151 Centerville RdWarwick, RI 02886

Property Details for 151 Centerville Rd

Year built

1983

Construction

FRAME

Lot size

0.50 AC

Property size (Sq ft)

5,168 SF

Zone code

O

Property type

Showrooms

APN

WARW M:246 B:0254 L:0000

APU

WARWM246B0254L0000

Description

This exceptional 5,440-square-foot executive office building, located at 151 Centerville Road in Warwick, Rhode Island, presents a compelling investment opportunity. Constructed in 1983, this Class B property sits on a 0.664-acre lot and offers a versatile layout spread across two levels, ideal for a variety of business configurations. The building's modern and well-maintained interior provides a professional and efficient workspace. A significant advantage is the ample on-site parking available for employees and clients, ensuring convenience and accessibility. The property enjoys high visibility from Centerville Road, enhancing its appeal and accessibility. Its strategic location in Warwick, Kent County, provides easy access to major highways, facilitating seamless commutes for staff and clients alike. The asking price for this turnkey office building is $649,000. This property represents a rare opportunity to acquire a well-maintained, conveniently located executive office building in a thriving Rhode Island market. The 02886 zip code offers a strong business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $977,620

  6.5%

  $902,419

  7%

  $837,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $702,261

  Geo Method

  $702,261

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,759,800

  Mixed-Use / Specialty

  $899,202

  Hospitality / Lodging

  $659,716

  Office

  $893,860

  Institutional / Educational

  $934,807

  Residential Income

  $1,093,720

  Multifamily

  $1,311,750

  Automotive / Energy

  $801,264

  Parking / Income-Based Land

  $276,506

  Restaurant / Food Service

  $467,682

  Healthcare / Senior Housing

  $922,115

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Latitude

41.6981

Longitude

-71.4654

CBSA code

39300

CBSA name

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

Property Tax & Assessments

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