Corner Retail Suite with Window
A-1709 Warwick Ave Warwick, RI 02888
A-1709 Warwick Ave, Warwick, RI, 02888
$225,000
For Sale
$225,000
Corner retail unit with windowed frontage, parking for 18 vehicles plus on-street options, and updated 1/2 bathroom.
Property Size960 SF
Price / SF$234.38
Days on Market52
Property Features for A-1709 Warwick Ave
General Information
- Standard status
- Active
- Size
- 960 SF
Listing agency
Keller Williams Coastal
(401) 368-1200
Listed by
Joellen Wunner
(401) 368-1200
Source
Exprealty
Added: Jun 1 Updated: Jul 22 at 8:38AM Checked: Jul 22 at 8:38AM
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 Keller Williams Coastal
Investment Insights
Based on property information with market context.
This for-sale retail unit is set up for immediate use, with windowed frontage for display and natural light. The space includes forced air/gas heat and A/C for warmer months, a 400+ amp electric panel, and an updated 1/2 bathroom. Fire code compliance is noted in the offering, and the unit is expected to be vacant and ready for a new business.
Positioned on a corner near Omaha and Warwick Ave, the storefront is described as having great signage on Warwick Ave that is lit up at night. A bus stop is located on the street for convenient access, and the property offers 18 on-site parking spots plus additional on-street parking on the side road.
Configured as a street-facing retail suite, the combination of prominent frontage, signage, and ample parking supports straightforward customer access.
Positioned on a corner near Omaha and Warwick Ave, the storefront is described as having great signage on Warwick Ave that is lit up at night. A bus stop is located on the street for convenient access, and the property offers 18 on-site parking spots plus additional on-street parking on the side road.
Configured as a street-facing retail suite, the combination of prominent frontage, signage, and ample parking supports straightforward customer access.
Key Highlights
- Corner retail unit on Omaha and Warwick Ave with windowed frontage for display and natural light
- Over 20,000 cars drive by per day on Warwick Ave, with signage lit up at night
- 18 on‑site parking spots plus additional on‑street parking on the side road
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 | $18.2k | $18.96 |
| − Vacancy | −$473 | −$0.49 |
| EGI | $17.7k | $18.47 |
| − OpEx | −$5.3k | −$5.54 |
| NOI | $12.4k | $12.93 |
960 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$177.3K
$155.1K – $206.8K
NOI $12,410 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$240.4K
$210.4K – $280.5K
NOI $16,831 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner retail unit with windowed frontage, parking for 18 vehicles plus on-street options, and updated 1/2 bathroom.
Where is this retail space located?
The property is located at A-1709 Warwick Ave Warwick, RI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Corner retail unit on Omaha and Warwick Ave with windowed frontage for display and natural light; Over 20,000 cars drive by per day on Warwick Ave, with signage lit up at night; 18 on‑site parking spots plus additional on‑street parking on the side road
