Two-Building Retail
For Sale
Contact for pricing
980 Post Rd, Warwick, RI 02888
Two retail buildings with two overhead doors on a signalized, high-traffic corner, zoned for General Business.
Property Size2,720 SF
Lot Size0.62 Acres
Price / SF$165.44
Days on Market301
Property Features for 980 Post Rd
General Information
Standard status
Active
Size
2,720 SF
Lot size
0.62 Acres
Property subtype
RETAIL
Zoning
General Business
Additional Details
Highway Access
Yes
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 523-5101
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Oct 15, 2025
Changed: Aug 8
Last Checked: Aug 10 at 9:15AM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This offering includes two separate retail buildings on 0.62+ acres of land: Building 1 with 1,120± SF and Building 2 with 1,600± SF. The property is served by two overhead doors and is positioned at a signalized intersection.
The site is described as having a high traffic count and frontage along a bus line, with convenient access noted to RT-37, I-95, I-295, and T.F. Green Airport. The property is zoned General Business.
Estimated taxes are $6,517.
The site is described as having a high traffic count and frontage along a bus line, with convenient access noted to RT-37, I-95, I-295, and T.F. Green Airport. The property is zoned General Business.
Estimated taxes are $6,517.
Key Highlights
- Two retail buildings totaling 2,720± SF (Building 1: 1,120± SF; Building 2: 1,600± SF)
- 0.62± acres with two overhead doors
- Located at a signalized, high‑traffic corner at a bus line
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,161
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,220
$703.2K
Cap Rate 7%
$502,300
$502.3K
Cap Rate 9%
$390,678
$390.7K
Market Conditions
NOI Build-Up for 2,720 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.6K $18.96/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$50.2K $18.47/SF
− OpEx
−$15.1K −$5.54/SF
NOI
$35.2K $12.93/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,220
Cap Rate 7%
$502,300
Cap Rate 9%
$390,678
Alternative Uses
Best Use
Retail
$502.3K
$439.5K – $586.0K
NOI $35,161 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$681.2K
$596.1K – $794.8K
NOI $47,687 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
95k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 31%
Hotels & Casinos 28%
Home Improvements & Furnishings 3%
Wendy's
Dining
18,711 visits/mo
0.3 miles
Sunoco
Shops & Services
15,542 visits/mo
0.2 miles
Shell
Shops & Services
11,482 visits/mo
0.2 miles
Hampton Inn & Suites Providence/Warwick-Airport
Hotels & Casinos
6,403 visits/mo
0.1 miles
Fairfield Inn & Suites by Marriott Providence Airport Warwick
Hotels & Casinos
6,291 visits/mo
0.3 miles
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two retail buildings with two overhead doors on a signalized, high-traffic corner, zoned for General Business.
Where is this retail space located?
The property is located at 980 Post Rd Warwick, RI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two retail buildings totaling 2,720± SF (Building 1: 1,120± SF; Building 2: 1,600± SF); 0.62± acres with two overhead doors; Located at a signalized, high‑traffic corner at a bus line
