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Property profile & analytics
OFF-MARKET Estimated value $325,000
Office Spaces

875 Centerville Rd 4A Warwick, RI 02886-4366

908 SF Built 1987
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US76-0147114
Property summary
AI-generated overview

This exceptional investment opportunity presents a free-standing, multi-tenant office building condominium at 875 Centerville Road in Warwick, Rhode Island. The property, part of the Centerville Commons complex, encompasses 7,503 square feet and is comprised of three units within a Class B building constructed in 1988. The building is one of four within the larger complex. Two upper-level units, totaling 4,928 square feet, are currently occupied by a single tenant under a lease expiring December 31, 2023, providing immediate rental income. The ground floor unit, a newly renovated 2,575 square feet space, is available for owner occupancy, presenting a unique blend of investment and potential for personal use. This property offers convenient access to Route 95 and the amenities along Route 2 (Bald Hill Road) in Kent County, making it an attractive location for both businesses and employees. The asking price for this exceptional Warwick office building is $975,000. This is a rare chance to acquire a well-located office building with existing income and the potential for significant future growth. The property's strategic location and the combination of rental income and owner-occupancy potential make it a compelling investment opportunity.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1987
Total area 908 SF
Zoning code O
APN WARW M:248 B:0007 L:0002
UPID US76-0147114
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Centerville Health Services Physician
  • Brave River - Website Design and Development Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Brave River - Software Development Services (Bike/Boat/Book/etc) Store Corporate Office
  • Botox Medical Clinic
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k
Owner & transaction history
Prm LLC · 17 yrs held
Prm LLC
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
O · Warwick, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Office district (O). Properties mapped in accordance with subsection 303 of this ordinance and used primarily for professional and personal service offices, and low intensity businesses, which generally serve as a transition between residential and other nonresidential districts. The preservation of residential structures or the construction of new offices t…

Zone name Office District
General category COMMERCIAL
Zone area 571.78 ac
Source code of ordinances
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