Combined Office
New
For Sale
$749,900
931 Jefferson Boulevard, Warwick, RI 02886
Commercial/Business,Commercial Sale, Warwick, RI
Property Size4,500 SF
Lot Size2.00 Acres
Price / SF$166.64
Days on Market3
Property Features for 931 Jefferson Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security
Lot features
Paved, Office Park
Standard status
Active
Lot size
2.00 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14112
HOA Fee
$1,540 Monthly
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2005
Floors in Building
1
Building materials
Masonry
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
Paul Harrison
(401) 473-7059
Added: Oct 27
Last Checked: Oct 29 at 3:06PM
MLS# 1427093
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 in a masonry building constructed in 2005. Central heating and central air conditioning serve the space.
Interstate 95 and T.F. Green International Airport are both a short drive away, with access to destinations throughout Rhode Island.
Interstate 95 and T.F. Green International Airport are both a short drive away, with access to destinations throughout Rhode Island.
Key Highlights
- Combined Office Units 2008 and 2009 total 4,500 square feet
- Class A office space in a masonry building constructed in 2005
- Central heating and central air conditioning
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
800
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
Check the figures for this property
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The combined offering provides a professional office setting with central heating and air conditioning.
Where is this office unit located?
The property is located at 931 Jefferson Boulevard 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: Combined Office Units 2008 and 2009 total 4,500 square feet; Class A office space in a masonry building constructed in 2005; Central heating and central air conditioning
