna Foncellino

    Listing agent Anna Foncellino

    Listing office Coldwell Banker Realty - Franklin

    Listing date Nov 8, 2025

    Source Corcoran

    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 Coldwell Banker Realty - Franklin

    HighLights

    • Two buildings on a large 1/2 acre lot (two lots)
    • Inter‑modal zoning allows for diverse business uses (food service, daycare, medical, legal, etc.)
    • Recent extensive upgrades: New roofs, siding, decks, interior finishes, AC units, and more
    • Development potential: Half of the back lot is developable
    • Buildings can be purchased separately
    • Established location: Previously used as a bar, restaurant, and sandwich shop

    Overview

    This property features two buildings situated on a 0.5-acre lot, benefiting from Inter Modal Zoning. The site previously accommodated a bar, restaurant, and sandwich shop. The property is suitable for various uses, including food service, daycare, physical therapy, medical, dental, legal, and accounting services. Recent upgrades include new roofs, vinyl siding, decks, interior ceiling and flooring, AC units, fencing, bricks, windows, and steps. Half of the back lot presents development potential. The buildings can be purchased separately. The property size is 5200 square feet.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4411
    Latitude
    41.7291

    Nearby Similar for Sale

    • $975,000
      4,360 SF

      Warwick Commercial Opportunity on Post

      Commercial property on Post Rd in Warwick with redevelopment potential.
      1620 Post Road, Warwick, RI 02888
      View Details
    • $1,299,999
      2,928 SF

      Versatile Warwick Commercial Property

      High-visibility Warwick commercial property suitable for various uses.
      2871 Post Road, Warwick, RI 02886
      View Details
    • $685,000

      Colonial Office and Flex Building

      1930s office/flex building with ample parking and multiple private offices on a wooded 3/4-acre lot.
      873 Warwick Avenue, Warwick, RI 02888
      View Details
    • $2,500
      1,536 SF

      Restaurant Space in Warwick, RI

      1536 SF commercial space ideal for a restaurant.
      1690 W Shore Road, Warwick, RI 02889
      View Details
    • $400,000
      2,684 SF

      Multi-Unit Commercial Property in Warwick

      Versatile commercial property with three units and ample parking.
      2291 West Shore Road, Warwick, RI 02889
      View Details
    • $1.00
      7,870 SF

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre lot.
      449 Sandy Lane, Warwick, RI 02889
      View Details
    • $1,400,000
      7,870 SF

      Warwick Commercial Opportunity on Sandy

      7,870 sq ft commercial space on a 0.98-acre corner lot.
      449 Sandy Lane, Warwick, RI 02889
      View Details
    • $600
      300 SF

      Move-in-Ready Office in Warwick, RI

      Affordable office solution with functional amenities in a convenient location.
      422 Warwick Avenue, Warwick, RI 02888
      View Details
    • $325,000
      1,216 SF

      Freestanding Retail Building on Warwick

      High-visibility retail building in Warwick, ideal for owner-operator or investor.
      1926 Warwick Avenue, Warwick, RI 02889
      View Details
    • $1,850

      Warwick Commercial Tradesman Units Available

      Two joinable 1000 SF units with loading docks and amenities.
      140 Brownlee Boulevard, Warwick, RI 02886
      View Details
    • $550,000
      1,432 SF

      Well-Maintained Warwick Duplex For Sale

      Two-family property with extra lot, new roof, and updated systems.
      207 Glen Drive, Warwick, RI 02889
      View Details
    • $195,000
      2,411 SF

      Warwick Office Condo For Sale

      Office condominium with easy highway access and customization potential.
      469 Centerville Road, Warwick, RI 02886
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Two buildings on 0.5 acres with Inter Modal Zoning.
    Where is this conventional restaurant located?
    The property is located at 84-86 Kilvert Warwick, RI.
    What is the asking price?
    The asking price for this property is $748,900.
    What are key features of this property?
    This property features: Two buildings on a large 1/2 acre lot (two lots); Inter‑modal zoning allows for diverse business uses (food service, daycare, medical, legal, etc.); Recent extensive upgrades: **New roofs, siding, decks, interior finishes, AC units, and more**
    (508) 541-6200
    We can help!
    Listing Contact
    Anna Foncellino
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    84-86 Kilvert, Warwick, RI 02886
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!