Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2350 Post Road-Airport Professional Park Warwick, RI 02886
    Back to Search
    Property profile & analytics

    2350 Post Road-Airport Professional Park, Warwick, RI 02886

    View on Map
    • Specialty properties
    • 95,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2350 Post Road-Airport Professional Park

    Property type
    Specialty properties
    Property subtype
    Airport retail

    Description

    This exceptional 95,000 square foot office park, located at 2350 Post Road in Warwick, Rhode Island, presents a unique opportunity. The Airport Professional Park consists of five Class B buildings situated in Kent County, offering a total of 95,000 square feet of office space. Currently, there is 6,400 square feet of immediately available space, perfect for a variety of business needs. The property boasts a desirable "campus-like" environment with meticulously landscaped grounds. Ample parking is provided, with a ratio of four spaces per 1,000 square feet of building area. The park features convenient onsite ownership, property management, and maintenance services, ensuring prompt responses and exceptional attention to detail. A significant benefit for tenants is the inclusion of a free-to-use conference center, ideal for meetings and presentations. This multi-tenant property is conveniently located near the airport, making it an attractive option for businesses requiring easy access to air travel. The property's location in Warwick, RI, zip code 02886, offers excellent accessibility and visibility. This is an outstanding opportunity to secure high-quality office space in a well-maintained and amenity-rich environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4422
    Latitude
    41.7178

    Comparable in this City

    • Value Estimation by Request
      137,205 SF

      1800 Post Rd

      Restaurants
      1800 Post Rd, Warwick, RI 02886
      View Details
    • Value Estimation by Request
      0.28 Acres

      Heath Ave

      CHARITABLE ORGANIZATION
      Heath Ave, Warwick, RI 02886
      View Details
    • Value Estimation by Request
      0.18 Acres

      Arnolds Nck Dr

      CHARITABLE ORGANIZATION
      Arnolds Nck Dr, Warwick, RI 02886
      View Details
    • Value Estimation by Request
      3,922 SF

      50 Greco Ln

      CHARITABLE ORGANIZATION
      50 Greco Ln, Warwick, RI 02886-1291
      View Details
    • Value Estimation by Request
      0.07 Acres

      Post Rd

      CHARITABLE ORGANIZATION
      Post Rd, Warwick, RI 02886
      View Details
    • Value Estimation by Request

      1277 Jefferson Blvd

      Individual retail properties
      1277 Jefferson Blvd, Warwick, RI 02886
      View Details

    Similar Nearby for Sale

    • $748,900
      5,200 SF

      Two Buildings on Half Acre

      Two buildings on 0.5 acres with Inter Modal Zoning.
      84-86 Kilvert St, Warwick, RI 02886
      View Details
    • Contact for pricing

      Two Buildings on Half Acre

      Two buildings on a half-acre lot with inter-modal zoning.
      84 Kilvert St, Warwick, RI 02886
      View Details
    • $748,900

      Two Buildings on Half Acre

      Two buildings on a half acre lot for sale.
      84 Kilvert St, Warwick, RI 02886
      View Details
    • Contact for pricing

      Two Buildings on Half Acre

      Two buildings on 0.5 acres with Inter Modal Zoning.
      84-86 Kilvert St, Warwick, RI 02886
      View Details
    • $765,000
      5,475 SF

      Warwick Office Condo - $765,000

      Prime Warwick office space, 5,475 sq ft.
      300 Centerville Rd, Warwick, RI 02886
      View Details
    • $975,000
      7,503 SF

      Centerville Commons Office Building

      Prime Warwick Office Condo, 7,503 SF
      875 Centerville Rd, Warwick, RI 02886
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warwick, RI Specialty Property

      Specialty property available for rent in Warwick, RI.
      510 Quaker Ln, Warwick, RI 02886
      View Details
    • Contact for pricing
      7,880 SF

      Retail Space in Target Anchored Center

      Retail space available in a Target anchored shopping center.
      1245 Bald Hill Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Cranston Center

      129,907 SF shopping center with excellent access.
      1 Lambert Lind Hwy, Warwick, RI 02886
      View Details
    • Contact for pricing

      Retail Space in Warwick Center

      Shopping center in Rhode Island's premier retail corridor.
      1000 Bald Hill Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Retail Space in Warwick Center

      Ideally located retail space in Warwick, Rhode Island.
      1350 Bald Hill Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      6,471 SF

      Retail Space on Route 2

      Prime retail endcap in busy Warwick shopping center.
      1276 Bald Hill Rd, Warwick, RI 02886
      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.
    2350 Post Road-Airport Professional Park
    Warwick, RI 02886
    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
    2350 Post Road-Airport Professional Park, Warwick, RI, 02886
    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!