Warehouse for
81 Macondray Street Cumberland, RI 02864
81 Macondray Street, Cumberland, RI, 02864
$1,800,000
For Sale
$1,800,000
Warehouse property available for sale in Cumberland, Rhode Island.
Property Size16,100 SF
Price / SF$111.80
Days on Market20
Property Features for 81 Macondray Street
General Information
- Standard status
- Active
- Size
- 16,100 SF
Building Details
- Year Built
- 1970
Listing agency
(401) 226-3478
Listed by
Matthew Pita
(401) 226-3478
Source
Evrealestate
Added: Jul 2 Updated: Jul 21 at 12:04PM Checked: Jul 21 at 12:04PM
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 Matthew Pita
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale and includes 16,100 square feet of space.
The property is located in Cumberland, Rhode Island, within Providence County.
The offering is categorized as a warehouse and is presented as a commercial real estate asset.
The property is located in Cumberland, Rhode Island, within Providence County.
The offering is categorized as a warehouse and is presented as a commercial real estate asset.
Key Highlights
- Warehouse property for sale in Cumberland, Rhode Island
- Built in 1970
- Located in Providence County
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.8k | $7.50 |
| − Vacancy | −$725 | −$0.05 |
| EGI | $120.0k | $7.46 |
| − OpEx | −$18.0k | −$1.12 |
| NOI | $102.0k | $6.34 |
16,100 SF · lease $7.50/SF/yr · vacancy 0.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,022 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.83M
$3.35M – $4.47M
NOI $268,073 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Warehouse property available for sale in Cumberland, Rhode Island.
Where is this warehouse located?
The property is located at 81 Macondray Street Cumberland, RI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Warehouse property for sale in Cumberland, Rhode Island; Built in 1970; Located in Providence County
