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Property profile & analytics
OFF-MARKET Estimated value $380,000
Investment properties

1189 Main St West Warwick, RI 02893-4830

0.16 ac lot
Entity Owned 7-yr Hold
Property ID
US76-0415160
Property summary
AI-generated overview

This exceptional 1-unit office space, located at 1189 Main Street in West Warwick, Rhode Island, presents a fantastic opportunity for businesses seeking a convenient and affordable location. Built in 1910, this traditional office space also functions well as a storefront or executive office, offering a versatile layout ideal for a variety of uses. The property boasts a generous 6,970 square foot lot and features a private entrance, adding to its appeal and exclusivity. Recently updated with fresh paint, the space is move-in ready and offers a comfortable and professional environment. Its prime location on Main Street ensures high visibility and accessibility, making it an excellent choice for businesses seeking maximum exposure. The building itself is a single structure, providing a sense of privacy and control. A significant advantage is the inclusion of heat in the asking price of $650, representing a considerable cost saving for tenants. This property is perfect for entrepreneurs, small businesses, or individuals needing a dedicated workspace outside of their home. The property's versatility and attractive features make it a highly desirable option in a bustling commercial area. Don't miss this chance to secure a well-priced and conveniently located office space in West Warwick.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.16 ac (6,970 SF)
Zoning code B
APN WWAR 005-0022-0-000
UPID US76-0415160
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
  • 401 Reptiles (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k
Owner & transaction history
Gam Realty LLC · 7 yrs held
Gam Realty LLC
since 2019
3 recorded transactions
2019
$450,000
2005
Price N/A
2003
$350,000
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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