Industrial Building with Highway
161 Oak Hill Road, North Kingstown, RI 02852
For Sale
Contact for pricing
10,000 sq ft industrial building with large overhead door.
Property Size10,000 SF
Price / SF$0.00
Days on Market886
Property Features for 161 Oak Hill Road
General Information
Standard status
Size
Property subtype
Lease Type
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Randall Realtors
Listed By:
Scot Hallberg
(401) 364-3388
Source:
Crexi
Added: Jun 8, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:14AM
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 Randall Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,000 square foot building is available for lease. The structure features a clear span layout and a large overhead door. The property is zoned for industrial use and offers convenient highway access.
Key Highlights
- 10,000 sq foot building
- Clear span construction
- Zoned Industrial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,795
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,900
$935.9K
Cap Rate 7%
$668,500
$668.5K
Cap Rate 9%
$519,944
$519.9K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$70.0K $7.00/SF
− Vacancy
−$3.2K −$0.32/SF
EGI
$66.9K $6.69/SF
− OpEx
−$20.1K −$2.01/SF
NOI
$46.8K $4.68/SF
Area
Washington County, RI
Vacancy
4.50%
Lease Rate
$7.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,900
Cap Rate 7%
$668,500
Cap Rate 9%
$519,944
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,395 @ 7.0% cap
Second Best
Warehouse
$811.8K
$710.3K – $947.1K
NOI $56,823 @ 7.0% cap
Theoretical Best
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,860 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 02852, RI
23,579
Population
10,589
Households
2.2
Avg Household Size
47
Median Age
49%
College-Educated
96%
High-School Grad
30.8 sq mi
ZIP Area
766
Density / Sq Mi
$112,457
Median Household Income
$60,020
Median Earnings
$1,188
Median Rent
$461,700
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
Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 sq ft industrial building with large overhead door.
Where is this warehouse located?
The property is located at 161 Oak Hill Road North Kingstown, RI.
What are key features of this property?
This property features: 10,000 sq foot building; Clear span construction; Zoned Industrial
