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    Property profile & analytics

    941 Shr Rd Warwick, RI 02889-2740

    • Investment properties
    • 4,440 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US76-0133225
    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

    • Ollie's Pub / Sports Bar

    Property Details for 941 Shr Rd

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    4,440 SF
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WARW M:332 B:0501 L:0000
    APU
    WARWM332B0501L0000

    Description

    This exceptional mixed-use property at 941 West Shore Road, Warwick, Rhode Island, 02889, presents a lucrative investment opportunity. The 4,356 square foot lot houses a three-story, 1915-built building encompassing a fully operational and leased bar and two updated apartment units, currently rented month-to-month, generating strong rental income. The bar boasts a spacious layout and complete equipment. Each apartment unit has undergone recent renovations. This prime location in Warwick offers high visibility and accessibility, situated near various shopping, dining, and local amenities, ensuring a steady stream of customers for the bar and tenants for the apartments. The property's strong rental income potential, combined with the established bar business, makes this a compelling investment in a desirable Rhode Island location. The building consists of one structure with three stories. The asking price for this exceptional property is $850,000. This is a rare chance to acquire a thriving business and rental property in a high-traffic area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $290,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $260,000
      Mixed-Use
      $285,000
      Hospitality
      $275,000
      Educational
      $285,000
      Residential Income
      $255,000
      Energy
      $270,000
      Income-Based Land
      $290,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Warwick
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.3781
    Latitude
    41.7202
    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
    $0.00
    $73,900
    $284,600
    $358,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      1,174 SF

      25 Palmer Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,174 SF
      25 Palmer Ave, Warwick, RI 02889-5407
      View Details
    • Value Estimation
      $345,000
      2,673 SF

      935 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,673 SF
      935 Shr Rd, Warwick, RI 02889-2758
      View Details
    • Value Estimation
      $295,000
      1,264 SF

      2172 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,264 SF
      2172 Shr Rd, Warwick, RI 02889-8437
      View Details
    • Value Estimation
      $275,000
      704 SF

      602 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 704 SF
      602 Shr Rd, Warwick, RI 02889-1349
      View Details
    • Value Estimation
      $425,000
      3,744 SF

      2500 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,744 SF
      2500 Shr Rd, Warwick, RI 02889-8146
      View Details
    • Value Estimation
      $360,000
      1,008 SF

      854 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      854 Shr Rd, Warwick, RI 02889-2715
      View Details

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    Similar Nearby for Lease

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      14,000 SF

      Retail Space in Prime Location

      Highly visible retail space in a desirable Warwick location.
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      View Details
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    • $0.03 SF/Yr
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      Warwick Office Building - Prime Location

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      West Shore Road Retail Center

      High-traffic retail space available now
      2574 Shore Rd, Warwick, RI 02889
      View Details
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    Warwick, RI 02889-2740
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    Realmo Value Estimation

    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.

    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.

    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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