Light Manufacturing Office
For Sale
$1,690,000
901 Waterman Avenue, East Providence, RI 02914
Brick and masonry building offering light manufacturing and air-conditioned office space with interior loading.
Property Size18,200 SF
Days on Market199
Property Features for 901 Waterman Avenue
General Information
Standard status
Active
Size
18,200 SF
Property subtype
Industrial
Building Details
Building Size
18,200 SF
Year Built
1950
Listing Agency:
MG Commercial
Listed By:
George Paskalis, SIOR · License #RI #0040525
(401) 374-7038
Source:
Mgcommercial
Added: Apr 10
Changed: Oct 19
Last Checked: Oct 24 at 2:04PM
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 MG Commercial
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Investment Insights
Based on property information with market context.
The property is a brick and masonry facility totaling 18,200 square feet, designed to combine light manufacturing space with office accommodations. It includes interior loading, ample power, and air-conditioned office areas.
The site spans 1.18 acres and is well-suited for users seeking on-site manufacturing and office in a single building configuration.
This offering includes both functional manufacturing support and dedicated climate-controlled office space, with loading capability located interior to the building.
The site spans 1.18 acres and is well-suited for users seeking on-site manufacturing and office in a single building configuration.
This offering includes both functional manufacturing support and dedicated climate-controlled office space, with loading capability located interior to the building.
Key Highlights
- 18,200 SF brick and masonry building with light manufacturing and office space
- Set on 1.18 acres
- Interior loading for manufacturing operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,977
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,540
$1.9M
Cap Rate 7%
$1,356,814
$1.4M
Cap Rate 9%
$1,055,300
$1.1M
Market Conditions
NOI Build-Up for 18,200 SF
Gross rent
$136.5K $7.50/SF
− Vacancy
−$819 −$0.05/SF
EGI
$135.7K $7.46/SF
− OpEx
−$40.7K −$2.24/SF
NOI
$95.0K $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%
$1,899,540
Cap Rate 7%
$1,356,814
Cap Rate 9%
$1,055,300
Alternative Uses
Best Use
Industrial
$1.36M
$1.19M – $1.58M
NOI $94,977 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.33M
$3.79M – $5.05M
NOI $303,039 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Brick and masonry building offering light manufacturing and air-conditioned office space with interior loading.
Where is this manufacturing property located?
The property is located at 901 Waterman Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 18,200 SF brick and masonry building with light manufacturing and office space; Set on 1.18 acres; Interior loading for manufacturing operations
