793 Shore Rd Warwick, RI 02889
- Investment properties
- 853 SF
- 0.11 lot acres
Current Use by Public Records
- Investment properties
Property Details for 793 Shore Rd
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.11 lot acres
- Property size
- 853 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WARW M:332 B:0738 L:0000
- APU
- WARWM332B0738L0000
Description
This exceptional commercial investment opportunity encompasses three buildings situated on two parcels totaling 0.32 acres in desirable downtown Warwick, Rhode Island. The main property, 793 West Shore Road, is a fully renovated mixed-use building currently operating as a two-bedroom, one-bathroom single-family residence, generating a monthly rental income of $1500. This building boasts a complete remodel, including new sheetrock and flooring, updated plumbing, HVAC, electrical systems, a newer heating system, and central air conditioning. The first floor comprises a living room, eat-in kitchen, one bedroom, and laundry area. Upstairs, a spacious open loft with cathedral ceilings and a walk-in closet serves as a second bedroom
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $435,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $460,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $445,000
- Retail
- $395,000
- Mixed-Use
- $535,000
- Hospitality
- $445,000
- Educational
- $435,000
- Residential Income
- $405,000
- Energy
- $430,000
- Income-Based Land
- $425,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.3818
- Latitude
- 41.7232
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA