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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

188 Airport Rd Rd Warwick, RI 02889

Built 1947
Property ID
Property summary
AI-generated overview

This exceptional Warwick, Rhode Island mixed-use property presents a unique investment opportunity. Situated on a 12,197 sq ft lot at the corner of Airport Road and Unity Court, this property comprises two buildings totaling 2 units. The first is a charming 1947-built, two-story residential building featuring two bedrooms, two and a half bathrooms, and a finished basement. The main level boasts a living area with fireplace, dining room, kitchen, and bathroom, while the upper level houses the bedrooms and a full bath. A lower-level living area includes a fireplace and a full bathroom with a sauna. Amenities include central air conditioning, a two-car garage, and hardwood floors throughout. Attached, but separately accessed, is a 2,560 sq ft office building, offering three distinct office units. The second floor comprises a single 1,280 sq ft unit with a conference room, private offices, and bathrooms. The ground floor is divided into two 640 sq ft units. The property's prime location and versatile configuration offer potential for continued mixed-use operation or conversion of the office space into additional residential units. Asking price is $889,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1947
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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