Technical
Financial
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Property profile

3 Bridal Ave West Warwick, RI 02893

OFF-MARKET
Industrial properties
Property ID
US76-0217716
12.15 ac lot
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1861 property in West Warwick, Rhode Island, presents a unique investment opportunity. Located at 3 Bridal Avenue, 02893, this special purpose building sits on a substantial 528,000 square foot lot. The property comprises one building featuring three distinct rental spaces, each boasting its own character and charm. The Boiler Room, approximately 1700 square feet, offers exposed brick, 32-foot ceilings, arched glass doors, and breathtaking waterfall and river views. The Tool Room, at roughly 2500 square feet, features chic stone walls, a glass garage door, and stunning river views. Lastly, the Waterfall Room, approximately 1650 square feet, is a truly unique space with exposed beams, stone accents, and captivating views. All three spaces include central air conditioning and gas heating. Each rental space is offered at a net/net/net lease rate: The Boiler Room and Tool Room are listed at $2,500 per month, while the Waterfall Room is listed at $2,200 per month. This property offers a rare blend of history, character, and modern amenities, making it an ideal investment for a discerning buyer. The property's prime location in Kent County, Rhode Island, adds to its appeal.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 12.15 ac (529,254 SF)
Zoning code CI
APN WWAR 015-0051-0-000
UPID US76-0217716

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
  • Gym & Fitness Center
  • Gym & Fitness Center Sports School
  • Sports School
  • Car Rental Facility
  • Discount Store

Location

3 Bridal Ave West Warwick, RI 02893-2943
West Warwick metro Census 20200 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A

Zoning & alternative use

CI · West Warwick, RI
Zoning description

ce AA. Residence 8 (R-8) formerly residence A. Residence 7.5 (R-7.5) formerly residence B. Residence 6 (R-6) formerly residence C. 4.1.2 Nonresidential districts. Business (B) formerly business D. Commercial industrial (…

General category INDUSTRIAL

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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