Industrial Condo with Dock
1 Tupperware Drive #4D North Smithfield, RI 02896
For Sale
$275,000
1,972 SF industrial condo with flexible layout for sale.
Property Size1,972 SF
Price / SF$139.45
Days on Market160
Property Features for 1 Tupperware Drive #4D
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Commercial
Building Details
Year Built
1904
Listing Agency:
Gold Door Realty
(401) 396-2888
Listed By:
The Sarji Team
(401) 396-2888
Source:
Liongatere
Added: Feb 17
Changed: Jul 10
Last Checked: Jul 27 at 6:17AM
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 Gold Door Realty
Investment Insights
Based on property information with market context.
This industrial condominium unit offers approximately 1,972 square feet of space. It is located at 1 Tupperware Drive, Unit 3, within the High Rocks commercial complex. The building features brick warehouse construction with a built-in office area. It includes dock-high loading access with canopy coverage. The flexible industrial layout is suitable for storage, contractor operations, light distribution, or owner-user occupancy, subject to association approval. The association is professionally managed and provides municipal water and sewer services. At the time of listing, there were no known pending assessments.
Key Highlights
- Dock‑high loading access with canopy coverage for efficient operations.
- Flexible 1,972 sq ft industrial space suitable for various uses.
- Built‑in office area within the unit.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.8k | $7.50 |
| − Vacancy | −$89 | −$0.05 |
| EGI | $14.7k | $7.46 |
| − OpEx | −$2.2k | −$1.12 |
| NOI | $12.5k | $6.34 |
1,972 SF · lease $7.50/SF/yr · vacancy 0.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$178.5K
$156.2K – $208.3K
NOI $12,496 @ 7.0% cap · market cap 4.54%
Second Best
Flex RnD
$174.2K
$152.4K – $203.2K
NOI $12,192 @ 7.0% cap · market cap 4.43%
Theoretical Best
Multifamily LT 5
$469.1K
$410.4K – $547.3K
NOI $32,835 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Stewart's Catering — 148 Main St, Blackstone, MA 01504
Frequently Asked Questions
What type of property is this?
Flex space - 1,972 SF industrial condo with flexible layout for sale.
Where is this flex space located?
The property is located at 1 Tupperware Drive #4D North Smithfield, RI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Dock‑high loading access with canopy coverage for efficient operations.; Flexible 1,972 sq ft industrial space suitable for various uses.; Built‑in office area within the unit.
