Warehouse with Front and Back
21 Pommenville St Pawtucket, RI 02861
21 Pommenville St, Pawtucket, RI, 02861
$599,000
For Sale
$599,000
Cinder block warehouse includes 10% office space and high loading doors at both the front and back.
Property Size3,600 SF
Lot Size0.27 Acres
Price / SF$166.39
Days on Market42
Property Features for 21 Pommenville St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.27 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
HomeSmart Professionals Real Estate
(401) 523-9555
Listed by
Michael Alves · License #REC.0016995
(401) 523-9555
Source
Janicemitchellre
Added: Jun 11 Updated: Jul 22 at 7:59AM Checked: Jul 22 at 7:59AM
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 HomeSmart Professionals Real Estate
Investment Insights
Based on property information with market context.
The property is a 3,600 SF cinder block warehouse with approximately 10% office space. It features high loading doors on both the front and back of the building, with two bay doors for access and loading.
The sale includes land with an 11,575 SF lot area. The building is described as being close to highway access.
An additional 6,094 SF residential lot identified as Lot 924 is available to purchase as part of the package for an additional $150,000.
The sale includes land with an 11,575 SF lot area. The building is described as being close to highway access.
An additional 6,094 SF residential lot identified as Lot 924 is available to purchase as part of the package for an additional $150,000.
Key Highlights
- 3,600 SF cinder block building built in 1960
- Includes about 10% office space
- High loading doors at both the front and back with 2 bay doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $7.50 |
| − Vacancy | −$162 | −$0.05 |
| EGI | $26.8k | $7.46 |
| − OpEx | −$4.0k | −$1.12 |
| NOI | $22.8k | $6.34 |
3,600 SF · lease $7.50/SF/yr · vacancy 0.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$325.9K
$285.2K – $380.2K
NOI $22,812 @ 7.0% cap · market cap 3.81%
Second Best
Flex RnD
$318.0K
$278.2K – $371.0K
NOI $22,258 @ 7.0% cap · market cap 3.72%
Theoretical Best
Multifamily LT 5
$856.3K
$749.3K – $999.0K
NOI $59,942 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Life Storage - Pawtucket — 555 Prospect St, Pawtucket, RI 02860
- Storage Center — 680 Narragansett Park Dr, Pawtucket, RI 02861
FAQs
What type of property is this?
Warehouse - Cinder block warehouse includes 10% office space and high loading doors at both the front and back.
Where is this warehouse located?
The property is located at 21 Pommenville St Pawtucket, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,600 SF cinder block building built in 1960; Includes about 10% office space; High loading doors at both the front and back with 2 bay doors
