Industrial Block
For Sale
Contact for pricing
66 Libera St, Cranston, RI 02920
Concrete block industrial building with two loading docks and 24 parking spaces on a 0.61-acre lot.
Property Size13,022 SF
Lot Size0.61 Acres
Price / SF$76.41
Days on Market55
Property Features for 66 Libera St
General Information
Standard status
Active
Size
13,022 SF
Total Parking Spaces
24
Lot size
0.61 Acres
Property subtype
INDUSTRIAL
Zoning
M-1
Additional Details
Dock-High Doors
2
Building Details
Construction
concrete block
Listing Agency:
MG Commercial
(401) 374-7038
Listed By:
George Paskalis, SIOR · License ##0040525
(401) 374-7038
Source:
Moodyscre
Added: Jun 16
Changed: Jul 29
Last Checked: Jul 29 at 9:54AM
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.
Industrial building totaling 13,022 SF +/- of concrete block construction, plus an additional 2,050 SF +/- lower-level space, for a functional warehouse configuration. The property includes two loading docks to support receiving and shipping operations.
The site is situated on 0.61 acres and provides 24 parking spaces for employees, customers, or other onsite needs. The property is identified with industrial zoning under M-1.
For sale as a commercial real estate asset, this property combines dock access, on-site parking, and concrete block industrial improvements suitable for M-1 uses.
The site is situated on 0.61 acres and provides 24 parking spaces for employees, customers, or other onsite needs. The property is identified with industrial zoning under M-1.
For sale as a commercial real estate asset, this property combines dock access, on-site parking, and concrete block industrial improvements suitable for M-1 uses.
Key Highlights
- 13,022 SF +/- concrete block industrial building
- Includes additional 2,050 SF +/- lower‑level space
- Two (2) loading docks
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
$82,517
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
8.29%
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%
$1,650,340
$1.7M
Cap Rate 7%
$1,178,814
$1.2M
Cap Rate 9%
$916,856
$916.9K
Market Conditions
NOI Build-Up for 13,022 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
$97.7K $7.50/SF
− Vacancy
−$586 −$0.05/SF
EGI
$97.1K $7.46/SF
− OpEx
−$14.6K −$1.12/SF
NOI
$82.5K $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%
$1,650,340
Cap Rate 7%
$1,178,814
Cap Rate 9%
$916,856
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,517 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.10M
$2.71M – $3.61M
NOI $216,823 @ 7.0% cap · market cap 21.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02920, RI
37,791
Population
15,052
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
4,246
Density / Sq Mi
$79,246
Median Household Income
$51,811
Median Earnings
$1,271
Median Rent
$336,900
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.
Similar Off Market Nearby
- Springfield Self Storage — 67 Elena St, Cranston, RI 02920
- US Storage Space — 505 Atwood Ave, Cranston, RI 02920
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete block industrial building with two loading docks and 24 parking spaces on a 0.61-acre lot.
Where is this warehouse located?
The property is located at 66 Libera St Cranston, RI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 13,022 SF +/- concrete block industrial building; Includes additional 2,050 SF +/- lower‑level space; Two (2) loading docks
