Corner Office Suite in
For Sale
Contact for pricing
300 Centerville Rd, Warwick, RI 02888
4,006 SF Class A office suite for sale.
Property Size4,006 SF
Price / SF$148.53
Days on Market994
Property Features for 300 Centerville Rd
General Information
Standard status
Active
Size
4,006 SF
Class
A
Property subtype
Office
Building Details
Buildings
3
Listing Agency:
MG Commercial
Listed By:
Leeds Mitchell · License #REB 0019529
Source:
Crexi
Added: Jan 23, 2024
Changed: Oct 1
Last Checked: Oct 12 at 9:07PM
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 MG Commercial
Investment Insights
Based on property information with market context.
The Summit Office Park features a 4,006 square foot corner office suite within a 3-building, 150,000 square foot Class "A" office park. The suite is configured with perimeter windowed offices, file storage, and a kitchenette. The Summit Office Park is located at 300 Centerville Road (Route 117) in Warwick, situated just off of Route 95 at Exit 10. The location provides convenient access to TF Green Airport, Amtrak, and Route 2, as well as numerous area amenities.
Key Highlights
- Class "A" office space in a 3‑building office park
- Convenient location off Route 95 at Exit 10
- Easy access to TF Green Airport and Amtrak
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,195
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,900
$983.9K
Cap Rate 7%
$702,786
$702.8K
Cap Rate 9%
$546,611
$546.6K
Market Conditions
NOI Build-Up for 4,006 SF
Gross rent
$82.7K $20.64/SF
− Vacancy
−$17.1K −$4.27/SF
EGI
$65.6K $16.37/SF
− OpEx
−$16.4K −$4.09/SF
NOI
$49.2K $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%
$983,900
Cap Rate 7%
$702,786
Cap Rate 9%
$546,611
Alternative Uses
Best Use
Office B
$702.8K
$614.9K – $819.9K
NOI $49,195 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$877.9K – $1.17M
NOI $70,233 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,011
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 4,006 SF Class A office suite for sale.
Where is this office units located?
The property is located at 300 Centerville Rd Warwick, RI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Class "A" office space in a 3‑building office park; Convenient location off Route 95 at Exit 10; Easy access to TF Green Airport and Amtrak
