Industrial Buildings in Cumberland,
For Sale
$1,800,000
81 Macondray Street, Cumberland, RI 02864
Three industrial buildings totaling 16,100 SF for sale.
Property Size16,100 SF
Price / SF$111.80
Days on Market208
Property Features for 81 Macondray Street
General Information
Standard status
Active
Size
16,100 SF
Total Parking Spaces
20
Taxes and HOA fees
Annual Taxes
$5,415
Amenities
Golf
Building Details
Building Size
16,100 SF
Year Built
1970
Buildings
3
Listing Agency:
Coldwell Banker Realty
Listed By:
Matthew Pita · License #RES.0042385
(401) 226-3478
Source:
Evrealestate
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 19 at 4:19AM
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
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Investment Insights
Based on property information with market context.
The property features three buildings with a total area of approximately 16,100 square feet. The property is located in Cumberland, RI.
Key Highlights
- Three buildings totaling 16,100 SF +/- for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,018
Cap Rate
4.67%
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
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,018 @ 7.0% cap · market cap 4.67%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Three industrial buildings totaling 16,100 SF for sale.
Where is this industrial property 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: Three buildings totaling 16,100 SF +/- for sale.
