Warehouse with Two
New
For Sale
Contact for pricing
10 Appian Way #D, Smithfield, RI 02917
A 43-by-40-foot shop includes two overhead doors and a restroom.
Property Size1,720 SF
Price / SF$2.91
Days on Market7
Property Features for 10 Appian Way #D
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Commercial
Additional Details
Warehouse Space
1,720 SF
Property Use
Warehouse
Building Details
Year Built
1989
Listing Agency:
Northeast Realty Asssociates
(401) 355-5577
Listed By:
Jason Corsini · License #RES.0029948
(401) 487-7874
Source:
Lockandkeyre
Added: Oct 31
Changed: Nov 5
Last Checked: Nov 4 at 3:52PM
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 Northeast Realty Asssociates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,720-square-foot warehouse, built in 1989, combines an open shop area with two private offices and one restroom. The shop measures 43 feet by 40 feet, and the building has two overhead garage doors, each measuring 14 feet by 14 feet.
Key Highlights
- 1,720 SF warehouse built in 1989
- Open shop measures 43' x 40'
- Two 14' x 14' overhead garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,899
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,980
$218.0K
Cap Rate 7%
$155,700
$155.7K
Cap Rate 9%
$121,100
$121.1K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$12.9K $7.50/SF
− Vacancy
−$77 −$0.05/SF
EGI
$12.8K $7.46/SF
− OpEx
−$1.9K −$1.12/SF
NOI
$10.9K $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%
$217,980
Cap Rate 7%
$155,700
Cap Rate 9%
$121,100
Alternative Uses
Best Use
Warehouse
$155.7K
$136.2K – $181.7K
NOI $10,899 @ 7.0% cap · market cap 217.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$409.1K
$358.0K – $477.3K
NOI $28,639 @ 7.0% cap · market cap 572.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02917, RI
14,738
Population
5,119
Households
2.9
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
689
Density / Sq Mi
$106,772
Median Household Income
$44,229
Median Earnings
$988
Median Rent
$416,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Providence County, RI
Properties on Market for Warehouses in Providence County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - A 43-by-40-foot shop includes two overhead doors and a restroom.
Where is this warehouse located?
The property is located at 10 Appian Way #D Smithfield, RI.
What are key features of this property?
This property features: 1,720 SF warehouse built in 1989; Open shop measures 43' x 40'; Two 14' x 14' overhead garage doors
