Coventry Industrial Property for
80 Centre Of New England Blvd Coventry, RI
80 Centre Of New England Blvd, Coventry, RI, 00000
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For Sale
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Industrial property featuring office, warehouse, and shop areas.
Property Size23,984 SF
Lot Size3.92 Acres
Price / SF$116.74
Days on Market1362
Property Features for 80 Centre Of New England Blvd
General Information
- Standard status
- Active
- Size
- 23,984 SF
- Lot size
- 3.92 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Rodman Real Estate, Inc.
(401) 273-2270
Listed by
Sheldon E Rodman
Source
Moodyscre
Added: Oct 28, 2022 Checked: Jul 20 at 3:23 am
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 Rodman Real Estate, Inc.
Investment Insights
Based on property information with market context.
This industrial property includes an office area of 6,113 square feet, which contains both administrative and a sales and service area. The warehouse area measures 5,791 square feet and features a ceiling height of 20 feet. Heating is provided by gas-fired FAU and infrared systems, and lighting consists of metal-halide pendant lamps. Loading is facilitated by one 9' x 10' dock-high door with a leveler and one 8' x 10' grade-level door. The shop area encompasses 12,080 square feet and offers drive-through access via ten 14' x 16' and two 22' x 18' grade-level doors. This area is heated by gas infrared systems and illuminated by metal-halide pendant lamps. It has a power supply of 400A; 277V; 3 Phase. The site has 400 feet of frontage on Centre of New England Blvd. and includes landscaping, lighting, and 64 parking spaces. The rear and side yards are fenced.
Key Highlights
- Shop area: 12,080 sq ft with drive‑through access via 10 - 14' x 16' and 2 - 22' x 18' grade‑level doors.
- Ample parking: 64 parking spaces available on the property.
- Significant frontage: 400' of frontage on Centre of New England Blvd.
Local Financial Insights For Flex RnD
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 | $238.9k | $9.96 |
| − Vacancy | −$11.9k | −$0.50 |
| EGI | $226.9k | $9.46 |
| − OpEx | −$79.4k | −$3.31 |
| NOI | $147.5k | $6.15 |
23,984 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.11M
$1.84M – $2.46M
NOI $147,509 @ 7.0% cap · market cap 5.27%
Second Best
Warehouse
$1.67M
$1.46M – $1.95M
NOI $116,814 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$6.01M
$5.26M – $7.01M
NOI $420,487 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
D'Ambra Construction Co., ...
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial property featuring office, warehouse, and shop areas.
Where is this warehouse located?
The property is located at 80 Centre Of New England Blvd Coventry, RI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Shop area: 12,080 sq ft with drive‑through access via 10 - 14' x 16' and 2 - 22' x 18' grade‑level doors.; Ample parking: 64 parking spaces available on the property.; Significant frontage: 400' of frontage on Centre of New England Blvd.
