Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    360 Market St Warren, RI 02885
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    360 Market St Warren, RI 02885

    View on Map
    • Schools
    • 63,657 SF
    For Sale
    $4,900,000
    View Listing →
    17 Acre School Campus For Sale
    $4,900,000
    63,657 SF

    17 Acre School Campus

    17-acre school campus with redevelopment potential in Warren, RI.

    360 Market Street, Warren, RI 2885
    View Listing
    Property ID
    US76-0162580
    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

    • Stone Coast Community Church | Church in Warren, RI / Church
    • Highlander Charter School Of Warren / High School

    Property Details for 360 Market St

    Year built
    1980
    Property size
    63,657 SF
    Property type
    Schools
    Property subtype
    Commercial real estate

    Description

    360 Market Street is currently a 17 acre Middle/High School campus supported by 63,657 gross SF of classroom, group meeting rooms, chapel, library and gymnasium space spread over four buildings. The property is also supported by a gymnasium, athletic fields and basketball and volleyball courts. Main Building (1980) totals 63,657 gross SF and includes office space, dining hall, meeting rooms, the chapel and athletic accommodations. This property offers a variety of potential redevelopment options. Location Description 360 Market Street is conveniently located on Route 136 and 3/4 of a mile to the MA line, 1 2/3 miles to Route 6 and 2 miles to I-195 at Exit 5 (Route 136 Warren/Newport, RI). The site is made up of two lots (Plat 23, Lots 68 and 69).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.2750742
    Latitude
    41.7463192

    Comparable in this City

    • $149,000

      Established Pizzeria in High-Traffic Area

      Family-owned pizzeria with online client base and diverse menu.
      254 Market St, Warren, RI 02885
      View Details
    • $350,000

      Commercial Building Near Belcher Cove

      Expansive commercial building with redevelopment potential near downtown and Belcher Cove.
      13 Kelly St, Warren, RI 02885
      View Details
    • $1,499,000
      0.84 Acres

      Warren RI Investment Opportunity

      Multi-property purchase opportunity in the heart of Warren, Rhode Island.
      367 Child St, Warren, RI 02885
      View Details
    • $1,750,000
      12,014 SF

      Metacom Avenue Commercial Property

      Commercial property with 14 units, high traffic, and visibility.
      628 Metacom Ave, Warren, RI 02885
      View Details
    • Contact for pricing
      0.05 Acres

      Downtown Warren Office Space Available

      Professional office space in downtown Warren, steps from amenities.
      10 Child St, Warren, RI 02885
      View Details
    • Contact for pricing
      400 SF

      Downtown Warren Office Space

      Office space in the heart of downtown Warren, Rhode Island.
      16 Miller St, Warren, RI 02885
      View Details

    Similar Nearby for Sale

    • $149,000

      Established Pizzeria in High-Traffic Area

      Family-owned pizzeria with online client base and diverse menu.
      254 Market St, Warren, RI 02885
      View Details
    • $350,000

      Commercial Building Near Belcher Cove

      Expansive commercial building with redevelopment potential near downtown and Belcher Cove.
      13 Kelly St, Warren, RI 02885
      View Details
    • $1,499,000
      0.84 Acres

      Warren RI Investment Opportunity

      Multi-property purchase opportunity in the heart of Warren, Rhode Island.
      367 Child St, Warren, RI 02885
      View Details
    • $1,750,000
      12,014 SF

      Metacom Avenue Commercial Property

      Commercial property with 14 units, high traffic, and visibility.
      628 Metacom Ave, Warren, RI 02885
      View Details
    • Contact for pricing
      0.05 Acres

      Downtown Warren Office Space Available

      Professional office space in downtown Warren, steps from amenities.
      10 Child St, Warren, RI 02885
      View Details
    • Contact for pricing
      400 SF

      Downtown Warren Office Space

      Office space in the heart of downtown Warren, Rhode Island.
      16 Miller St, Warren, RI 02885
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      381 SF

      Downtown Warren Office Space Available

      Office space in downtown Warren with utilities included.
      16 Miller St, Warren, RI 02885
      View Details
    • $2.00 SF/Yr

      Downtown Warren Professional Office Space

      Professional office space in downtown Warren near amenities and parking.
      10 Child St, Warren, RI 02885
      View Details
    • $2,200 /Mo

      Office Rental with Secure Storage

      Office space for rent with included utilities and secure storage.
      51 Cole St, Warren, RI 02885
      View Details
    • Contact for pricing
      3,000 SF

      Warren Medical Office Space Available

      Medical office space for lease in a convenient East Bay location.
      851 Main St, Warren, RI 02885
      View Details
    • Contact for pricing
      1,000 SF

      Warren RI Retail/Office Space

      Retail/office space in historic Warren, RI, prime downtown location.
      32 Cole St, Warren, RI 02885
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease.
      601 Metacom Ave, Warren, RI 02885
      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.
    360 Market St
    Warren, RI 02885
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!