Warehouse with Automotive
73 Julian Street, Providence, RI 02908
For Sale
Contact for pricing
Two distinct work areas include vehicle lifts, elevated storage, and dedicated heating and cooling.
Property Size3,320 SF
Price / SF$0.90
Days on Market53
Property Features for 73 Julian Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Gold Door Realty
(401) 343-7007
Listed By:
The Sarji Team
(401) 343-7002
Source:
Lockandkeyre
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 7:08AM
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 Gold Door Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,320-square-foot warehouse, built in 1950, is divided into two garage and warehouse areas. Three overhead doors serve the space, which has multiple automotive lifts and raised storage accessible by lift. Additional features include an air compressor, bathroom, utility sink, mini-split heating and cooling, and separate 100-amp electrical panels.
Key Highlights
- 3,320‑square‑foot warehouse built in 1950
- Two separate garage and warehouse sections
- Three overhead doors and multiple automotive lifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,607
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,140
$732.1K
Cap Rate 7%
$522,957
$523.0K
Cap Rate 9%
$406,744
$406.7K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$45.8K $13.80/SF
− Vacancy
−$2.7K −$0.83/SF
EGI
$43.1K $12.97/SF
− OpEx
−$6.5K −$1.95/SF
NOI
$36.6K $11.03/SF
Area
Providence, RI
Vacancy
6.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,140
Cap Rate 7%
$522,957
Cap Rate 9%
$406,744
Alternative Uses
Best Use
Warehouse
$523.0K
$457.6K – $610.1K
NOI $36,607 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.9K – $1.30M
NOI $77,750 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Providence County, RI
Properties on Market for Warehouses in Providence County
Vacancy Rate% for Industrial in Providence, RI
Similar Off Market Nearby
- Patriot State Storage — 204 Hartford Ave, Providence, RI 02909
- Salmon Storage Facility — 90 Salmon St 1st floor, Providence, RI 02909
- Near Perfect Self Storage Units — 423 Atwells Ave, Providence, RI 02909
- Life Storage - Providence — 345 Harris Ave, Providence, RI 02909
- Correira Brothers' Moving & Storage — 85 Academy Ave, Providence, RI 02908
Frequently Asked Questions
What type of property is this?
Warehouse - Two distinct work areas include vehicle lifts, elevated storage, and dedicated heating and cooling.
Where is this warehouse located?
The property is located at 73 Julian Street Providence, RI.
What are key features of this property?
This property features: 3,320‑square‑foot warehouse built in 1950; Two separate garage and warehouse sections; Three overhead doors and multiple automotive lifts
