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    55 Service Ave Warwick, RI 02886-1020
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    55 Service Ave Warwick, RI 02886-1020

    View on Map
    • Industrial properties
    • 66,310 SF
    • 7.44 lot acres
    Off-Market
    Property ID
    US76-0074479
    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
    $4,330,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A.T. Wall Company / Metal Fabrication Plant / Factory

    Property Details for 55 Service Ave

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    7.44 lot acres
    Property size
    66,310 SF
    Zone code
    GI
    Property type
    Industrial properties
    APN
    WARW M:279 B:0029 L:0000
    APU
    WARWM279B0029L0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,140,000
      6.5%
      $4,745,000
      7%
      $4,410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,344,000
      Market price range: $2.30M - $10.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.4425
    Latitude
    41.7386
    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
    $75,950
    $754,300
    $2,304,500
    $3,058,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,640,000
      50,425 SF

      171 Service Ave

      INDUSTRIAL (GENERAL) • 50,425 SF
      171 Service Ave, Warwick, RI 02886-1014
      View Details
    • Value Estimation by Request
      15,525 SF

      33 Plan Way

      Distribution properties • 15,525 SF
      33 Plan Way, Warwick, RI 02886
      View Details
    • Value Estimation
      $10,850,000
      82,960 SF

      400 Knight St

      CONDOMINIUMS (INDUSTRIAL) • 82,960 SF
      400 Knight St, Warwick, RI 02886-1250
      View Details
    • Value Estimation
      $700,000
      10,000 SF

      132 Mdw St

      INDUSTRIAL (GENERAL) • 10,000 SF
      132 Mdw St, Warwick, RI 02886-6909
      View Details
    • Value Estimation
      $11,525,000
      167,067 SF

      100 Warwick Industrial Dr

      INDUSTRIAL (GENERAL) • 167,067 SF
      100 Warwick Industrial Dr, Warwick, RI 02886-2417
      View Details
    • Value Estimation
      $2,195,000
      14,841 SF

      100 Commerce Dr

      INDUSTRIAL (GENERAL) • 14,841 SF
      100 Commerce Dr, Warwick, RI 02886-2430
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,296 SF

      Versatile 60,296 SF Property

      60,296 SF property on 9.35 acres suitable for various uses.
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      Warwick Industrial Property For Sale

      31,000+ sq ft industrial building in Warwick, RI.
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      70,000 SF

      Warwick Flex Space Available

      70,000 SF flex space available for lease in Warwick.
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    • $288,000
      1,703 SF

      Historic Village Retail/Workshop Space

      Retail or workshop space in historic Apponaug Village.
      3135 Post Rd, Warwick, RI 02886
      View Details
    • $1,500,000
      3.75 Acres

      Established Nursery, Landscaping Business

      Full-service nursery, landscaping, and snow removal business for sale.
      60 Knight St, Warwick, RI 02886
      View Details
    • $100,000
      Pending

      Residential Lot in Warwick, RI

      Charming grass-covered lot in desirable Warwick neighborhood.
      Larkin Ave, Warwick, RI 02886
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,540 SF

      Flex Space with Showroom

      Flex/RD space featuring showroom, offices, and warehouse.
      205 Hallene Rd, Warwick, RI 02886
      View Details
    • Contact for pricing

      Warehouse/Office Building with Shipping Dock

      Well-maintained warehouse/office building with OH door and truck-level shipping.
      24 Greco Ln, Warwick, RI 02886
      View Details
    • Contact for pricing
      1,272 SF

      Warwick Warehouse Space For Rent

      Up to 8,600± SF of storage space available for rent.
      1850 Post Rd, Warwick, RI 02886
      View Details
    • Contact for pricing
      10,450 SF

      Warwick Industrial Building For Lease

      10,450± SF industrial building featuring three distinct sections.
      31 Wilclar St, Warwick, RI 02886
      View Details
    • $16 SF/Yr

      Warwick Warehouse/Office Space Available

      Well-maintained flex space with loading dock for lease.
      24 Greco Ln, Warwick, RI 02886
      View Details
    • Contact for pricing
      4,000 SF

      Warwick Office/Flex Space Available

      4,000 SF office/flex space for sublease in Warwick.
      144 Metro Center Blvd, Warwick, RI 02886
      View Details
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    55 Service Ave
    Warwick, RI 02886-1020
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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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