Central Falls Industrial/Warehouse
For Sale
$494,999
70 Conduit, Central Falls, RI 02865
Two-level industrial/warehouse building on 1.01-acre lot with development potential.
Property Size8,704 SF
Lot Size1.01 Acres
Price / SF$56.87
Days on Market145
Property Features for 70 Conduit
General Information
Standard status
Active
Size
8,704 SF
Lot size
1.01 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$70
Amenities
Forced Air Heating
Gas Heating
Space Heater Heating
Building Details
Year Built
1800
Listing Agency:
EXP REALTY
(888) 315-3445
Listed By:
MARIA SANTOS
Source:
Corcoran
Added: Apr 2
Changed: Aug 16
Last Checked: Aug 24 at 7:57AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This property presents an investor and developer opportunity with potential seller financing. It features an 8,704 square foot two-level industrial/warehouse building situated on an approximately 1.01-acre (44,159 square foot) M-1 zoned lot. The property offers potential for expansion, redevelopment, or owner-user use. It is ideally suited for a storage business, contractor storage, light industrial, or warehouse operations. The building includes truck loading doors on both levels and on-site parking. Public utilities are available. Convenient access to I-95 is provided. The roof was replaced less than 2 years ago. The property is strategically located in Central Falls near the Lincoln line. There is a potential development opportunity for a 20-unit apartment project, subject to zoning approval and all required municipal permits. The property is sold as-is.
Key Highlights
- Large 1.01‑acre M‑1 zoned lot with potential for expansion or redevelopment.
- Seller financing available, creating an attractive opportunity for investors and developers.
- 8,704 SF two‑level industrial/warehouse building suitable for various uses.
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
$45,422
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
9.18%
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%
$908,440
$908.4K
Cap Rate 7%
$648,886
$648.9K
Cap Rate 9%
$504,689
$504.7K
Market Conditions
NOI Build-Up for 8,704 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
$65.3K $7.50/SF
− Vacancy
−$392 −$0.05/SF
EGI
$64.9K $7.46/SF
− OpEx
−$19.5K −$2.24/SF
NOI
$45.4K $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 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%
$908,440
Cap Rate 7%
$648,886
Cap Rate 9%
$504,689
Alternative Uses
Best Use
Warehouse
$787.9K
$689.4K – $919.3K
NOI $55,155 @ 7.0% cap · market cap 11.14%
Second Best
Flex RnD
$768.8K
$672.7K – $896.9K
NOI $53,814 @ 7.0% cap · market cap 10.87%
Theoretical Best
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $144,926 @ 7.0% cap · market cap 29.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02865, RI
17,902
Population
7,079
Households
2.5
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
16.5 sq mi
ZIP Area
1,085
Density / Sq Mi
$117,042
Median Household Income
$59,949
Median Earnings
$1,206
Median Rent
$427,700
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
- Store Space Self Storage — 817 Dexter St, Central Falls, RI 02863
- Storage America - Lincoln, RI — 100 Higginson Ave, Lincoln, RI 02865
- Green Monstah Recycling — 48 Conduit St, Lincoln, RI 02865
Frequently Asked Questions
What type of property is this?
Warehouse - Two-level industrial/warehouse building on 1.01-acre lot with development potential.
Where is this warehouse located?
The property is located at 70 Conduit Central Falls, RI.
What is the asking price?
The asking price for this property is $494,999.
What are key features of this property?
This property features: Large 1.01‑acre M‑1 zoned lot with potential for expansion or redevelopment.; Seller financing available, creating an attractive opportunity for investors and developers.; 8,704 SF two‑level industrial/warehouse building suitable for various uses.
