West Warwick Industrial Building For
104 Hay St West Warwick, RI
For Sale
Contact for pricing
34,105 SF industrial building with cold storage and office space.
Property Size34,105 SF
Lot Size1.39 Acres
Price / SF$55.71
Days on Market665
Property Features for 104 Hay St
General Information
Standard status
Active
Size
34,105 SF
Lot size
1.39 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 523-5101
Listed By:
Thomas O Sweeney
(401) 523-5101
Source:
Moodyscre
Added: Oct 4, 2024
Changed: Jul 6
Last Checked: Jul 21 at 3:10AM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This industrial building in West Warwick, Rhode Island, offers 34,105 square feet of space on approximately 1.798 acres of land. Constructed in 1950, the property features an office area and is equipped with nine dock-height loading doors. It includes cold storage capabilities with two freezers and three coolers. The building has 20-foot ceilings and is zoned CI - Commercial Industrial. Its location provides convenient access to I-295, I-95, T.F. Green Airport, RT-2, and RT-37.
Key Highlights
- Cold Storage: Features two freezers & three coolers
- Nine dock height loading doors for efficient operations
- 34,105± SF Building
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 | $204.6k | $6.00 |
| − Vacancy | −$9.2k | −$0.27 |
| EGI | $195.4k | $5.73 |
| − OpEx | −$29.3k | −$0.86 |
| NOI | $166.1k | $4.87 |
34,105 SF · lease $6.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.37M
$2.08M – $2.77M
NOI $166,108 @ 7.0% cap · market cap 8.74%
Second Best
Industrial
$2.27M
$1.98M – $2.64M
NOI $158,682 @ 7.0% cap · market cap 8.35%
Theoretical Best
Specialty Retail
$8.54M
$7.47M – $9.97M
NOI $597,929 @ 7.0% cap · market cap 31.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - 34,105 SF industrial building with cold storage and office space.
Where is this warehouse located?
The property is located at 104 Hay St West Warwick, RI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Cold Storage: Features two freezers & three coolers; Nine dock height loading doors for efficient operations; 34,105± SF Building
