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Property profile & analytics
OFF-MARKET Estimated value $350,000
Investment properties

1013 Main St West Warwick, RI 02893-3661

2,212 SF 0.04 ac lot Built 1900
Entity Owned 1-yr Hold
Property ID
US76-0277882
Property summary
AI-generated overview

This exceptional mixed-use property at 1013 Main Street, West Warwick, RI 02893, presents a lucrative investment opportunity. The 2,212 square foot building, constructed in 1900, sits on a 1,742 square foot corner lot, offering high visibility and excellent street presence. The property features two units: an upper unit currently leased for $1,450 per month, with a reliable tenant consistently paying on time, and a ground-floor commercial space, presently operating as a restaurant. All restaurant equipment is described as state-of-the-art. The building is in great condition and represents a strong, established income stream. The location in West Warwick, within Kent County, is ideal for a variety of businesses, benefiting from high traffic and visibility. This turnkey operation offers immediate income potential and significant upside for a savvy investor. The asking price is $389,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. Don't miss out on this chance to own a piece of West Warwick's vibrant commercial landscape. The property is also listed as multi-family under MLS#1372304.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 2,212 SF
Lot 0.04 ac (1,690 SF)
Zoning code B
APN WWAR 003-0001-0-000
UPID US76-0277882
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
  • Alex Pizza Restaurant
  • Rufino's Pizzeria II Restaurant
  • Ronzio Pizza & Subs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k
Owner & transaction history
Sbm42 Ak LLC · 1 yrs held
Sbm42 Ak LLC
since 2025
Last sale
$371,000
6 recorded transactions
2025
$371,000
2022
$315,000
2007
Price N/A
2007
$190,000
2002
Price N/A
1998
Price N/A
Zoning & alternative use
B · West Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(b) Signs which advertise an activity, business, product or service no longer produced or conducted on the premises upon which the sign is located. No such sign shall remain in place or on vacated premises for more than one year from the date the vacancy commenced. (c) Signs which are attached to natural features, stone walls, utility poles, utility boxes, t…

Zone name Business
General category CIVIC_INSTITUTIONAL
Zone area 355.71 ac
Source code of ordinances
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