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    Property profile & analytics

    2 Andrews Ave West Warwick, RI 02893-5912

    • Investment properties
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US76-0161946
    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

    • Pare Service Center Inc / Auto Repair Shop

    Property Details for 2 Andrews Ave

    Lot size
    0.36 lot acres
    Zone code
    R-7.
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WWAR 007-0328-0-000
    APU
    WWAR00703280000

    Description

    This exceptional West Warwick, RI investment opportunity encompasses a 15,900 square foot lot featuring two buildings. The main structure is a well-established auto body shop, boasting a reception area, office space, two bathrooms, and a four-plus bay garage complete with two mechanical lifts. This building has a proven track record of success. A separate single-family home, currently rented, provides additional income potential. This property presents a unique blend of commercial and residential uses, ideal for an investor seeking diverse revenue streams. Built in 1940, the property offers two units in total. The commercial zoning allows for a variety of potential uses, as detailed in the provided zoning use attachment. The asking price is $649,900. This is a rare chance to acquire a versatile property with established income and significant upside potential in a desirable Rhode Island location. The property's address is 2 Andrews Avenue, West Warwick, RI 02893. The lot size is 15,900 square feet. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $385,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $445,000
      Mixed-Use
      $470,000
      Hospitality
      $380,000
      Educational
      $470,000
      Residential Income
      $420,000
      Energy
      $470,000
      Income-Based Land
      $470,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    West Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5322
    Latitude
    41.6964
    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
    $0.00
    $81,000
    $282,600
    $363,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,015 SF

      228 Providence St

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      228 Providence St, West Warwick, RI 02893-2508
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    • Value Estimation by Request
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      23 Weaver St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,522 SF
      23 Weaver St, West Warwick, RI 02893-4743
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    • Value Estimation
      $395,000
      2,338 SF

      215 Legris Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,338 SF
      215 Legris Ave, West Warwick, RI 02893-2937
      View Details
    • Value Estimation by Request
      1,768 SF

      1650 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,768 SF
      1650 Main St, West Warwick, RI 02893-5304
      View Details
    • Value Estimation by Request
      2,735 SF

      42 Providence St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,735 SF
      42 Providence St, West Warwick, RI 02893-3763
      View Details
    • Value Estimation by Request
      2,656 SF

      45 Providence St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,656 SF
      45 Providence St, West Warwick, RI 02893-3714
      View Details

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    2 Andrews Ave
    West Warwick, RI 02893-5912
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    Realmo Value Estimation

    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.

    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.

    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
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