Industrial Warehouse with High-Bay
For Sale
Contact for pricing
62 Sawyer Dr, Coventry, RI 02816
Flexible industrial layout with dedicated high-bay warehouse space.
Property Size11,140 SF
Lot Size0.68 Acres
Price / SF$103.23
Days on Market87
Property Features for 62 Sawyer Dr
General Information
Standard status
Active
Size
11,140 SF
Lot size
0.68 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
11,140 SF
Properties For Sale
at 62 Sawyer Dr Contact us- Floor
- Bldg
- Size
- 11,140 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
62 Sawyer Dr
- ± 11,140 SF industrial facility on 0.68 acres
- Functional, flexible floor plan
-...
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Listing Agency:
Sentry Commercial
(860) 373-1158
Listed By:
Zach Pasquin
Source:
Moodyscre
Added: Jun 5
Changed: Aug 29
Last Checked: Aug 29 at 7:33PM
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 Sentry Commercial
Investment Insights
Based on property information with market context.
This industrial warehouse property contains 11,140 square feet across a 0.68-acre site. The building includes a 2,200-square-foot high-bay addition and a flexible interior arrangement suited to warehouse and distribution functions.
The facility is positioned off Route 117, approximately 4.4 miles from I-95, providing access to a regional roadway connection. Its combination of warehouse volume, adaptable floor plan, and supplemental high-bay space supports a range of industrial operating requirements.
The facility is positioned off Route 117, approximately 4.4 miles from I-95, providing access to a regional roadway connection. Its combination of warehouse volume, adaptable floor plan, and supplemental high-bay space supports a range of industrial operating requirements.
Key Highlights
- 11,140 SF industrial facility on a 0.68‑acre site
- 2,200 SF high‑bay addition
- Flexible floor plan for warehouse and distribution functions
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
$68,514
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
5.96%
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%
$1,370,280
$1.4M
Cap Rate 7%
$978,771
$978.8K
Cap Rate 9%
$761,267
$761.3K
Market Conditions
NOI Build-Up for 11,140 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
$111.0K $9.96/SF
− Vacancy
−$5.5K −$0.50/SF
EGI
$105.4K $9.46/SF
− OpEx
−$36.9K −$3.31/SF
NOI
$68.5K $6.15/SF
Area
Kent County, RI
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,370,280
Cap Rate 7%
$978,771
Cap Rate 9%
$761,267
Alternative Uses
Best Use
Flex RnD
$978.8K
$856.4K – $1.14M
NOI $68,514 @ 7.0% cap · market cap 5.96%
Second Best
Warehouse
$775.1K
$678.2K – $904.3K
NOI $54,257 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$2.79M
$2.44M – $3.26M
NOI $195,306 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02816, RI
33,206
Population
14,505
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
93%
High-School Grad
36.9 sq mi
ZIP Area
900
Density / Sq Mi
$97,941
Median Household Income
$51,773
Median Earnings
$1,168
Median Rent
$317,400
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?
Warehouse - Flexible industrial layout with dedicated high-bay warehouse space.
Where is this warehouse located?
The property is located at 62 Sawyer Dr Coventry, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 11,140 SF industrial facility on a 0.68‑acre site; 2,200 SF high‑bay addition; Flexible floor plan for warehouse and distribution functions
