875 Centerville Rd 4A Warwick, RI 02886-4366
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.
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Office district (O). Properties mapped in accordance with subsection 303 of this ordinance and used primarily for professional and personal service offices, and low intensity businesses, which generally serve as a transition between residential and other nonresidential districts. The preservation of residential structures or the construction of new offices t…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
O · Warwick, RIOffice district (O). Properties mapped in accordance with subsection 303 of this ordinance and used primarily for professional and personal service offices, and low intensity businesses, which generally serve as a transition between residential and other nonresidential districts. The preservation of residential structures or the construction of new offices that are residential in character is encouraged to the extent possible and where appropriate. 301.7.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.