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623 Post Rd, Warwick, RI 02888
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Property summary
AI-generated overview
The property is a mixed-use building in Warwick, Rhode Island, consisting of a professional office component paired with two separate one-bedroom apartments. The layout allows for an owner-occupant arrangement or operation as a combined office and residential rental configuration, with the residential units providing independent living space within the same structure. The site includes 16 off-street parking spaces for use by employees, clients, and residents. The building is situated on Post Road at a signalized intersection, which provides access from a high-traffic roadway and prominent frontage. The location is positioned near major transportation routes including I-95 and T.F. Green International Airport, with retail and dining options available in the surrounding area.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
FRAME
Total area
3,528 SF
Lot
0.23 ac (10,019 SF)
Zoning code
A7
APN
WARW M:289 B:0098 L:0000
UPID
US76-0220932
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
-
Law Firm
-
Advertising Agency Marketing & Advertising
-
Law Firm
-
Landscaping General Contractor
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$425k
Owner & transaction history
Zoning & alternative use
A7 · Warwick, RI
Top alternative use upside
Office building
$775,000
+8.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 12 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$425k
Value range
$383k – $468k
±10% around blend
Estimated value / SF
$120 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$383k
blend $425k
$468k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,528 SF
Lot area
0.23 ac
Year built
1930
Stories
1
APN
WARW M:289 B:0098 L:0000
Zoning
A7
Assessed value
$411,000
Annual tax
$9,314
3
Income approach: direct capitalization
Partial preview
Income approach indication
$670k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$725k
@ 6.5% CAP return
$670k
@ 7% CAP return
$625k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,314
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$582k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.5 mi away · 3,034 SF
1.6 mi away · 3,222 SF
1.8 mi away · 3,106 SF
1.9 mi away · 2,548 SF
1.9 mi away · 2,561 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$425k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 85 sales
$202
-40%
Submarket 319 sales
$246
-51%
County 452 sales
$218
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $120/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+9%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.84%
Selected cap rate for this other investment properties
Derived from the Warwick market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.84%
9.0%
NOI (est.)
$51k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$749k
Move the market yield to see immediate price impact.
Value / SF
$212
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.34%6.84%7.34%
$46k
$728k
$674k
$629k
$51k
$809k
$749k
$698k
$56k
$889k
$824k
$768k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$500k
1.0 mi · Sep 2025 · $172/SF
Property tax & assessments
Tax year 2015Property tax & assessments
Tax year 2015
Tax billed
$9,314
Tax year 2015
Assessed value
$411,000
Assessed 2023
Previous assessed
$309,400
+32.8% YoY
Effective rate
2.27%
On assessed value
Assessed land
$86,600
Assessed improvement
$324,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Total area
3,528 SF
Lot
0.23 ac (10,019 SF)
Zoning code
A7
APN
WARW M:289 B:0098 L:0000
UPID
US76-0220932
Jurisdiction
WARWICK
Zoning & alternative use
A7 · Warwick, RIZoning A7 · permitted uses
A7 · Warwick, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
A7
Jurisdiction
Warwick, RI
Recorded code
A7
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for A7 in Warwick, RI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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