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    99 Natick Rd Warwick, RI 02886

    Sponsored
    For Sale
    $1,650,000

    High-traffic location, strong NOI

    Property size:
    7,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity in Warwick, RI, presents a prime 0.39-acre site (16,988 sq ft) encompassing four abutting lots. Currently operating at 100% occupancy with a strong NOI of $86,434 and a 5.24% cap rate, the property offers immediate income potential. The existing 7-unit, two-story, 7,400 sq ft building is zoned GB and situated at a signaled intersection, sharing an entrance with the Warwick Mall and located adjacent to Cumberland Farms. This high-visibility location benefits from exceptional access and significant traffic generated by the nearby 1,000,000 sq ft Warwick Mall, featuring major national retailers like Macy's, Nordstrom Rack, and Target. The property's strategic location at the convergence of major thoroughfares, including Interstate 295 & 95, Route 2 (Bald Hill Road), and Route 5, ensures unparalleled exposure. The asking price is $1,650,000. This presents a unique chance to capitalize on a thriving retail market or redevelop into a long-term asset. The property's current configuration includes commercial, QSR/fast food, and storefront uses.

    Property Features for 99 Natick Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,400 SF
    Lot Size
    16,988 SF

    Building Details

    Stories
    2
    Units
    7

    HighLights

    • $1,650,000 asking price for a redevelopment opportunity.
    • 7,400 square feet on a 0.39‑acre lot in Warwick, RI.
    • 5.24% cap rate with a $86,434 NOI and 100% occupancy.
    • Seven units in a two‑story building with GB zoning.
    • Prime retail location across from Warwick Mall, at a signaled intersection with high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.477854223738
    Latitude
    41.727536271598

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, strong NOI
    Where is this individual retail property located?
    The property is located at 99 Natick Rd Warwick, RI.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for a redevelopment opportunity.; 7,400 square feet on a 0.39-acre lot in Warwick, RI.; 5.24% cap rate with a $86,434 NOI and 100% occupancy.
    Request Owner's contact information
    99 Natick Rd 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
    99 Natick Rd Warwick, RI 02886
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