Two-Unit Office
New
For Sale
$749,900
931 Jefferson #2008-2009, Warwick, RI 02886
A professional office setting with convenient access to I-95 and T.F. Green International Airport.
Property Size4,500 SF
Price / SF$166.64
Days on Market6
Property Features for 931 Jefferson #2008-2009
General Information
Standard status
Active
Size
4,500 SF
Class
Class A
Property subtype
Commercial
Additional Details
Asking Price
$749,900
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$14,112
Amenities
Central air
Central Air Cooling
Central Heating
Building Details
Year Built
2005
Listing Agency:
RE/MAX PROPERTIES
(401) 232-3900
Listed By:
PAUL HARRISON · License #RES.0042365
(401) 473-7059
Source:
Corcoran
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 3:09PM
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 RE/MAX PROPERTIES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office units 2008 and 2009 are offered together, comprising 4,500 square feet of Class A office space. The building was constructed in 2005.
The property is in Warwick, with access to Interstate 95 and T.F. Green International Airport minutes away.
The property is in Warwick, with access to Interstate 95 and T.F. Green International Airport minutes away.
Key Highlights
- Units 2008 and 2009 are combined, totaling 4,500 square feet
- Class A office space
- Building constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,261
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,220
$1.1M
Cap Rate 7%
$789,443
$789.4K
Cap Rate 9%
$614,011
$614.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$92.9K $20.64/SF
− Vacancy
−$19.2K −$4.27/SF
EGI
$73.7K $16.37/SF
− OpEx
−$18.4K −$4.09/SF
NOI
$55.3K $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%
$1,105,220
Cap Rate 7%
$789,443
Cap Rate 9%
$614,011
Alternative Uses
Best Use
Office B
$789.4K
$690.8K – $921.0K
NOI $55,261 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$986.2K – $1.31M
NOI $78,894 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 02886, RI
29,373
Population
13,669
Households
2.1
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
15.8 sq mi
ZIP Area
1,859
Density / Sq Mi
$91,037
Median Household Income
$52,851
Median Earnings
$1,300
Median Rent
$334,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A professional office setting with convenient access to I-95 and T.F. Green International Airport.
Where is this office unit located?
The property is located at 931 Jefferson #2008-2009 Warwick, RI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Units 2008 and 2009 are combined, totaling 4,500 square feet; Class A office space; Building constructed in 2005
