303 Jefferson Blvd Warwick, RI 02888-3845
Property profile & analytics
303 Jefferson Blvd Warwick, RI 02888-3845
- Showrooms
- 9,933 SF
- 0.45 lot acres
Property ID
US76-0140411
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.
Location Intelligence
Current Use by Public Records
- Grande Eric T / Law Firm
- Law Offices of Anthony J. DiBiase, Jr. / Law Firm
- Law Offices of Timothy J. Robenhymer / Law Firm
- Michael S. Pezzullo / Law Firm
- Reall Kevin B / Law Firm
Property Details for 303 Jefferson Blvd
- Year built
- 1976
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.45 lot acres
- Property size
- 9,933 SF
- Zone code
- LI
- Property type
- Showrooms
- APN
- WARW M:282 B:0045 L:0000
- APU
- WARWM282B0045L0000
Description
This exceptional investment opportunity presents a three-story, 108,989 square foot Class A office building situated at 303 Jefferson Blvd, Warwick, RI, 02888. The property boasts a 9.66% cap rate and a strong net operating income (NOI) of $140,101, with a 100% occupancy rate across eleven tenants under corporate guarantees and a modified lease structure. Built in 1976, this stabilized, value-added investment features 9,933 net rentable square feet, distributed across three units, with a price per square foot of $13.30 and a total asking price of $1,450,000. The property sits on a 19,602 square foot lot and includes 40 parking spaces. The building is zoned L1 and benefits from three percent annual rent bumps. Current tenants, primarily law offices, are long-term and show interest in continued tenancy, offering a stable income stream and potential for future growth. Financial projections are available to qualified buyers. The property offers a compelling opportunity for immediate income and potential for value enhancement through strategic leasing and minor improvements. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable Warwick location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,045,000
- 6.5%
- $1,890,000
- 7%
- $1,755,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,073,000
- AI Estimate
- $1,558,000
Market price range: $1.16M - $2.75MMarket price range: $694k - $2.28M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,010,000 Current use
- OFFICE BUILDING
- $2,180,000 Change: +9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4396
- Latitude
- 41.7393
- 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
$28,569
$133,600
$1,017,000
$1,150,600
-
$0.00
$0.00
$0.00
