66 Libera St, Cranston, RI 02920

Building Details

Construction concrete block More

Listing Agency: MG Commercial Show Phone

Listed By: George Paskalis, SIOR · License RI #0040525 Show Phone

Source: Moodyscre

Added: Jun 16 Changed: Nov 7 Last Checked: Nov 12 at 8:32AM

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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.

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 / Yr

$82,517

Cap Rate

8.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,650,340 $1.7M

Cap Rate 7%

$1,178,814 $1.2M

Cap Rate 9%

$916,856 $916.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,022 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $216,823 @ 7.0% cap · market cap 21.79%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rhode Island Bead ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Dental Office Restaurant Big Box & Wholesale Store

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

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

Average Price Trend$/SF for Warehouses in Providence County, RI

$98.34 Jul

$123 Aug

$109 Sep

$113 Oct

Properties on Market for Warehouses in Providence County

Jul

Aug

Sep

Oct

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

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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