Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1020 Toll Gate Rd Warwick, RI 02886
    Back to Search
    Property profile & analytics

    1020 Toll Gate Rd, Warwick, RI 02886

    View on Map
    • Commercial real estate
    • 7.50 lot acres
    Off-Market
    Property ID
    US76-0028599
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1020 Toll Gate Rd

    Lot size
    7.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.5-acre parcel presents a unique opportunity for development in Warwick, Rhode Island. Strategically located just east of the Bald Hill Road and Toll Gate Road intersection, this property enjoys unparalleled access to major transportation arteries, including quick connections to I-95 and I-295. Its advantageous position directly abuts the Target complex, ensuring high visibility and convenient access to a significant retail hub. The land is zoned for residential use, offering developers a clear path towards creating a residential community. The estimated annual property taxes are $7,386. This substantial land area provides ample space for a variety of residential development projects. Please note that any existing structures are not included in the sale and the property is intended for subdivision. This prime location and zoning make this a highly desirable investment opportunity for developers seeking to capitalize on the growing demand for residential properties in the Warwick area. The property is identified as 1020 Toll Gate Rd, Warwick, RI 02886. The asking price for this exceptional development opportunity is $2,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.496142741369
    Latitude
    41.710850082113

    Comparable in this City

    • $799,900
      4,271 SF

      Unique Mixed-Use Property in Warwick

      Updated mixed-use property with residential and commercial spaces.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • $799,900
      2,548 SF

      Mixed-Use Property in Warwick, RI

      Updated mixed-use property with residential and commercial spaces.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Warwick Corner Lot Opportunity

      Mixed-use property with restaurant, parking, and residential units.
      1593 Centerville Rd, Warwick, RI 02886
      View Details
    • $399,900
      1,791 SF

      Warwick Mixed-Use Investment Opportunity

      Updated mixed-use property with residential and commercial income potential.
      2789 Post Rd, Warwick, RI 02886
      View Details
    • $1,350,000

      Warwick Commercial Property For Sale

      Commercial property featuring a former bar/restaurant and residential building.
      1593 Centerville Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Warwick Industrial Land Portfolio

      Portfolio of industrial land with buildings for sale in Warwick.
      1036 Toll Gate Rd, Warwick, RI 02886
      View Details

    Similar Nearby for Sale

    • $799,900
      4,271 SF

      Unique Mixed-Use Property in Warwick

      Updated mixed-use property with residential and commercial spaces.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • $799,900
      2,548 SF

      Mixed-Use Property in Warwick, RI

      Updated mixed-use property with residential and commercial spaces.
      14 W Natick Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Warwick Corner Lot Opportunity

      Mixed-use property with restaurant, parking, and residential units.
      1593 Centerville Rd, Warwick, RI 02886
      View Details
    • $399,900
      1,791 SF

      Warwick Mixed-Use Investment Opportunity

      Updated mixed-use property with residential and commercial income potential.
      2789 Post Rd, Warwick, RI 02886
      View Details
    • $1,350,000

      Warwick Commercial Property For Sale

      Commercial property featuring a former bar/restaurant and residential building.
      1593 Centerville Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Warwick Industrial Land Portfolio

      Portfolio of industrial land with buildings for sale in Warwick.
      1036 Toll Gate Rd, Warwick, RI 02886
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Quaker Lane

      High-traffic commercial land available for ground lease or build-to-suit.
      510 Quaker Ln, Warwick, RI 02886
      View Details
    • Contact for pricing

      Freestanding Medical Building Suite

      Medical building suite for rent, all inclusive.
      390 Toll Gate Rd, Warwick, RI 02886
      View Details
    • $12 SF/Yr
      4,540 SF

      Flex Space with Showroom

      Flex/RD space featuring showroom, offices, and warehouse.
      205 Hallene Rd, Warwick, RI 02886
      View Details
    • $500 /Mo

      Renewed Office Unit For Rent

      Affordable, renewed office unit with high visibility and ample parking.
      797 Bald Hill Rd, Warwick, RI 02886
      View Details
    • $1,900 /Mo
      2,704 SF

      Renovated Office Space Available

      Three floors of renovated office space near hospital and highway.
      626 Toll Gate Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      9,500 SF

      Jefferson Boulevard Executive Office Space

      Executive office space with conference room, copy room, and kitchen.
      931 Jefferson Blvd, 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.
    1020 Toll Gate Rd
    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
    1020 Toll Gate Rd, 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!