Freestanding Retail Building with 7
99-101 W Natick Rd Warwick Warwick, RI 02886
99-101 W Natick Rd Warwick, Warwick, RI, 02886
$1,600,000
For Sale
$1,600,000
Freestanding retail building offering seven separate retail units within a single 4,584 SF structure.
Property Size4,584 SF
Lot Size0.40 Acres
Price / SF$349.04
Days on Market48
Property Features for 99-101 W Natick Rd Warwick
General Information
- Standard status
- Active
- Size
- 4,584 SF
- Lot size
- 0.40 Acres
Building Details
- Year Built
- 1980
Listing agency
HomeSmart Professionals Real Estate
(508) 643-8166
Listed by
Amanda Lucido Hodges · License #REC.0016995
(508) 643-8166
Source
Bournetosellrealestate
Added: Jun 4 Updated: Jul 21 at 2:36PM Checked: Jul 21 at 2:36PM
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 HomeSmart Professionals Real Estate
Investment Insights
Based on property information with market context.
This freestanding retail building totals 4,584 SF and is configured with seven separate retail units, set on a 17,424 SF (.4-acre) lot. The property is offered for sale and includes owner financing as noted in the remarks.
The building is located on W Natick Rd in Warwick, Rhode Island, and is described as well-located with strong accessibility.
For investors or operators seeking multi-tenant retail income, the current unit mix provides diversification within one freestanding structure.
The building is located on W Natick Rd in Warwick, Rhode Island, and is described as well-located with strong accessibility.
For investors or operators seeking multi-tenant retail income, the current unit mix provides diversification within one freestanding structure.
Key Highlights
- 4,584 SF freestanding retail building built in 1980
- Seven retail units within one building, offering multi‑tenant income
- 17,424 SF (.4‑acre) lot included with the freestanding structure
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.9k | $18.96 |
| − Vacancy | −$2.3k | −$0.49 |
| EGI | $84.7k | $18.47 |
| − OpEx | −$25.4k | −$5.54 |
| NOI | $59.3k | $12.93 |
4,584 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$846.5K
$740.7K – $987.6K
NOI $59,257 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,367 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Freestanding retail building offering seven separate retail units within a single 4,584 SF structure.
Where is this strip mall located?
The property is located at 99-101 W Natick Rd Warwick Warwick, RI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,584 SF freestanding retail building built in 1980; Seven retail units within one building, offering multi‑tenant income; 17,424 SF (.4‑acre) lot included with the freestanding structure
