Flex Space with Fenced
81-95 Macondray St, Cumberland, RI 02864
For Sale
Contact for pricing
Multiple drive-in doors, office space, and substantial electrical capacity support a range of commercial operations.
Property Size16,100 SF
Price / SF$1.00
Days on Market53
Property Features for 81-95 Macondray St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Building Details
Buildings
Listing Agency:
Coldwell Banker Realty | Providence
(401) 351-2017
Listed By:
Matt Pita · License RI RES.0042385
(401) 226-3478
Source:
Moodyscre
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 12 at 9:37AM
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 Coldwell Banker Realty | Providence
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The flex property at 81, 93, and 95 Macondray Street in Cumberland comprises 16,100 square feet of space on just under an acre. Each building has drive-in doors, and the property also includes multiple overhead doors, dedicated office space, and fenced parking. Electrical capacity is described as extensive.
The site offers highway access. The fenced area can accommodate parking, equipment, inventory, or outdoor storage.
The site offers highway access. The fenced area can accommodate parking, equipment, inventory, or outdoor storage.
Key Highlights
- 16,100 square feet of space on just under an acre
- Drive‑in doors at all buildings
- Multiple overhead doors and dedicated office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,018
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,360
$1.7M
Cap Rate 7%
$1,200,257
$1.2M
Cap Rate 9%
$933,533
$933.5K
Market Conditions
NOI Build-Up for 16,100 SF
Gross rent
$120.8K $7.50/SF
− Vacancy
−$725 −$0.05/SF
EGI
$120.0K $7.46/SF
− OpEx
−$36.0K −$2.24/SF
NOI
$84.0K $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 Rate 5%
$1,680,360
Cap Rate 7%
$1,200,257
Cap Rate 9%
$933,533
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,022 @ 7.0% cap
Second Best
Flex RnD
$1.42M
$1.24M – $1.66M
NOI $99,541 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$3.83M
$3.35M – $4.47M
NOI $268,073 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02864, RI
36,376
Population
14,735
Households
2.5
Avg Household Size
43
Median Age
43%
College-Educated
92%
High-School Grad
26.5 sq mi
ZIP Area
1,373
Density / Sq Mi
$118,737
Median Household Income
$62,041
Median Earnings
$1,251
Median Rent
$394,800
Median Home Value
Market
Average Price Trend$/SF for Flex space in Providence County, RI
Properties on Market for Flex space in Providence County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Las quesudas colombianas — 1075 High St, Central Falls, RI 02863
Frequently Asked Questions
What type of property is this?
Flex space - Multiple drive-in doors, office space, and substantial electrical capacity support a range of commercial operations.
Where is this flex space located?
The property is located at 81-95 Macondray St Cumberland, RI.
What are key features of this property?
This property features: 16,100 square feet of space on just under an acre; Drive‑in doors at all buildings; Multiple overhead doors and dedicated office space
