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    1265 Mendon Rd Woonsocket, RI 02895

    Sponsored
    For Lease
    Contact for pricing

    Woonsocket, RI: Build-to-Suit Opportunity

    Lot size:
    204,296 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    340
    This exceptional 4.69-acre commercial land parcel, strategically located at the corner of Mendon Road and Aylsworth Avenue in Woonsocket, Rhode Island, presents a unique build-to-suit or joint venture opportunity. Boasting high visibility with over 11,000 vehicles passing daily, this site benefits from convenient access to major roadways including Interstate 95, 295, and Route 146, providing easy access to neighboring Massachusetts towns such as Wrentham, Franklin, Blackstone, and Bellingham. The property offers significant frontage on Mendon Road (753 feet) and includes 1000 parking spaces. Utilities are readily available, including water, sewer, natural gas, and high-capacity electrical power. The MU-2 zoning allows for a wide range of development possibilities, including but not limited to: car washes, supermarkets, retail spaces, laundromats, breweries, restaurants, entertainment venues, fuel stations, auto sales and repair facilities, warehouses, trucking terminals, veterinary clinics, light manufacturing, and medical uses. The site is also well-suited for contractor bays and solar installations. Prominent signage opportunities along Mendon Road further enhance the property's marketing potential. The property can be subdivided into smaller parcels to accommodate various development needs. This is an unparalleled chance to establish a thriving business in a high-traffic location with excellent infrastructure and diverse development options. Bring your vision and create a landmark destination.

    Property Features for 1265 Mendon Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    204,296 SF

    Unit(s) available at that property

    Space
    Land Lease for development
    Size
    204,296 SF

    HighLights

    • Up to 4.69 acres available for land lease with build‑to‑suit or joint venture options.
    • High‑traffic location at Mendon Rd and Aylsworth Ave in Woonsocket, RI, with over 11,000 vehicles per day.
    • Utilities available: water, sewer, natural gas, and high‑capacity electricity.
    • Property is divisible into smaller parcels.
    • Suitable for various uses including retail, industrial, and commercial development.
    • 1000 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.480430644052
    Latitude
    42.001703161231

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    FAQs

    What type of property is this?
    Land - Woonsocket, RI: Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 1265 Mendon Rd Woonsocket, RI.
    What are key features of this property?
    This property features: Up to 4.69 acres available for land lease with build-to-suit or joint venture options.; High-traffic location at Mendon Rd and Aylsworth Ave in Woonsocket, RI, with over 11,000 vehicles per day.; Utilities available: water, sewer, natural gas, and high-capacity electricity.
    Request Owner's contact information
    1265 Mendon Rd Woonsocket, RI 02895
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    Woonsocket, RI 02895
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1265 Mendon Rd Woonsocket, RI 02895
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