Industrial Building with Solar
For Sale
Contact for pricing
130 Industrial Drive, North Smithfield, RI 02896
14,125 SF industrial building with significant solar savings.
Property Size14,125 SF
Lot Size3.49 Acres
Price / SF$118.94
Days on Market82
Property Features for 130 Industrial Drive
General Information
Standard status
Active
Size
14,125 SF
Total Parking Spaces
50
Lot size
3.49 Acres
Property subtype
Industrial
Zoning
Manufacturing (M)
Building Details
Year Built
2011
Stories
1
Tenancy
Single
Listing Agency:
MG Commercial
(401) 751-3200
Listed By:
Julie Freshman · License #0019769
Source:
Crexi
Added: May 20
Changed: Aug 8
Last Checked: Aug 8 at 7:20AM
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 MG Commercial
Investment Insights
Based on property information with market context.
This 14,125 square foot industrial building is situated on a 3.489-acre lot. The property includes 4,250 square feet of air-conditioned office space and 9,875 square feet of heated warehouse space. The building features clear ceiling heights up to 19 feet 8 inches. It is serviced by municipal water and sewer. Loading capabilities include two grade-level drive-in doors and a loading platform equipped with a ramp, dock, and leveler. A rooftop solar installation provides an estimated $10,000 in annual electrical savings. The property is located in North Smithfield's industrial hub, offering access to Route 146 and I-295. This location facilitates distribution to Providence, Worcester, and Boston, making it suitable for last-mile and regional supply chain operations.
Key Highlights
- Strategic location in North Smithfield's industrial hub with superb access to Route 146 and I‑295.
- Rooftop solar installation delivering an estimated $10,000 in annual electrical savings.
- 14,125 SF industrial building on a 3.489‑acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,790,140
$1.8M
Cap Rate 7%
$1,278,671
$1.3M
Cap Rate 9%
$994,522
$994.5K
Market Conditions
NOI Build-Up for 14,125 SF
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.
Gross rent
$105.9K $7.50/SF
− Vacancy
−$636 −$0.05/SF
EGI
$105.3K $7.46/SF
− OpEx
−$15.8K −$1.12/SF
NOI
$89.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,790,140
Cap Rate 7%
$1,278,671
Cap Rate 9%
$994,522
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,507 @ 7.0% cap · market cap 5.33%
Second Best
Flex RnD
$1.25M
$1.09M – $1.46M
NOI $87,330 @ 7.0% cap · market cap 5.20%
Theoretical Best
Multifamily LT 5
$3.36M
$2.94M – $3.92M
NOI $235,188 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02896, RI
11,154
Population
4,759
Households
2.3
Avg Household Size
48
Median Age
34%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
485
Density / Sq Mi
$109,436
Median Household Income
$57,420
Median Earnings
$1,282
Median Rent
$423,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 14,125 SF industrial building with significant solar savings.
Where is this flex space located?
The property is located at 130 Industrial Drive North Smithfield, RI.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Strategic location in North Smithfield's industrial hub with superb access to Route 146 and I‑295.; Rooftop solar installation delivering an estimated $10,000 in annual electrical savings.; 14,125 SF industrial building on a 3.489‑acre lot.
