104 Hay St, West Warwick, RI
34,105 SF industrial building with cold storage and office space.
- Added:
- Oct 4, 2024
- Days on Market:
- 620
- Last Refresh:
- May 20 at 8:07 pm
Property Features for 104 Hay St
General Information
- Standard status
- Active
- Size
- 34,105 SF
- Lot size
- 1.39 Acres
- Property subtype
- INDUSTRIAL
Listing agent Thomas O Sweeney (401) 331-9300
Listing office Sweeney Real Estate &Appraisal (401) 331-9300
Listing date Oct 4, 2024
Source Moodyscre
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
HighLights
- Cold Storage: Features two freezers & three coolers
- Nine dock height loading doors for efficient operations
- 34,105± SF Building
- Quick access to I‑295, I‑95, T.F. Green Airport, RT‑2 & RT‑37
- Zoned CI - Commercial Industrial
- 20 FT Ceilings
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5154
- Latitude
- 41.7164
