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    475 Kilvert St Warwick, RI 02886
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    Property profile & analytics

    475 Kilvert St, Warwick, RI 02886

    View on Map
    • Showrooms
    • 157,486 SF
    • 13.09 lot acres
    For Lease
    $17,535,000
    View Listing →
    Warwick Office Space For Rent For Lease
    $17,535,000
    20,000 SF

    Warwick Office Space For Rent

    Office space available in Warwick, Rhode Island, up to 20,000 SF.

    475 Kilvert St, Warwick, RI 2886
    View Listing
    Property ID
    US76-0205035
    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
    $17,535,000
    Cap Rate Potential
    5.7%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Danielle Dionne, Bankers Life Agent / Insurance Agency
    • Mark Toolin, Bankers Life Agent / Insurance Agency
    • Renee Pariseau, Bankers Life Agent / Insurance Agency
    • Peter Battaini, Bankers Life Agent / Insurance Agency
    • Melanie Oliveira, Bankers Life Agent / Insurance Agency

    Property Details for 475 Kilvert St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    13.09 lot acres
    Zone code
    A7
    Property type
    Showrooms
    APN
    WARW M:278 B:0130 L:0000
    APU
    WARWM278B0130L0000

    Description

    This exceptional Class A office building at 475 Kilvert Street in Warwick, Rhode Island, offers a unique opportunity for businesses seeking prestigious executive office space. The property boasts a total of 150,000 square feet across four stories, housed within a single building situated on a spacious lot ranging from 12 to 25 acres. Currently, there are three suites available, with a total of 20,000 square feet of vacant space ready for immediate occupancy. The minimum divisible space is 2,884 square feet, while the maximum contiguous space available is 20,000 square feet, providing flexibility for businesses of various sizes. The building offers ample parking, with a ratio of 5 spaces per 1,000 square feet. The property's location in Warwick, RI, zip code 02886, provides convenient access to major transportation routes and amenities. This is an ideal location for businesses seeking a high-quality, well-maintained office environment in a desirable Rhode Island location. The asking rate is $25 per square foot, net electric. This presents a rare opportunity to secure premium office space in a highly sought-after area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $18,199,000
      Market price range: $10.1M - $32.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4529
    Latitude
    41.7306
    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
    $445,259
    $3,541,400
    $14,390,900
    $17,932,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1441 Bald Hl Rd

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      47,180 SF

      1 Coastway Blvd

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      View Details
    • Value Estimation
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      42,277 SF

      375 Ee Ave

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      View Details
    • Value Estimation
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      14,509 SF

      1 Masthead Dr

      SHOW ROOM, WAREHOUSE
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      View Details

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      Retail building suitable for food service, daycare, or medical use.
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      Two buildings on 0.5 acres with Inter Modal Zoning.
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    Warwick, RI 02886
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    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
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