Property profile

399 Kilvert St Warwick, RI 02886

OFF-MARKET
Industrial properties
Property ID
US76-0116527
25,382 SF 3.07 ac lot Built 1964
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 25,382-square-foot industrial property situated on a sprawling 10.34-acre lot in Warwick, Rhode Island. The property, zoned GI (General Industrial), boasts three buildings, constructed in 1964 and extensively renovated in 2010, offering a blend of modern amenities and established infrastructure. The main structure features approximately 20,000 square feet of warehouse/manufacturing space, complemented by 5,000 square feet of office space. Two grade-level overhead dock high doors facilitate efficient loading and unloading. The building benefits from a generous 20-foot ceiling height. All essential utilities are readily available, including heavy electric service, natural gas, municipal water, and sewer. The property's prime location provides convenient access to T.F. Green Airport, rail lines, and major highways, maximizing logistical advantages. Currently vacant, the property offers immediate occupancy starting August 2, 2024. The asking price is $2,100,000, translating to $82.74 per square foot. This owner-user opportunity presents a compelling combination of size, location, and functionality, ideal for a variety of industrial and commercial uses. The property includes the majority of Three Ponds Brook Pond, although the usable land area is approximately 6 acres. This Class C building presents a strong value proposition for discerning investors seeking a substantial footprint in a strategic Rhode Island location.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 25,382 SF
Lot 3.07 ac (133,729 SF)
Zoning code GI
APN WARW M:278 B:0002 L:0000
UPID US76-0116527

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
  • Metal Fabrication Plant Factory

Location

399 Kilvert St Warwick, RI 02886-1344
Warwick metro Census 21100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k

Owner & transaction history

since 2025
Last sale
$1.5M
4 recorded transactions
2025
$1.5M
2010
Price N/A
2005
$355,500
2005
Price N/A

Zoning & alternative use

GI · Warwick, RI
Zoning description

General industrial district (GI). Properties mapped in accordance with subsection 303 of this ordinance and used for general industrial and manufacturing operations and enterprises, including assembly of durable goods, b…

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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