Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2329 Post Rd Warwick, RI 02886
    Property profile & analytics

    2329 Post Rd, Warwick, RI 02886

    View on Map
    • Showrooms
    • 9,942 SF
    • 0.54 lot acres
    For Sale
    $800,000
    View Listing →
    Retail Buildings and Land Available For Sale
    $800,000
    9,940 SF

    Retail Buildings and Land Available

    9,940 SF buildings and 0.18 acres of land.

    2329 Post Rd, Warwick, RI
    View Listing
    Property ID
    US76-0207985
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Airport Parking at Boston / Freight Service / Logistics Company
    • BADMOUTHBIKES / Auto Parts Store / Motorcycle Shop

    Property Details for 2329 Post Rd

    Year built
    1956
    Construction
    STEEL FRAME
    Lot size
    0.54 lot acres
    Zone code
    GB
    Property type
    Showrooms
    APN
    WARW M:344 B:0075 L:0000
    APU
    WARWM344B0075L0000

    Description

    This exceptional retail property, located at 2329 Post Road in Warwick, Rhode Island, offers a substantial 9,000-9,942 square feet of space on a 0.54-acre lot. Its strategic location directly across from T.F. Green Airport ensures high visibility and significant daily traffic volume, benefiting from excellent access to major roadways. The building currently features a retail showroom, office space, and a three-bay garage, providing versatile options for a variety of businesses. The property boasts a 15-foot ceiling height and 10 dock-high doors, enhancing functionality and operational efficiency. This multi-tenant building is available under a gross lease agreement, making it an attractive investment opportunity for businesses seeking a prominent location with strong traffic counts and excellent visibility. The property's zoning allows for convenience store, quick-service restaurant (QSR), and storefront uses. This location offers a unique blend of high traffic volume, convenient highway access, and proximity to a major airport, making it an ideal choice for businesses seeking a high-impact presence in a thriving market. The property is situated in Kent County, Rhode Island, with a zip code of 02886.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $638,000
      Market price range: $638k - $2.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4437
    Latitude
    41.7189
    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
    $15,097
    $176,600
    $431,400
    $608,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,310,000
      50,061 SF

      660 Commonwealth Ave

      SHOW ROOM, WAREHOUSE
      660 Commonwealth Ave, Warwick, RI 02886-2707
      View Details
    • Value Estimation
      $1,605,000
      7,600 SF

      710 Greenwich Ave

      SHOW ROOM, WAREHOUSE
      710 Greenwich Ave, Warwick, RI 02886
      View Details
    • Value Estimation
      $2,550,000
      14,509 SF

      1 Masthead Dr

      SHOW ROOM, WAREHOUSE
      1 Masthead Dr, Warwick, RI 02886-9201
      View Details
    • Value Estimation
      $4,325,000
      24,000 SF

      1441 Bald Hl Rd

      SHOW ROOM, WAREHOUSE
      1441 Bald Hl Rd, Warwick, RI 02886-4240
      View Details
    • Value Estimation
      $8,225,000
      47,180 SF

      1 Coastway Blvd

      SHOW ROOM, WAREHOUSE
      1 Coastway Blvd, Warwick, RI 02886-0004
      View Details
    • Value Estimation
      $7,060,000
      42,277 SF

      375 Ee Ave

      SHOW ROOM, WAREHOUSE
      375 Ee Ave, Warwick, RI 02886-1806
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,000 SF

      Freestanding Building on Route 2

      12,000 SF building on 0.90 acres in Warwick, RI.
      1775 Bald Hill Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      1,703 SF

      Retail Space in Apponaug Village

      Retail property in historic Apponaug Village with owner financing.
      3135 Post Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Retail Building with Recent Upgrades

      Retail building suitable for food service, daycare, or medical use.
      86 Kilvert St, Warwick, RI 02886
      View Details
    • $748,900
      5,200 SF

      Two Buildings on Half Acre

      Two buildings on 0.5 acres with Inter Modal Zoning.
      84-86 Kilvert St, Warwick, RI 02886
      View Details
    • $1,250,000
      6,900 SF

      Warwick Flex Space in City Centre

      Two-unit flex space near transit, retail, and residential developments.
      103 Glenham Ave, Warwick, RI 02886
      View Details
    • Contact for pricing

      Automotive Service Station Opportunity

      High-visibility Warwick service station with value-add potential.
      3000 W Shore Rd, Warwick, RI 02886
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,540 SF

      Flex Space with Showroom

      Flex/RD space featuring showroom, offices, and warehouse.
      205 Hallene Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      1,800 SF

      Retail Pad Sites For Lease

      Outparcels available for lease with high traffic counts.
      510 Quaker Ln, West Warwick, RI 02886
      View Details
    • Contact for pricing
      2,775 SF

      Retail Space on Bald Hill

      2,777 SF retail space in Warwick, Rhode Island.
      1200 Bald Hill Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      7,500 SF

      Warwick Retail Space Available

      7,500 SF retail space for lease in Warwick, RI.
      200-202 Bald Hill Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      7,880 SF

      Retail Space in Target Anchored Center

      Retail space available in a Target anchored shopping center.
      1245 Bald Hill Rd, Warwick, RI 02886
      View Details
    View Listing
    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.
    2329 Post Rd
    Warwick, RI 02886
    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

    Thank You for Inquiry
    2329 Post Rd, Warwick, RI, 02886
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!