Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1278 Post Rd Warwick, RI 02888

    • Showrooms
    • 2,000 SF
    • 0.23 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    7.3%
    Showrooms
    Location Intelligence
    Property ID
    US76-0170103
    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

    • China Sea / Chinese Restaurant

    Property Details for 1278 Post Rd

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    2,000 SF
    Zone code
    GB
    Property type
    Showrooms
    APN
    WARW M:309 B:0016 L:0000
    APU
    WARWM309B0016L0000

    Description

    This exceptional commercial property at 1278 Post Road, Warwick, RI, presents a unique investment opportunity. This well-established Chinese restaurant, operating successfully since 1974, boasts a prime location in the Norwood area, offering convenient access to T.F. Green Airport, Interstate 95, and Interstate 295. The property sits on a double lot encompassing 0.38 acres, providing ample parking for 28 vehicles. The building itself offers 2,000 square feet of open, efficiently designed space on the first floor, perfect for restaurant operations, accommodating 70 diners. A substantial 2,000 square foot full basement provides extensive storage capacity. The restaurant holds a valuable liquor license, adding significant potential for revenue generation. The property benefits from recent improvements, including a new roof and paved parking lot completed in 2023, minimizing immediate maintenance needs. This turnkey operation is ideally suited for an owner-operator seeking to establish or expand their restaurant business, eliminating the need for leasing and offering immediate revenue potential. Its central Rhode Island location and proximity to major transportation arteries ensure high visibility and accessibility. The asking price is $900,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $470,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $506,000
      Market price range: $233k - $554k
      AI Estimate
      $380,000
      Market price range: $140k - $458k

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4278
    Latitude
    41.7448
    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
    2023
    $6,977
    $66,800
    $214,200
    $281,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,595,000
      69,996 SF

      55 Jefferson Park Rd

      SHOW ROOM, WAREHOUSE • 69,996 SF
      55 Jefferson Park Rd, Warwick, RI 02888-1015
      View Details
    • Value Estimation
      $695,000
      12,953 SF

      100 Bignall St

      SHOW ROOM, WAREHOUSE • 12,953 SF
      100 Bignall St, Warwick, RI 02888-1061
      View Details
    • Value Estimation by Request
      4,560 SF

      9 Post Rd

      SHOW ROOM, WAREHOUSE • 4,560 SF
      9 Post Rd, Warwick, RI 02888
      View Details
    • Value Estimation by Request
      15,000 SF

      21 Quinton St

      SHOW ROOM, WAREHOUSE • 15,000 SF
      21 Quinton St, Warwick, RI 02888-1420
      View Details
    • Value Estimation
      $325,000
      1,196 SF

      19 Walnut St

      SHOW ROOM, WAREHOUSE • 1,196 SF
      19 Walnut St, Warwick, RI 02888
      View Details
    • Value Estimation
      $1,005,000
      4,580 SF

      627 Warwick Ave

      SHOW ROOM, WAREHOUSE • 4,580 SF
      627 Warwick Ave, Warwick, RI 02888-2678
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warwick RI Multi-Use Property

      Prime Warwick location, 2 buildings, ample parking.
      627 Warwick Ave, Warwick, RI 02888
      View Details
    • $900,000

      Post Road Commercial Property

      Restaurant & Office Space, Warwick, RI
      1278 Post Rd, Warwick, RI 02888
      View Details
    • Contact for pricing
      0.38 Acres

      Retail Property in Warwick, RI

      Commercial property for sale in Warwick, Rhode Island.
      1175 Post Rd, Warwick, RI 02888
      View Details
    • Contact for pricing
      0.09 Acres

      Warwick Commercial Space on Elmwood

      Versatile commercial space on high-traffic Elmwood Avenue in Warwick.
      1708 Elmwood Ave, Warwick, RI 02888
      View Details
    • $579,900
      0.32 Acres

      Mixed-Use Property with Development Potential

      Live, work, and invest in this versatile Warwick property.
      1020 Warwick Ave, Warwick, RI 02888
      View Details
    • $599,900
      Pending

      Warwick Commercial Property For Sale

      4,600 sq ft commercial property with high visibility.
      1175 Post Rd, Warwick, RI 02888
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      28,850 SF

      Jefferson Blvd Medical Office Space

      Warwick, RI: Prime Medical Office Suites Available
      155 Jefferson Blvd, Warwick, RI 02888
      View Details
    • Contact for pricing
      25,906 SF

      Retail Space in East Greenwich

      Retail property in affluent East Greenwich, Rhode Island.
      5600 Post Rd, East Greenwich, RI 02888
      View Details
    • $16 SF/Yr
      1,500 SF

      High-Traffic Retail/Office Space Available

      1500 SF retail/office space on high-traffic Post Road.
      1255 Post Rd, Warwick, RI 02888
      View Details
    • $15 SF/Yr
      14,950 SF

      Warwick Retail Space: Post Road Gem

      Prime Warwick retail space, divisible, ample parking.
      1590 Post Rd, Warwick, RI 02888
      View Details
    • Contact for pricing
      8,829 SF

      Warwick Avenue Retail Space Available

      Retail space for lease in Warwick, Rhode Island.
      320 Warwick Ave, Warwick, RI 02888
      View Details
    • $15 SF/Yr
      2,400 SF

      Warwick Retail/Office Space Available

      Multi-tenant property with showroom, office, and retail spaces for lease.
      305 Lincoln Ave, Warwick, RI 02888
      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.
    1278 Post Rd
    Warwick, RI 02888
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.