Building Details

Year Built 1975

Building Size 5,292 SF

Listing Agency: RE/MAX Properties r***@aol.com Show Phone

Listed By: Paul Harrison · License #RES.0042365 Show Phone

Source: Lockandkeyre

Added: Jul 23 Changed: Oct 15 Last Checked: Oct 16 at 8:40AM

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Investment Insights

Based on property information with market context.

This 5,292-square-foot manufacturing property provides a functional commercial layout for light manufacturing, fabrication, warehousing, or contractor use. An updated roof is among the building’s principal physical improvements. Constructed in 1975, the property offers an established industrial setting for an owner-user or investor seeking adaptable manufacturing space.

The building is located at 10 Alcazar Ave in Johnston, Rhode Island, with access to major highways that support regional logistics and transportation. Its combination of industrial utility, flexible configuration, and highway proximity accommodates a range of commercial operations without requiring a highly specialized layout.

Key Highlights

• 5,292 SF manufacturing and industrial building
• Updated roof
• Functional layout for light manufacturing, fabrication, warehouse, or contractor use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,534

Cap Rate

6.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$670,680 $670.7K

Cap Rate 7%

$479,057 $479.1K

Cap Rate 9%

$372,600 $372.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,292 SF

Gross rent

$39.7K $7.50/SF

− Vacancy

−$238 −$0.05/SF

EGI

$39.5K $7.46/SF

− OpEx

−$5.9K −$1.12/SF

NOI

$33.5K $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%

$670,680

Cap Rate 7%

$479,057

Cap Rate 9%

$372,600

Alternative Uses

Best Use

Warehouse

$479.1K

$419.2K – $558.9K (±1% cap)

NOI $33,534 @ 7.0% cap · market cap 6.71%

Second Best

Industrial

$394.5K

$345.2K – $460.3K (±1% cap)

NOI $27,616 @ 7.0% cap · market cap 5.52%

Theoretical Best

Multifamily LT 5

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,114 @ 7.0% cap · market cap 17.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Building Supply Plumbing Service Locksmith Acupuncture Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

473

Businesses Nearby

Explore this area Business Placement

Demographics for 02919, RI

29,473

Population

11,993

Households

2.5

Avg Household Size

45

Median Age

29%

College-Educated

91%

High-School Grad

23.5 sq mi

ZIP Area

1,254

Density / Sq Mi

$87,811

Median Household Income

$56,068

Median Earnings

$1,259

Median Rent

$326,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Functional commercial space supports light manufacturing, fabrication, warehouse, and contractor operations.

Where is this manufacturing property located?

The property is located at 10 Alcazar Avenue Johnston, RI.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 5,292 SF manufacturing and industrial building; Updated roof; Functional layout for light manufacturing, fabrication, warehouse, or contractor use