Freestanding Industrial Building with Grade
For Sale
Contact for pricing
Pending
33 York Ave, Pawtucket, RI 02860
Freestanding industrial building with office and manufacturing/warehouse space, concrete floors, ample power, and a grade-level door.
Property Size9,292 SF
Lot Size0.31 Acres
Days on Market152
Property Features for 33 York Ave
General Information
Standard status
Pending
Size
9,292 SF
Lot size
0.31 Acres
Property subtype
INDUSTRIAL
Zoning
MO/RS
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Building Details
Buildings
1
Building Size
9,292 SF
Construction
masonry
Listing Agency:
MG Commercial
(401) 374-7038
Listed By:
George Paskalis, SIOR · License ##0040525
(401) 374-7038
Source:
Moodyscre
Added: Mar 11
Changed: Jul 30
Last Checked: Jul 30 at 6:42AM
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.
33 York Avenue is a freestanding masonry industrial building totaling 9,292 SF on 0.21 acres. The property includes office space along with manufacturing/warehouse space, concrete floors, and ample power for industrial operations. The building features a 12' high x 10' wide grade level door and approximately 12' high clear ceiling heights.
The sale also includes a 0.10-acre parking lot across York Avenue on the corner of Princeton Street. The building is located in the Pawtucket industrial corridor, between York Avenue and George Bennett Industrial Highway, providing convenient access to I-95 North and South.
Zoned MO (Manufacturing) / RS (Residential), the space is positioned for a range of light industrial uses such as warehouse, light manufacturing, light production, and assembly.
The sale also includes a 0.10-acre parking lot across York Avenue on the corner of Princeton Street. The building is located in the Pawtucket industrial corridor, between York Avenue and George Bennett Industrial Highway, providing convenient access to I-95 North and South.
Zoned MO (Manufacturing) / RS (Residential), the space is positioned for a range of light industrial uses such as warehouse, light manufacturing, light production, and assembly.
Key Highlights
- 9,292 SF freestanding masonry industrial building
- 12' high x 10' wide grade level door and approx. 12' high clear ceiling height
- Concrete floors with ample power
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
$58,881
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
5.61%
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%
$1,177,620
$1.2M
Cap Rate 7%
$841,157
$841.2K
Cap Rate 9%
$654,233
$654.2K
Market Conditions
NOI Build-Up for 9,292 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
$69.7K $7.50/SF
− Vacancy
−$418 −$0.05/SF
EGI
$69.3K $7.46/SF
− OpEx
−$10.4K −$1.12/SF
NOI
$58.9K $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 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%
$1,177,620
Cap Rate 7%
$841,157
Cap Rate 9%
$654,233
Alternative Uses
Best Use
Warehouse
$841.2K
$736.0K – $981.4K
NOI $58,881 @ 7.0% cap · market cap 5.61%
Second Best
Flex RnD
$820.7K
$718.1K – $957.5K
NOI $57,449 @ 7.0% cap · market cap 5.47%
Theoretical Best
Multifamily LT 5
$2.21M
$1.93M – $2.58M
NOI $154,716 @ 7.0% cap · market cap 14.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building with office and manufacturing/warehouse space, concrete floors, ample power, and a grade-level door.
Where is this flex space located?
The property is located at 33 York Ave Pawtucket, RI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 9,292 SF freestanding masonry industrial building; 12' high x 10' wide grade level door and approx. 12' high clear ceiling height; Concrete floors with ample power
