202 -200 Bald Hl Rd UnitWarwick, RI 02886

Property Details for 202 -200 Bald Hl Rd Unit

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.81 AC

Property size (Sq ft)

57,366 SF

Zone code

GB

Property type

Showrooms

APN

WARW M:273 B:0478 L:0000

APU

WARWM273B0478L0000

Description

This exceptional 24,970-square-foot flex space in Warwick, Rhode Island presents a unique investment opportunity. Located at 202-200 Bald Hill Road, this single-tenant property boasts a prime location with high visibility and built-in customer traffic. The building, constructed in 1987 and renovated in 2014, features a two-story structure with 12-15 foot ceilings and ample parking (60 spaces). The property sits on a 3.17-acre lot with a frontage of 190 x 153 feet. The zoning is B, allowing for a variety of uses, including retail, office, industrial, and restaurant. The property's versatile layout includes two potential storefront spaces on the east and west wings, a 2,457 square foot Unit A, and an 1,113 square foot Unit B, both available as NNN leases. Additionally, there's approximately 5,000 square feet of space on the second level, including an ADA-compliant restroom, accessible via elevator and featuring windows. An additional 8,000 square feet of office space is also available. Recently added is a 2,400-square-foot retail space, previously occupied by a "2nd to the Sun" location. The property has 400 amps of power. This property is ideal for businesses seeking high visibility and ample space in a thriving Warwick location. Floor plans are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $10,851,800

  6.5%

  $10,017,100

  7%

  $9,301,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,795,260

  Geo Method

  $7,795,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,534,200

  Mixed-Use / Specialty

  $9,981,350

  Hospitality / Lodging

  $7,323,000

  Office

  $9,922,050

  Institutional / Educational

  $10,376,600

  Residential Income

  $12,140,600

  Multifamily

  $14,560,800

  Automotive / Energy

  $8,894,210

  Parking / Income-Based Land

  $3,069,280

  Restaurant / Food Service

  $5,191,380

  Healthcare / Senior Housing

  $10,235,700

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.731

Longitude

-71.4793

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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