Listing Agency: Coldwell Banker Realty | Providence r***@nemoves.com Show Phone

Listed By: Robert Sam Barchi Show Phone

Source: Moodyscre

Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Apr 5 at 10:27PM

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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 Coldwell Banker Realty | Providence

Investment Insights

Based on property information with market context.

This expansive 6,733 square foot warehouse features central air and propane heat. The property includes four overhead doors, two measuring ten feet and two measuring eleven feet in height. Situated on a 35,719 square foot lot, the building offers a wide-open layout. A new septic system and well were installed in 2006. The location provides convenient access to nearby cities, being five minutes from Taunton and Attleboro, twenty-five minutes from Providence and Fall River, thirty minutes from New Bedford, seventy minutes from Boston's TD Garden, and approximately four and a half hours from New York City's Madison Square Garden.

Key Highlights

• Large 6,733 sq. ft. building with central air.
• Substantial 35,719 sq. ft. lot.
• Four overhead doors (two 10‑foot, two 11‑foot).

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

$87,230

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

8.95%

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%

$1,744,600 $1.7M

Cap Rate 7%

$1,246,143 $1.2M

Cap Rate 9%

$969,222 $969.2K

Market Conditions

NOI Build-Up for 6,733 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

$107.5K $15.96/SF

− Vacancy

−$4.8K −$0.72/SF

EGI

$102.6K $15.24/SF

− OpEx

−$15.4K −$2.29/SF

NOI

$87.2K $12.96/SF

Area

Bristol County, MA

Vacancy

4.50%

Lease Rate

$15.96 /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%

$1,744,600

Cap Rate 7%

$1,246,143

Cap Rate 9%

$969,222

Alternative Uses

Best Use

Warehouse

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,230 @ 7.0% cap · market cap 8.95%

Second Best

Industrial

$941.3K

$823.6K – $1.10M (±1% cap)

NOI $65,889 @ 7.0% cap · market cap 6.76%

Theoretical Best

Office A

$4.10M

$3.59M – $4.78M (±1% cap)

NOI $287,020 @ 7.0% cap · market cap 29.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Wayne's Sheet Metal Production Facility

Suggested Use

Top Pick Auto Repair Shop HVAC Service Electrical Service Pharmacy Garden Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - 6,733 sq ft warehouse with central air and propane heat.

Where is this warehouse located?

The property is located at 157 Tremont St Rehoboth, MA.

What is the asking price?

The asking price for this property is $974,900.

What are key features of this property?

This property features: Large 6,733 sq. ft. building with central air.; Substantial 35,719 sq. ft. lot.; Four overhead doors (two 10‑foot, two 11‑foot).