Property summary
This 14,500 sq ft medical office building in Warren, RI, is currently 100% occupied by Heart & Paw Animal Hospital under a single-tenant lease with approximately 7.1 years remaining. The lease features built-in rental increases of 40% every six years (contingent on revenue benchmarks) and 2% annually during the two five-year option periods, providing significant inflation protection. The property boasts a below-market rent, presenting substantial upside potential for future income growth. … Located near historic downtown Warren, the building benefits from high foot traffic and convenient access to Route 195, a major thoroughfare with over 150,000 daily vehicle trips. The property sits on a 0.74-acre lot and was built in 1960. The strong tenant, Heart & Paw, is part of Vetcor, a large national veterinary operator, ensuring financial stability and resilience to economic downturns. The property's location serves a dense, affluent population of approximately 177,319 residents within a five-mile radius, with an average income exceeding $147,355. The asking price is $1,600,000, representing a 7.50% cap rate and a price per square foot of $110.34. The current Net Operating Income (NOI) is $120,000. This presents a compelling investment opportunity with significant long-term growth potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
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Zoning insight
Location intelligence
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Location
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Comparables
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
This district is to establish and maintain a zoning district of mixed commercial uses characterized by architectural and site design standards consistent with providing a aesthetically unobtrusive gateway to the Town
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight