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    875 Centerville Rd Warwick, RI 02886

    For Sale
    $975,000

    Prime Warwick Office Condo, 7,503 SF

    Property size:
    7,503 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a free-standing, multi-tenant office building condominium at 875 Centerville Road in Warwick, Rhode Island. The property, part of the Centerville Commons complex, encompasses 7,503 square feet and is comprised of three units within a Class B building constructed in 1988. The building is one of four within the larger complex. Two upper-level units, totaling 4,928 square feet, are currently occupied by a single tenant under a lease expiring December 31, 2023, providing immediate rental income. The ground floor unit, a newly renovated 2,575 square feet space, is available for owner occupancy, presenting a unique blend of investment and potential for personal use. This property offers convenient access to Route 95 and the amenities along Route 2 (Bald Hill Road) in Kent County, making it an attractive location for both businesses and employees. The asking price for this exceptional Warwick office building is $975,000. This is a rare chance to acquire a well-located office building with existing income and the potential for significant future growth. The property's strategic location and the combination of rental income and owner-occupancy potential make it a compelling investment opportunity.

    Property Features for 875 Centerville Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,503 SF
    Class
    B

    Building Details

    Year Built
    1988
    Buildings
    4
    Units
    3

    HighLights

    • Owner‑occupancy opportunity with existing tenant income.
    • Free‑standing office building condominium, 7,503 sq ft.
    • Excellent access to Route 95 and Route 2 (Bald Hill Road).
    • Newly renovated 2,575 sq ft ground floor unit available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Centerville Health Services Health Consultant Brave River - Website ... Website Designer Brave River - Software ... Software Company Botox Medical Clinic FedEx Drop Box Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4916664
    Latitude
    41.6980004

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Warwick Office Condo, 7,503 SF
    Where is this office property / space located?
    The property is located at 875 Centerville Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Owner-occupancy opportunity with existing tenant income.; Free-standing office building condominium, 7,503 sq ft.; Excellent access to Route 95 and Route 2 (Bald Hill Road).
    Request Owner's contact information
    875 Centerville Rd Warwick, RI 02886
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    Warwick, RI 02886
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    Realmo Value Estimation

    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.

    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.

    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
    875 Centerville Rd Warwick, RI 02886
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