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Property profile & analytics
FOR LEASE
Showrooms

155 Jefferson Blvd Warwick, RI 02888

20,606 SF 1.58 ac lot Built 1985
Individually Owned 27-yr Hold ~ Est. High Equity
Property ID
US76-0073675
Property summary
AI-generated overview

155 Jefferson Boulevard in Warwick, Rhode Island presents a unique opportunity for medical professionals and businesses seeking versatile office space. This multi-tenant property, totaling 28,850 rentable square feet, sits on a 1.58-acre lot in Kent County, offering ample on-site parking. Built in 1985, the building boasts highly visible signage along a busy commercial thoroughfare, ensuring excellent exposure. Currently, there are three available suites, ranging from a minimum of 2,400 square feet to a maximum contiguous space of 4,300 square feet, totaling 9,100 square feet of vacant space. The property is comprised of eight individual suites, previously occupied by a mix of medical offices, showrooms, and sales/service businesses. Each suite benefits from separate utility metering. This location provides easy access to major roadways and offers a strong presence within a thriving commercial area. The property's flexible layout and ample space make it ideal for a variety of medical practices or businesses requiring substantial office space. The building's existing infrastructure and prominent location offer immediate occupancy potential. This is an exceptional opportunity to establish or expand your business in a high-traffic area with excellent visibility.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,606 SF
Lot 1.58 ac (68,825 SF)
Zoning code LI
APN WARW M:283 B:0176 L:0000
UPID US76-0073675
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
  • Minuteman Press Marketing & Advertising Advertising Agency
  • ATG Rehabilitation Medical Clinic
  • Express Employment Professionals Employment Agency
  • Tracie Delsesto, PT Physician
  • Core Health & Wellness,LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.92M
Comparable Approach Comparable
$3.89M
Blend (final) Blend
$3.58M
Owner & transaction history
Jefferson Presidential · 27 yrs held
Jefferson Presidential
since 1999
2 recorded transactions
1999
$1.2M
1969
Price N/A
Zoning & alternative use
LI · Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.5M +8.6%
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More about this property
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