Manufacturing Building with Dock
For Sale
$1,680,000
130 Industrial Drive, North Smithfield, RI 02896
Manufacturing building on 3.489 acres with up to 19'8" clear height, grade-level doors, wet sprinkler system, and dock loading
Property Size14,125 SF
Lot Size3.49 Acres
Price / SF$118.94
Days on Market31
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
M
Warehouse & Industrial
Clear Height
19.7 ft
Drive-In Doors
2
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Building Size
14,125 SF
Year Built
2011
Buildings
1
Listing Agency:
MG Commercial
(401) 439-9091
Listed By:
Julie Freshman, SIOR · License #RI #0019769
(401) 439-9091
Source:
Mgcommercial
Added: Jul 28
Changed: Aug 26
Last Checked: Aug 26 at 8:18AM
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 manufacturing building offers 14,125 SF on 3.489 acres with up to 19'8" clear ceiling heights. The facility includes a loading platform with a dock leveler and ramp, plus two grade level doors sized 12'H x 12'W and 14'H x 12'W. The building is equipped with a wet sprinkler system and rooftop solar. Power is available with 3 phase service at 277/480 volts, including 600 amp and 400 amp capacity, supporting a wide range of industrial operations. On-site parking totals 50 spaces.
The property is zoned M (Manufacturing) and is suited for manufacturing-focused users that need docked receiving and grade-level access.
With its dock loading configuration, substantial clear height, and industrial power and fire protection systems, the building provides a practical foundation for a manufacturing tenant seeking dependable day-to-day receiving and operations.
The property is zoned M (Manufacturing) and is suited for manufacturing-focused users that need docked receiving and grade-level access.
With its dock loading configuration, substantial clear height, and industrial power and fire protection systems, the building provides a practical foundation for a manufacturing tenant seeking dependable day-to-day receiving and operations.
Key Highlights
- 14,125 SF manufacturing building on 3.489 acres
- Up to 19'8" clear ceiling height
- Loading platform with dock leveler and ramp
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
$73,711
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
4.39%
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%
$1,474,220
$1.5M
Cap Rate 7%
$1,053,014
$1.1M
Cap Rate 9%
$819,011
$819.0K
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
−$31.6K −$2.24/SF
NOI
$73.7K $5.22/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
30.00%
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%
$1,474,220
Cap Rate 7%
$1,053,014
Cap Rate 9%
$819,011
Alternative Uses
Best Use
Industrial
$1.05M
$921.4K – $1.23M
NOI $73,711 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
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
Lease Details
19 ft
Clear height
2
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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?
Manufacturing property - Manufacturing building on 3.489 acres with up to 19'8" clear height, grade-level doors, wet sprinkler system, and dock loading
Where is this manufacturing property 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: 14,125 SF manufacturing building on 3.489 acres; Up to 19'8" clear ceiling height; Loading platform with dock leveler and ramp
