Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    133 Winthrop Ave West Warwick, RI 02893
    Back to Search
    Property profile & analytics

    133 Winthrop Ave, West Warwick, RI 02893

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 133 Winthrop Ave

    Year built
    1900
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 21,000-square-foot industrial warehouse, located at 133 Winthrop Ave, West Warwick, RI 02893, presents a unique opportunity. Situated in Kent County's Providence submarket, near Rt 117, this single-tenant property boasts a bright and clean interior, featuring 20-foot ceilings and abundant natural light from a sawtooth roof. Completely renovated in 2022, the building includes approximately 1,000 square feet of office space and a private bathroom. Two existing loading docks are available, with the potential to add a third. A shared loading platform and ample parking are also provided. A significant bonus is the inclusion of a 40,000-square-foot basement with its own loading dock and both interior and exterior access. The property is zoned for industrial/warehouse use and is ready for immediate occupancy. The annual lease rate is $1.10 per square foot. Built in 1900, this one-story building offers a blend of historic charm and modern functionality.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5267
    Latitude
    41.699

    Comparable in this City

    • Value Estimation by Request
      100,000 SF

      Lacroix Dr

      Distribution properties
      0 Lacroix Dr, West Warwick, RI 02893
      View Details
    • Value Estimation by Request

      770 Main St Main St

      Distribution properties
      770 Main St Main St, West Warwick, RI 02893
      View Details
    • Value Estimation
      $520,000
      9,696 SF

      73 Manchester St

      INDUSTRIAL (GENERAL)
      73 Manchester St, West Warwick, RI 02893
      View Details
    • Value Estimation by Request
      5,000 SF

      70 Aster St

      INDUSTRIAL (GENERAL)
      70 Aster St, West Warwick, RI 02893-1106
      View Details
    • Value Estimation
      $4,595,000
      62,646 SF

      111 Energy Way

      INDUSTRIAL (GENERAL)
      111 Energy Way, West Warwick, RI 02893-7501
      View Details
    • Value Estimation by Request
      1,596 SF

      75 Tiogue Ave

      INDUSTRIAL (GENERAL)
      75 Tiogue Ave, West Warwick, RI 02893-6051
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      4,378 SF

      Versatile Commercial Space on Corner Lot

      4,400 SF commercial space with high visibility and flexible layout.
      5 Church St, West Warwick, RI 02893
      View Details
    • Contact for pricing
      7,000 SF

      West Warwick Commercial Property

      Multi-unit commercial property with flexible spaces for various business uses.
      770 Main St, West Warwick, RI 02893
      View Details
    • Contact for pricing
      34,105 SF

      West Warwick Industrial Building For Sale

      34,105 SF industrial building with cold storage and office space.
      104 Hay St, West Warwick, RI 02893
      View Details
    • $849,900

      West Warwick Commercial Building For Sale

      8,800 SF commercial building suitable for cannabis cultivation/processing.
      75 Roberts St, West Warwick, RI 02893
      View Details
    • Contact for pricing

      Industrial Building with Overhead Doors

      2,100 SF industrial building on 12,850 SF land.
      377 Washington St, West Warwick, RI 02893
      View Details
    • $475,000
      2,100 SF

      West Warwick Industrial Building For Sale

      2,100 SF industrial building with upgrades and highway access.
      377 Washington St, West Warwick, RI 02893
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Warwick Commercial Property For Lease

      Multi-unit commercial property with flexible spaces for various business types.
      770 Main St, West Warwick, RI 02893
      View Details
    • Contact for pricing

      West Warwick Industrial/Warehouse Unit

      36,000 SF industrial/warehouse unit with loading docks.
      129 Brookside Ave, West Warwick, RI 02893
      View Details
    • Contact for pricing

      West Warwick Versatile Commercial Space

      Ground-floor commercial space perfect for office, assembly, and storage.
      21 Brayton St, West Warwick, RI 02893
      View Details
    • $5 SF/Yr
      112,000 SF

      West Warwick Industrial/Warehouse Unit

      36,000 SF industrial/warehouse unit with loading access.
      129 Brookside Ave, West Warwick, RI 02893
      View Details
    • Contact for pricing

      West Warwick Warehouse/Distribution/Auto Space

      6,150 SF space for warehouse, distribution, or auto use.
      86 Pulaski St, West Warwick, RI 02893
      View Details
    • Contact for pricing
      1,600 SF

      Versatile Space in West Warwick

      Adaptable 1,600 SF space suitable for retail, foodservice, or warehouse.
      27 Pike St, West Warwick, RI 02893
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    133 Winthrop Ave
    West Warwick, RI 02893
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    133 Winthrop Ave, West Warwick, RI, 02893
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!