Industrial Buildings in Cumberland,
81 Macondray St Cumberland, RI 02864
81 Macondray St, Cumberland, RI, 02864
Contact for pricing
For Sale
Contact for pricing
Three industrial buildings totaling 16,100 SF for sale.
Property Size16,100 SF
Price / SF$124.22
Days on Market658
Property Features for 81 Macondray St
General Information
- Standard status
- Active
- Size
- 16,100 SF
- Property subtype
- Industrial
Listing agency
The Stubblebine Company
Listed by
Stephen Flynn · License #9586347
Source
Crexi
Added: Oct 3, 2024 Updated: Jul 6 at 8:16AM Checked: Jul 21 at 9:53AM
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 The Stubblebine Company
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.
Local Financial Insights For Industrial
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 | −$36.0k | −$2.24 |
| NOI | $84.0k | $5.22 |
16,100 SF · lease $7.50/SF/yr · vacancy 0.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,018 @ 7.0% cap · market cap 4.20%
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 13.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
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 St Cumberland, RI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Three buildings totaling 16,100 SF +/- for sale.
