Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Comstock Pkwy Cranston, RI 02921

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern RI warehouse, flexible space options

    Lot size:
    70,000 SF

    Property Features for 0 Comstock Pkwy

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,000 SF

    Spaces For Lease

    at 0 Comstock Pkwy, Cranston, RI 02921 Contact us
    Unit Phase One | Comstock Parkway

    $13 /Mo

    Size
    70,000 SF
    Contact us

    We can help!

    Listing Contact
    Thomas Sweeney
    Thomas Sweeney

    Listing Agency: Sweeney Real Estate &Appraisal Listing Agent: Thomas Sweeney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Comstock Parkway Industrial Center offers exceptional industrial space in Cranston, Rhode Island. This fully approved, two-building development, situated within Western Cranston Industrial Park, provides convenient access to I-295 via newly improved exit 6 and the rebuilt Route 6/Route 10 connector. Phase 1, a 50,000 to 70,000 square foot building, is nearing completion with a Q1 2025 delivery date. This building is divisible into 10,000+ square foot units, offering flexibility for various business needs. Features include twelve loading docks, one drive-in door per tenant, 50' x 50' column spacing (typical) with a 60' speed bay, 60 vehicle parking spaces, on-site trailer parking, and a 32' clear height. The building boasts a 7" reinforced floor slab and ample industrial-grade utilities, including gas, electric, water, and sewer, with 2000 AMP, 3-phase, 227/480V power. The 17.31-acre site is zoned Light Industrial (M-1). Phase 2, a 200,000 square foot building, will commence as a build-to-suit project or begin construction in Q1 2025 for a late 2025 delivery. The property's location benefits from proximity to a newly constructed Seasons trucking gas station with high-speed diesel and DEF pumps. This prime location offers businesses easy access to Providence and surrounding areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Map

    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5161849
    Latitude
    41.7885794

    Nearby Similar for Lease

    • Contact for pricing
      6,138 SF

      Cranston Office Space Available

      6,138 sqft office space for rent in Cranston, RI.
      2000 Chapel View Blvd, Cranston, RI 02920
      View Details
    • $0.72 SF/Yr

      Retail Space with Loading Dock

      Centrally located retail space featuring a loading dock and private bathroom.
      1296 Park Ave, Cranston, RI 02910
      View Details
    • Contact for pricing
      7,650 SF

      Retail Space Near I-95

      Retail property located on a busy section of Reservoir Avenue.
      460 Reservoir Ave, Cranston, RI 02910
      View Details
    • Contact for pricing
      2,600 SF

      Freestanding Building with Drive Thru

      2,600 SF freestanding building with drive-thru and dedicated parking.
      1750 Broad St, Cranston, RI
      View Details
    • Contact for pricing
      1,296 SF

      Retail Space Near Atwood Avenue

      Retail space available in a high-traffic Cranston location.
      255 Atwood Ave, Cranston, RI 02920
      View Details
    • Contact for pricing
      3,800 SF

      Spacious Retail Space on Park Avenue

      First floor retail space with high visibility and ample parking.
      684 Park Ave, Cranston, RI 02910
      View Details
    • Contact for pricing
      2,285 SF

      Office Space in Chapel View

      Office space for rent in Cranston, Rhode Island.
      1000 Chapel View Blvd, Cranston, RI 02920
      View Details
    • Contact for pricing
      6,180 SF

      Cranston Medical Office Space

      Medical office space available for rent in Cranston, Rhode Island.
      75 Sockanosset Cross Rd, Cranston, RI 02920
      View Details
    • Contact for pricing
      2,857 SF

      Office Space in Chapel View

      Office space for rent in a convenient Cranston location.
      4-30 Chapel View Blvd, Cranston, RI 02920
      View Details
    • Contact for pricing
      10,570 SF

      Retail Space on Park Avenue

      Freestanding retail building with high visibility and ample parking.
      1010 Park Ave, Cranston, RI 02910
      View Details
    • Contact for pricing
      1,529 SF

      Cranston Office Space For Lease

      Multi-tenanted office building, ideal for medical or general office use.
      35 Sockanosset Cross Rd, Cranston, RI 02920
      View Details
    • Contact for pricing
      2,087 SF

      Class A Office Space Available

      Multi-tenant office building with suites available for rent.
      1140 Reservoir Ave, Cranston, RI 02920
      View Details

    FAQs

    What type of property is this?
    Life science property - Modern RI warehouse, flexible space options
    Where is this life science property located?
    The property is located at Comstock Pkwy Cranston, RI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    (401) 331-9300 Call to check price and availability
    Request Owner's contact information
    Comstock Pkwy Cranston, RI 02921
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Comstock Pkwy
    Cranston, RI 02921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Comstock Pkwy Cranston, RI 02921
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Sweeney
    Thomas Sweeney
    (401) 331-9300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!