Property profile

164 Airport Rd Warwick, RI 02886

FOR SALE
Showrooms
Property ID
US76-0072692
2,080 SF 0.23 ac lot Built 1974
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 10,000 square foot commercial land parcel, located at 164 Airport Road in Warwick, Rhode Island, presents a unique investment opportunity. The property, which includes a single building constructed in 1974, is currently zoned for commercial use, having been transitioned from residential A-7 zoning in 1993. This versatile zoning history offers significant flexibility for potential buyers. The property could be utilized for continued commercial office use or, with the acquisition of the necessary building permits, could be redeveloped for residential purposes. The asking price for this strategically located property is $425,000. Situated in Kent County, Rhode Island, with a zip code of 02886, this 10,000 square foot lot provides ample space for a variety of development projects. Its convenient location and zoning flexibility make it an attractive prospect for investors seeking a property with diverse potential uses. The existing building offers the possibility of renovation or repurposing, adding further value to this already compelling investment. Detailed zoning information and building permits requirements are readily available through the appropriate municipal channels. This property is ready for its next chapter, offering a blend of established infrastructure and exciting future possibilities.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1974
Construction FRAME
Total area 2,080 SF
Lot 0.23 ac (10,019 SF)
Zoning code A7
APN WARW M:320 B:0021 L:0000
UPID US76-0072692

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Management Consultant

Location

164 Airport Rd Warwick, RI 02886
Warwick metro Census 21401 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2025
Last sale
$330,000
3 recorded transactions
2025
$330,000
2013
Price N/A
2013
$151,000

Zoning & alternative use

A7 · Warwick, RI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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