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New Warehouse Storage Building
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33 Main Street #REAR, Lincoln, RI 02802

Newly built storage space for cars, boats, equipment, or materials, with owner-paid electricity.

Property Size440 SF
Price / SF$2.16
Days on Market54

Property Features for 33 Main Street #REAR

General Information

Standard status Active
Size 440 SF
Property subtype Commercial

Building Details

Year Built 2026
Buildings 1
Listing Agency: Coldwell Banker Realty - Franklin
Listed By: Raymond Turcotte · License #REB.0016460
Source: Lockandkeyre
Added: Sep 14 Changed: Nov 5 Last Checked: Nov 4 at 3:54PM

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 - Franklin

Rey
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Investment Insights

Based on property information with market context.

This 440-square-foot warehouse storage building was completed in 2026 and is intended for storage use only. The structure measures 20x22 and includes a 16-foot-high by 12-foot-wide door for access to stored vehicles, boats, equipment, or materials. Electricity is paid by the owner.

The property is located at 33 Main Street Unit REAR in Lincoln, RI 02802. It has no water, bathroom, or sewer connection. Storage of hazardous materials and mechanical work are not permitted.

Key Highlights

  • 440 SF warehouse storage building completed in 2026
  • 20x22 new building designated for storage only
  • 16‑foot‑high by 12‑foot‑wide door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$2,788
Suggested Prices Based on Cap Rates
Cap Rate 5%
$55,760 $55.8K
Cap Rate 7%
$39,829 $39.8K
Cap Rate 9%
$30,978 $31.0K
Market Conditions
NOI Build-Up for 440 SF
Gross rent
$3.3K $7.50/SF
− Vacancy
−$20 −$0.05/SF
EGI
$3.3K $7.46/SF
− OpEx
−$492 −$1.12/SF
NOI
$2.8K $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 Rate 5%
$55,760
Cap Rate 7%
$39,829
Cap Rate 9%
$30,978

Alternative Uses

Best Use
Warehouse
$39.8K
$34.9K – $46.5K (±1% cap)
NOI $2,788 @ 7.0% cap · market cap 293.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$104.7K
$91.6K – $122.1K (±1% cap)
NOI $7,326 @ 7.0% cap · market cap 771.16%
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

Warehouses

Suggested Use

Top Pick Auto Repair Shop Law Firm Building Supply Restaurant Big Box & Wholesale Store Hair Salon

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

101
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02802, RI

814
Population
384
Households
2.1
Avg Household Size
52
Median Age
52%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
4,070
Density / Sq Mi
$125,522
Median Household Income
$67,308
Median Earnings
$271,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Warehouses in Providence County, RI

$98.34 Jul
$123 Aug
$109 Sep
$113 Oct

Properties on Market for Warehouses in Providence County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Warehouse - Newly built storage space for cars, boats, equipment, or materials, with owner-paid electricity.
Where is this warehouse located?
The property is located at 33 Main Street #REAR Lincoln, RI.
What are key features of this property?
This property features: 440 SF warehouse storage building completed in 2026; 20x22 new building designated for storage only; 16‑foot‑high by 12‑foot‑wide door
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