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    22 Frontage Rd Westerly, RI 02891

    • Industrial properties
    • 14,400 SF
    • 4.89 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US76-0291496
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 22 Frontage Rd

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    4.89 lot acres
    Property size
    14,400 SF
    Property type
    Industrial properties
    APN
    WEST M:49 B:36 L:A
    APU
    WESTM49B36LA

    Description

    This exceptional commercial warehouse property, located at 22 Frontage Road in Westerly, Rhode Island, presents a unique investment opportunity. The property boasts a substantial 143,748 square foot lot, entirely enclosed by a perimeter fence, ensuring security and privacy. The main building, constructed in 2019, offers 14,780 square feet of well-maintained warehouse space. All utilities are conveniently connected to the property, minimizing setup costs for the new owner. The building's design is described as a "Butler type" structure, suggesting a high-quality, efficient build. This single-unit property is ideal for a variety of commercial uses, requiring an inspection to fully appreciate its features and potential. The asking price for this turnkey operation is $3,500,000. Located in Washington County, Rhode Island, with a zip code of 02891, this property offers easy access to major transportation routes and is situated in the thriving town of Westerly. The property's size and features make it an attractive option for businesses seeking a modern, secure, and well-equipped warehouse space. Serious inquiries are encouraged to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $725,000
      6.5%
      $615,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $580,000
      Geo Method
      $610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $695,000
      Retail
      $725,000
      Mixed-Use
      $615,000
      Hospitality
      $610,000
      Educational
      $665,000
      Residential Income
      $590,000
      Energy
      $650,000
      Income-Based Land
      $600,000
      Food Service
      $725,000

    Location Insight

    • Map
    • Local Demand
    City
    Westerly
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.804
    Latitude
    41.3889
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,339
    $177,200
    $672,800
    $850,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      56 Wells St

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    • Value Estimation
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      43,011 SF

      23 Industrial Dr

      INDUSTRIAL (GENERAL) • 43,011 SF
      23 Industrial Dr, Westerly, RI 02891-1583
      View Details
    • Value Estimation
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      5,760 SF

      70 Old Hopkinton Rd

      INDUSTRIAL (GENERAL) • 5,760 SF
      70 Old Hopkinton Rd, Westerly, RI 02891
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    • Value Estimation
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      96,165 SF

      84 White Rock Rd

      INDUSTRIAL (GENERAL) • 96,165 SF
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      View Details
    • Value Estimation
      $460,000
      13,000 SF

      62 Airport Rd

      INDUSTRIAL (GENERAL) • 13,000 SF
      62 Airport Rd, Westerly, RI 02891-3402
      View Details
    • Value Estimation
      $555,000
      22,298 SF

      46 Airport Rd

      INDUSTRIAL (GENERAL) • 22,298 SF
      46 Airport Rd, Westerly, RI 02891-3402
      View Details

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    22 Frontage Rd
    Westerly, RI 02891
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    Realmo Value Estimation

    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.

    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.

    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
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