Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    895-899 Warren Ave East Providence, RI 02914
    Property profile & analytics

    895-899 Warren Ave, East Providence, RI 02914

    View on Map
    • Warehouses
    • 18,000 SF
    • 0.82 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 895-899 Warren Ave

    Year built
    1978
    Lot size
    0.82 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional East Providence, Rhode Island warehouse at 895-899 Warren Ave, zip code 02914, presents a rare opportunity for businesses seeking expansive space. The property boasts a total of 18,000 square feet, encompassing a main floor of approximately 10,000 square feet and an additional 8,000 square feet on a steel-frame mezzanine level on the second floor. The building, constructed in 1978, sits on a 0.823-acre lot (35,863 square feet) and is zoned C1. The warehouse features one loading dock with one dock-high door, providing convenient access for loading and unloading. Ample parking is available with 20+ spaces. The property is currently vacant and offers flexibility for a single tenant or the potential for subdivision to accommodate two or three tenants. Previous use included distribution and retail sales of shoes, indicating the suitability for various retail and industrial applications. Onsite retail storefront and office spaces are also included. This property is a unique blend of warehouse and retail space, making it an ideal location for a variety of businesses. The building is a two-story structure and does not include elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.35
    Latitude
    41.8116

    Comparable in this City

    • Value Estimation by Request

      877 Broadway Ave

      Individual retail properties
      877 Broadway Ave, East Providence, RI 02914
      View Details
    • Value Estimation by Request

      105 Vly St Vly St

      Hotels
      105 Vly St Vly St, East Providence, RI 02914
      View Details
    • Value Estimation by Request
      3.91 Acres

      100 Dexter Rd

      INDUSTRIAL (GENERAL)
      100 Dexter Rd, East Providence, RI 02914-2005
      View Details
    • Value Estimation by Request
      15.61 Acres

      1 Dexter Rd

      INDUSTRIAL (GENERAL)
      1 Dexter Rd, East Providence, RI 02914-2033
      View Details
    • Value Estimation
      $13,135,000
      148,930 SF

      3 Dexter Rd

      INDUSTRIAL (GENERAL)
      3 Dexter Rd, East Providence, RI 02914-2045
      View Details
    • Value Estimation by Request
      1.15 Acres

      15 Grosvenor Ave, Unit 19

      INDUSTRIAL (GENERAL)
      15 Grosvenor Ave, East Providence, RI 02914-4527
      View Details

    Similar Nearby for Sale

    • $995,000
      9,400 SF

      Versatile Multi-Level Commercial Building

      Multi-level commercial building with high visibility in high-traffic area.
      577 Warren Ave, East Providence, RI 02914
      View Details
    • Contact for pricing
      22,600 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren Ave, East Providence, RI 02914
      View Details
    • Contact for pricing

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren Ave, East Providence, RI 02914
      View Details
    • Contact for pricing
      6,612 SF

      East Providence Insulated Warehouse For Sale

      6,612 SF insulated warehouse, fully leased until 2029.
      66 Valley St, East Providence, RI 02914
      View Details
    • Contact for pricing
      4,020 SF

      Commercial Property on Warren Avenue

      Commercial property with high visibility and convenient access.
      230-232 Warren Ave, East Providence, RI 02914
      View Details
    • Contact for pricing

      East Providence Waterfront Commercial Land

      2.54-acre commercial land site in East Providence Waterfront District.
      105 Vly St Vly St, East Providence, RI 02914
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      535 SF

      East Providence Retail/Office Space

      First-floor unit with parking and street visibility on Warren Avenue.
      494 Warren Ave, East Providence, RI 02914
      View Details
    • $5,000 /Mo
      3,795 SF

      East Providence Retail Space Available

      First-floor retail space with drive-up window and ample parking.
      999 South Broadway, East Providence, RI 02914
      View Details
    • Contact for pricing

      Auto Shop with Highway Access

      Commercial space with auto repair equipment and highway access.
      741 N Broadway, East Providence, RI 02914
      View Details
    • $8,995 /Mo

      Auto Shop with Loyal Customer

      Commercial space with equipment and established customer base available for lease.
      741 N Broadway, East Providence, RI 02914
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center Space

      Retail spaces available in East Providence shopping center.
      1925 Pawtucket Ave, East Providence, RI 02914
      View Details
    • Contact for pricing
      2,400 SF

      Multi-Tenant Office/Flex Building For Rent

      2,400 SF office/flex space available in East Providence.
      860 A Waterman Ave, East Providence, RI 02914
      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.
    895-899 Warren Ave
    East Providence, RI 02914
    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
    895-899 Warren Ave, East Providence, RI, 02914
    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!