Freestanding Industrial Flex
55 SW Starr Street SW, Johnston, RI 02919
For Sale
Contact for pricing
Open industrial space with high ceilings, overhead doors, security systems, and industrial zoning.
Property Size2,500 SF
Price / SF$1.60
Days on Market57
Property Features for 55 SW Starr Street SW
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Mia Colombo · License RI RES.0046760
(401) 569-6000
Source:
Lockandkeyre
Added: Sep 19
Changed: Nov 12
Last Checked: Nov 12 at 7:33AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This freestanding industrial flex building was constructed in 2026 and offers open interior space suited to a range of commercial operations. The building has 18-foot ceilings, fire-rated ceilings, and multiple 14-foot overhead doors designed to accommodate large trucks and equipment. Industrial zoning supports its intended commercial setting.
Security features include perimeter fencing, controlled gates, and security cameras. Some on-site parking is available for equipment, trucks, or materials. The property also provides access to major highways including 95, 295, and Route 10, with downtown Providence minutes away.
Security features include perimeter fencing, controlled gates, and security cameras. Some on-site parking is available for equipment, trucks, or materials. The property also provides access to major highways including 95, 295, and Route 10, with downtown Providence minutes away.
Key Highlights
- 2026 construction with freestanding block building design
- 18' ceilings accommodate large trucks and equipment
- 14' overhead doors provide truck and equipment access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,046
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,920
$260.9K
Cap Rate 7%
$186,371
$186.4K
Cap Rate 9%
$144,956
$145.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$18.8K $7.50/SF
− Vacancy
−$113 −$0.05/SF
EGI
$18.6K $7.46/SF
− OpEx
−$5.6K −$2.24/SF
NOI
$13.0K $5.22/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,920
Cap Rate 7%
$186,371
Cap Rate 9%
$144,956
Alternative Uses
Best Use
Warehouse
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap
Second Best
Flex RnD
$220.8K
$193.2K – $257.6K
NOI $15,457 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$594.7K
$520.3K – $693.8K
NOI $41,626 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Providence County, RI
Properties on Market for Flex space in Providence County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Open industrial space with high ceilings, overhead doors, security systems, and industrial zoning.
Where is this flex space located?
The property is located at 55 SW Starr Street SW Johnston, RI.
What are key features of this property?
This property features: 2026 construction with freestanding block building design; 18' ceilings accommodate large trucks and equipment; 14' overhead doors provide truck and equipment access
