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Property profile & analytics

627 Warwick Ave Warwick, RI 02888

  • Showrooms
  • 4,580 SF
  • 0.77 lot acres
For Sale
Last Sale
Sep 26, 2024
$1,000,000
Value Estimations
Cap Rate Potential
5.7%
Showrooms
Location Intelligence
Property ID
US76-0060798
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.

Current Use by Public Records

  • Skate For Joy / Ice Skating Instructor / Ice Skating Rink
  • C & L Builders Inc / Construction Company

Property Details for 627 Warwick Ave

Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.77 lot acres
Property size
4,580 SF
Zone code
GB
Property type
Showrooms
APN
WARW M:293 B:0015 L:0000
APU
WARWM293B0015L0000

Description

This exceptional Warwick, Rhode Island property offers a unique investment opportunity encompassing 33,541 square feet of land and two buildings totaling approximately 9,260 square feet. Built in 1981, the property features a main office building and a separate storage building, providing versatile space for a variety of uses. The office building, spanning 4,580 square feet, is divided into upper and lower levels. The upper level (2,564 sq ft) includes a common area with reception, kitchen, and guest bathroom, along with five individual office units; three smaller units and two larger units with private bathrooms. The lower level (2,016 sq ft) offers two large office units, each with its own private bathroom, and a shared guest bathroom. The separate storage building (4,680 sq ft) is comprised of three individual garage units, perfect for storage needs. The property's ample parking and versatile space make it ideal for a range of businesses, from professional offices (legal, medical, accounting) to workshops, clubs, organizations, or retail/supply storage. The asking price for this multi-use property is $10,000. Located at 627 Warwick Avenue, Warwick, RI 02888, this property presents a compelling opportunity in a desirable Kent County location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,000,000
    ML approach
    $1,000,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,080,000
    6.5%
    $995,000
    7%
    $925,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,217,000
    Market price range: $534k - $1.27M
    AI Estimate
    $915,000
    Market price range: $320k - $1.05M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $925,000
    Current use
    OFFICE BUILDING
    $1,005,000
    Change: +9% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Warwick
County
Kent
State
Rhode Island
Longitude
-71.4053
Latitude
41.7587
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
2024
$17,104
$133,100
$542,400
$675,500
-
$0.00
$0.00
$0.00
More about this property
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