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    Wilbur Rd Lincoln, RI 02865

    Sponsored
    For Sale
    $89,000

    Prime RI Business Land, $89K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional opportunity presents 0 Wilbur Road in Lincoln, Rhode Island, a vacant commercial land parcel priced at $89,000. The property is zoned for commercial and warehouse use, offering significant potential for development. Located in Providence County, with a 02865 zip code, this land presents a blank canvas for various commercial ventures. The site boasts a convenient location within Lincoln, RI, offering easy access to major transportation routes and local amenities. While the lot size is currently listed as 0 square feet, this requires further clarification and verification. This is an ideal investment for entrepreneurs seeking to establish a new business or for existing companies looking to expand their operations. The property's versatility makes it suitable for a wide range of commercial uses, including but not limited to warehousing, light industrial, or retail. The absence of existing buildings allows for complete customization to meet specific business needs. This is a rare opportunity to acquire land in a desirable location at an attractive price point. Serious inquiries are encouraged to explore the potential of this unique property. Further details regarding the exact lot size and zoning regulations are available upon request.

    Property Features for 0 Wilbur Rd

    General Information

    Property type
    Distribution properties

    HighLights

    • Vacant commercial land parcel in Lincoln, RI, priced at $89,000.
    • Zoned for commercial and warehouse use.
    • Located in Providence County, zip code 02865, with convenient access to transportation routes and amenities.
    • Lot size requires verification.
    • Ideal for new business establishment or expansion of existing operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.452788
    Latitude
    41.9290193

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    FAQs

    What type of property is this?
    Distribution property - Prime RI Business Land, $89K
    Where is this distribution property located?
    The property is located at Wilbur Rd Lincoln, RI.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Vacant commercial land parcel in Lincoln, RI, priced at $89,000.; Zoned for commercial and warehouse use.; Located in Providence County, zip code 02865, with convenient access to transportation routes and amenities.
    Request Owner's contact information
    Wilbur Rd Lincoln, RI 02865
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    Lincoln, RI 02865
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    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
    Wilbur Rd Lincoln, RI 02865
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