Listing Agency: MG Commercial Show Phone

Listed By: Whitney Rugg · License ##RES.0049709 Show Phone

Source: Moodyscre

Added: Oct 31, 2025 Changed: Oct 25 Last Checked: Oct 30 at 6:09PM

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Investment Insights

Based on property information with market context.

Tupelo Cove is a 2014-built commercial and tradesman park consisting of two 15,000 SF buildings. Units are designed for flexible use and each includes a drive-in door, with separate utility metering for gas and electricity. The park is described as modern and meticulously maintained.

Currently available are a 1,500 SF unit with one drive-in door and a 6,000 SF unit with four drive-in doors. Each unit is separately metered for gas and electricity, and the electrical service is listed as 3 phase, 120/208V.

The property is located in Bristol, Rhode Island between Route 114 and Route 136, adjacent to the Bristol Industrial Park. Access to the East Bay and proximity to Aquidneck Island are noted in the remarks.

Key Highlights

• 2014‑built commercial/tradesman park with two 15,000 SF buildings (flex/warehouse space)
• Available unit: 1,500 SF with one drive‑in door
• Available unit: 6,000 SF with four drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,519

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,610,380 $1.6M

Cap Rate 7%

$1,150,271 $1.2M

Cap Rate 9%

$894,656 $894.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$133.2K $22.20/SF

− Vacancy

−$9.3K −$1.55/SF

EGI

$123.9K $20.65/SF

− OpEx

−$43.4K −$7.23/SF

NOI

$80.5K $13.42/SF

Area

Bristol County, RI

Vacancy

7.00%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,610,380

Cap Rate 7%

$1,150,271

Cap Rate 9%

$894,656

Alternative Uses

Best Use

Flex RnD

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,519 @ 7.0% cap · market cap 5.96%

Second Best

Industrial

$847.8K

$741.8K – $989.1K (±1% cap)

NOI $59,346 @ 7.0% cap · market cap 4.40%

Theoretical Best

Office A

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,513 @ 7.0% cap · market cap 10.41%

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

Oxford Plastics USA Factory Langerman Design Marketing & Advertising Kinder Industries Inc Textile Manufacturer Carbon Ocean Yachts Corporate Office Coastal Kitchens Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Building Supply Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

257

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02809, RI

22,493

Population

9,670

Households

2.3

Avg Household Size

44

Median Age

46%

College-Educated

92%

High-School Grad

9.8 sq mi

ZIP Area

2,295

Density / Sq Mi

$96,005

Median Household Income

$41,266

Median Earnings

$1,352

Median Rent

$447,500

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

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Frequently Asked Questions

What type of property is this?

Flex space - 2014-built flex/warehouse units feature drive-in doors and are separately metered for gas and electricity.

Where is this flex space located?

The property is located at 75 Tupelo St Bristol, RI.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 2014‑built commercial/tradesman park with two 15,000 SF buildings (flex/warehouse space); Available unit: 1,500 SF with one drive‑in door; Available unit: 6,000 SF with four drive‑in doors