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Financial
Distress signals
Property profile

16 Freeborne St Warwick, RI 02889

FOR LEASE
Showrooms
Property ID
US76-0215688
1,260 SF 0.09 ac lot Built 1986
Last sale Dec 2017 · $85,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of a two-unit retail space located within a strip center. Each suite is designed to support flexible commercial use, including retail, food service, or office operations, and the units are configured as separate spaces within the center. The strip center is positioned for retail activity and includes on-site parking totaling more than 30 spaces, with 10 spaces assigned to the two units. The surrounding tenant mix includes national and regional retailers and service businesses such as Subway, Rite Aid, Burger King, TD Bank, and Dunkin' Donuts.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$187k
Assessed land$60k
Assessed improvement$127k
Effective rate2.48%

Value estimate

· Oct 2026
$360k
$324k – $396k
AI approach$360k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$621
Operating expenses−$7k
NOI · 1,206.52% cap applied$16k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$212/SF
ZIP average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$134 – $350
Qualifying comparables19

Cap rate analysis

How does the asset earn?
1,206.52%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GB
A-10, A-7, O, WB, GB, LI, GI. 200.108. Nightclub. A retail establishment that stays open late at night and provides food, beverages and e...
General categoryCOMMERCIAL
JurisdictionWARWICK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.8
Law Firm30.1
Dental Office26.5

Location

16 Freeborne St Warwick, RI 02889
County assessor Recorded deeds · 1 transfer 19 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1707 Warwick, Warwick, RI 02889-1530 $200,000 Feb 2026 727 SF
13 Palmer, Warwick, RI 02889-5407 $145,000 Dec 2025 1,324 SF
164 Airport, Warwick, RI 02889-1042 $330,000 Dec 2025 2,080 SF
230 Airport, Warwick, RI 02889-1039 $300,000 Jun 2025 1,456 SF
2260 Shr, Warwick, RI 02889-8457 $150,000 Apr 2024 934 SF
1703 Warwick, Warwick, RI 02889-1530 $110,000 Oct 2023 751 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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