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55 Jefferson Blvd Warwick, RI 02888-1052

OFF-MARKET Showrooms Google Maps
4,125 SF 0.15 ac lot Built 1978
Individually Owned 18-yr Hold ~ Est. High Equity
Estimated value (blended)
$385k
Range $347k – $424k (±10%)
Property ID US76-0187596

Property summary

AI-generated overview

This exceptional 1,400 square foot office space is ideally situated at 55 Jefferson Boulevard in Warwick, Rhode Island, within Kent County. The property is a single-tenant occupancy, offering a traditional office layout perfect for a variety of businesses. Located in Warwick, RI, 02888, this property provides convenient access to local amenities and transportation networks. The building offers a traditional office design, suitable for companies seeking a functional and established workspace. The space totals 1,400 square feet, providing ample room for operations and potential expansion. The property's address is easily accessible and visible, enhancing its visibility and appeal. This single-tenant occupancy ensures privacy and control over the entire space. The property is classified as a traditional office, offering a classic and reliable workspace solution. Its location in Kent County, Rhode Island, provides access to a strong local economy and workforce. This is a fantastic opportunity for businesses seeking a well-located, functional, and readily available office space in Warwick. The property is ready for immediate occupancy, allowing for a quick and seamless transition for your business. Interested parties are encouraged to inquire further to explore this promising opportunity. The precise latitude and longitude coordinates are 41.75074551949318, -71.43511139783517.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1978
Construction FRAME
Total area 4,125 SF
Lot 0.15 ac (6,534 SF)
Zoning code LI
APN WARW M:284 B:0229 L:0000
UPID US76-0187596

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
  • Insurance Agency
  • Physician
  • Recycling Center Waste Management Facility
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
$785k
Comparable Approach Comparable
$662k
Blend (final) Blend
$385k

Owner & transaction history

since 2008
5 recorded transactions
2008
$705,000
2008
Price N/A
2006
Price N/A
2000
Price N/A
2000
$480,000

Zoning & alternative use

LI · Warwick, RI
Zoning description

A-10, A-7, O, WB, GB, LI, GI. 200.108. Nightclub. A retail establishment that stays open late at night and provides food, beverages and entertainment, but shall not include adult entertainment. 200.109. Nonconformance. A…

General category INDUSTRIAL
Top alternative use upside
Office building $905,000 +8.6%

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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