Mixed-Use Property with Loading
1 Catamore Blvd, East Providence, RI 02914
For Sale
Contact for pricing
Warehouse space is available alongside occupied office areas and paved outdoor storage.
Property Size54,516 SF
Price / SF$111.89
Days on Market42
Property Features for 1 Catamore Blvd
General Information
Standard status
Size
Property subtype
Additional Details
Outdoor Storage
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Marcus & Millichap - Boston
Listed By:
Harrison Klein · License #MA 9550567
(617) 896-7237
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 4:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Boston
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Investment Insights
Based on property information with market context.
This mixed-use property contains 54,516 square feet, with warehouse space becoming available as Clayens vacates. Loading docks serve both sides of the building, and the warehouse layout can accommodate subdivision. The site also includes 1.5 acres of paved outdoor storage. Brown Health occupies 7,481 square feet, while Amedisys uses the balance of the office space.
Key Highlights
- 54,516 SF building with warehouse space becoming available
- 1.5 acres of paved outdoor storage
- Loading docks on both sides of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$345,454
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,909,080
$6.9M
Cap Rate 7%
$4,935,057
$4.9M
Cap Rate 9%
$3,838,378
$3.8M
Market Conditions
NOI Build-Up for 54,516 SF
Gross rent
$408.9K $7.50/SF
− Vacancy
−$2.5K −$0.05/SF
EGI
$406.4K $7.46/SF
− OpEx
−$61.0K −$1.12/SF
NOI
$345.5K $6.34/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,909,080
Cap Rate 7%
$4,935,057
Cap Rate 9%
$3,838,378
Alternative Uses
Best Use
Mixed Use
$9.20M
$8.05M – $10.73M
NOI $643,970 @ 7.0% cap · market cap 10.56%
Second Best
Warehouse
$4.94M
$4.32M – $5.76M
NOI $345,454 @ 7.0% cap · market cap 5.66%
Theoretical Best
Multifamily LT 5
$12.97M
$11.35M – $15.13M
NOI $907,718 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
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Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Providence County, RI
Properties on Market for Mixed-use properties in Providence County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Warehouse space is available alongside occupied office areas and paved outdoor storage.
Where is this mixed-use property located?
The property is located at 1 Catamore Blvd East Providence, RI.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 54,516 SF building with warehouse space becoming available; 1.5 acres of paved outdoor storage; Loading docks on both sides of the building
