Multi-Building Industrial
For Sale
Contact for pricing
830 Cumberland Hill Rd, Woonsocket, RI 02895
Three warehouse buildings with covered canopy, paved parking, and expansion space on 2.27 acres near Routes 99, 146, and 295.
Property Size13,154 SF
Lot Size2.27 Acres
Price / SF$144.44
Days on Market53
Property Features for 830 Cumberland Hill Rd
General Information
Standard status
Active
Size
13,154 SF
Lot size
2.27 Acres
Property subtype
LAND
Additional Details
Highway Access
Yes
Listing Agency:
MG Commercial
(401) 439-9091
Listed By:
Julie Freshman · License ##0040525
(401) 439-9091
Source:
Moodyscre
Added: Jun 16
Changed: Jul 10
Last Checked: Jul 21 at 8:37AM
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 MG Commercial
Investment Insights
Based on property information with market context.
The offering includes three industrial buildings totaling 13,154 SF, along with a covered canopy structure measuring 6,000 SF. The property also features paved parking and exterior storage areas, supporting day-to-day loading and staging needs for a range of light industrial and storage users. In addition, there is on-site expansion potential, allowing the next operator or owner to plan future growth within the existing footprint.
The site is positioned in a high-visibility location with close proximity to Routes 99, 146, and 295, which can help improve accessibility for employees, deliveries, and service traffic. The combination of multiple buildings and open exterior areas can be useful for tenants looking to separate functions such as receiving, warehouse storage, and office or support activities, as appropriate.
For buyers and operators, the multi-building layout plus covered canopy can accommodate varied operational needs without requiring a single, fixed configuration. The presence of paved parking and exterior storage areas supports practical logistics on-site, while the stated on-site expansion potential provides flexibility for future changes. This is a sale offering suitable for industrial and warehousing users seeking a buildable, multi-structure property with an outdoor logistics component.
The site is positioned in a high-visibility location with close proximity to Routes 99, 146, and 295, which can help improve accessibility for employees, deliveries, and service traffic. The combination of multiple buildings and open exterior areas can be useful for tenants looking to separate functions such as receiving, warehouse storage, and office or support activities, as appropriate.
For buyers and operators, the multi-building layout plus covered canopy can accommodate varied operational needs without requiring a single, fixed configuration. The presence of paved parking and exterior storage areas supports practical logistics on-site, while the stated on-site expansion potential provides flexibility for future changes. This is a sale offering suitable for industrial and warehousing users seeking a buildable, multi-structure property with an outdoor logistics component.
Key Highlights
- Three warehouse buildings totaling 13,154 SF
- Covered canopy structure totaling 6,000 SF
- 2.27 acres with paved parking and exterior storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,080
$1.7M
Cap Rate 7%
$1,190,771
$1.2M
Cap Rate 9%
$926,156
$926.2K
Market Conditions
NOI Build-Up for 13,154 SF
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.
Gross rent
$98.7K $7.50/SF
− Vacancy
−$592 −$0.05/SF
EGI
$98.1K $7.46/SF
− OpEx
−$14.7K −$1.12/SF
NOI
$83.4K $6.34/SF
Area
Providence County, RI
Vacancy
0.60%
Lease Rate
$7.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,080
Cap Rate 7%
$1,190,771
Cap Rate 9%
$926,156
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,354 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.13M
$2.74M – $3.65M
NOI $219,020 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Three warehouse buildings with covered canopy, paved parking, and expansion space on 2.27 acres near Routes 99, 146, and 295.
Where is this warehouse located?
The property is located at 830 Cumberland Hill Rd Woonsocket, RI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three warehouse buildings totaling 13,154 SF; Covered canopy structure totaling 6,000 SF; 2.27 acres with paved parking and exterior storage areas
