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    250 Centerville Rd Warwick, RI 02886

    For Sale
    $350,000

    Prime RI Medical Office, $350K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1-unit medical office condo presents a fantastic investment opportunity in Warwick, Rhode Island. Located at 250 Centerville Road, Unit 9E, within the well-maintained Warwick Executive Park, this property offers convenient access to Route 95, ensuring easy client accessibility. The single-story, 1985-built brick building boasts ample parking and secure entry, managed by a professional on-site company. This first-floor condo, totaling [Lot size not provided], is currently configured as medical offices with Use Code 342, offering diverse potential uses. The asking price is $350,000. The property's prime location within the Warwick Executive Park, coupled with its functional layout and convenient access to major roadways, makes it an ideal investment for medical professionals or businesses seeking a well-established and easily accessible location. The building's excellent condition and professional management further enhance its appeal. This is a rare opportunity to acquire a well-situated medical office space in a thriving Rhode Island community. Serious inquiries are encouraged.

    Property Features for 250 Centerville Rd

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $350,000 asking price.
    • 1‑unit, 1‑story medical office condo.
    • 1985 construction.
    • Located at 250 Centerville Road, Unit 9E, Warwick, RI 02886.
    • Convenient access to Route 95.
    • Well‑maintained building with ample parking and secure entry.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Millstone Engineering PC Engineering Consultant Charles Kirwan Law ... Attorney universty medicine Medical Center Stephen Petteruti Family Practice Physician Swagelok Cambridge Manufacturer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4709641
    Latitude
    41.6960819

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    FAQs

    What type of property is this?
    Medical office - Prime RI Medical Office, $350K
    Where is this medical office located?
    The property is located at 250 Centerville Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 1-unit, 1-story medical office condo.; 1985 construction.
    Request Owner's contact information
    250 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
    250 Centerville Rd Warwick, RI 02886
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