Masonry Warehouse with Loading
New
For Sale
Contact for pricing
129 Summit Street, Pawtucket, RI 02860
A masonry commercial building provides ground-level loading and access from two streets.
Property Size5,700 SF
Price / SF$0.61
Days on Market4
Property Features for 129 Summit Street
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Drive-In Doors
2
Building Details
Year Built
1920
Construction
Masonry
Listing Agency:
Albert Realty Inc., REALTORS
(401) 944-3377
Listed By:
Scaralia Group
(401) 464-6464
Source:
Lockandkeyre
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:31AM
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 Albert Realty Inc., REALTORS
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Investment Insights
Based on property information with market context.
The 5,700-square-foot masonry warehouse was built in 1920 and has two ground-level loading doors. The property is accessible from Summit Street and Division Street.
Its Pawtucket location offers highway access.
Its Pawtucket location offers highway access.
Key Highlights
- 5,700‑square‑foot masonry warehouse
- Two ground‑level loading doors
- Access from Summit Street and Division Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,119
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,380
$722.4K
Cap Rate 7%
$515,986
$516.0K
Cap Rate 9%
$401,322
$401.3K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$42.8K $7.50/SF
− Vacancy
−$257 −$0.05/SF
EGI
$42.5K $7.46/SF
− OpEx
−$6.4K −$1.12/SF
NOI
$36.1K $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%
$722,380
Cap Rate 7%
$515,986
Cap Rate 9%
$401,322
Alternative Uses
Best Use
Warehouse
$516.0K
$451.5K – $602.0K
NOI $36,119 @ 7.0% cap · market cap 1,031.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.36M
$1.19M – $1.58M
NOI $94,908 @ 7.0% cap · market cap 2,711.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,952
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Auburn Street Storage — 29 Auburn St, Pawtucket, RI 02860
- 𝗕𝗼𝗿𝗻 𝘁𝗼 𝗠𝗼𝘃𝗲 𝗠𝗼𝘃𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 — 18 Kimball Ave, Pawtucket, RI 02860
- Adigo Facility — 407 East Ave 1st floor ste 110, Pawtucket, RI 02860
- Heather Portal Self Storage Facility — 600 Main St, Pawtucket, RI 02860
- Fander Self Storage Facility — 308 Barton St, Pawtucket, RI 02860
Frequently Asked Questions
What type of property is this?
Warehouse - A masonry commercial building provides ground-level loading and access from two streets.
Where is this warehouse located?
The property is located at 129 Summit Street Pawtucket, RI.
What are key features of this property?
This property features: 5,700‑square‑foot masonry warehouse; Two ground‑level loading doors; Access from Summit Street and Division Street
