Professional Office
New
For Sale
Contact for pricing
931 Jefferson Boulevard #2009, Warwick, RI 02886
The space is in a professionally managed building with access to Interstate 95 and T.F. Green International Airport.
Property Size1,500 SF
Price / SF$0.02
Days on Market7
Property Features for 931 Jefferson Boulevard #2009
General Information
Standard status
Active
Size
1,500 SF
Class
Class A
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
2005
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
Paul Harrison · License #RES.0042365
(401) 473-7059
Source:
Lockandkeyre
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 5:13AM
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
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Investment Insights
Based on property information with market context.
This 1,500-square-foot Class A office unit is located in a building constructed in 2005. The building is professionally managed, and the space is described as clean and well maintained.
At 931 Jefferson Boulevard in Warwick, the property is minutes from Interstate 95 and T.F. Green International Airport.
At 931 Jefferson Boulevard in Warwick, the property is minutes from Interstate 95 and T.F. Green International Airport.
Key Highlights
- Approximately 1,500 square feet of Class A office space
- Professionally managed building
- Constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,420
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,400
$368.4K
Cap Rate 7%
$263,143
$263.1K
Cap Rate 9%
$204,667
$204.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.0K $20.64/SF
− Vacancy
−$6.4K −$4.27/SF
EGI
$24.6K $16.37/SF
− OpEx
−$6.1K −$4.09/SF
NOI
$18.4K $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%
$368,400
Cap Rate 7%
$263,143
Cap Rate 9%
$204,667
Alternative Uses
Best Use
Office B
$263.1K
$230.3K – $307.0K
NOI $18,420 @ 7.0% cap · market cap 80,086.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$375.7K
$328.7K – $438.3K
NOI $26,298 @ 7.0% cap · market cap 114,339.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The space is in a professionally managed building with access to Interstate 95 and T.F. Green International Airport.
Where is this office unit located?
The property is located at 931 Jefferson Boulevard #2009 Warwick, RI.
What are key features of this property?
This property features: Approximately 1,500 square feet of Class A office space; Professionally managed building; Constructed in 2005
