Building Details

Building Size 11,140 SF

Properties For Sale

at 62 Sawyer Dr

62 Sawyer Dr AVAILABLE, Now

Floor Bldg

Size 11,140 SF

Type INDUSTRIAL

Lease Type NNN

Sublease No

- ± 11,140 SF industrial facility on 0.68 acres - Functional, flexible floor plan - 2,200 SF high‑bay warehouse addition - Positioned off Route 117, approx. 4.4 miles from I‑95 - Ideal for warehouse/distribution use

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Listing Agency: Sentry Commercial Show Phone

Listed By: Zach Pasquin Show Phone

Source: Moodyscre

Added: Jun 5 Changed: Oct 4 Last Checked: Oct 12 at 9:59PM

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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.

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 / Yr

$68,514

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $68,514 @ 7.0% cap · market cap 5.96%

Second Best

Warehouse

$775.1K

$678.2K – $904.3K (±1% cap)

NOI $54,257 @ 7.0% cap · market cap 4.72%

Theoretical Best

Specialty Retail

$2.79M

$2.44M – $3.26M (±1% cap)

NOI $195,306 @ 7.0% cap · market cap 16.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

M-Tronics Inc. Electronics & Wireless Store Moe Joe's Baseball ... Gym & Fitness Center Morris Roofing Solutions, ... Roofing Company

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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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