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    Progress Way Tiverton, RI 02878

    For Lease
    $12 SF/Yr ($20,000 /Mo)

    New 2024 Manufacturing/Warehouse

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 20,000-square-foot industrial property, constructed in 2024, is ideally situated on a 6.042-acre lot in Tiverton, Rhode Island, zip code 02878. The building offers a single-tenant occupancy configuration, perfect for a business seeking ample space and privacy. The property's versatile design caters to various industrial needs, including manufacturing, warehousing, and distribution. Key features include high ceilings, a large overhead garage door, and a comprehensive sprinkler system, ensuring a safe and efficient operational environment. Ample on-site parking is available for employees and clients. The location in northern Tiverton provides convenient access to major transportation routes, making logistics and distribution seamless. This property presents a rare opportunity to secure a modern, well-equipped industrial space in a desirable Rhode Island location. The building's recent construction guarantees up-to-date infrastructure and energy-efficient systems, minimizing operational costs and maximizing productivity. The expansive land area offers potential for future expansion or outdoor storage, providing flexibility for growing businesses. This is a prime opportunity for businesses seeking a functional and strategically located industrial space.

    Property Features for 0 Progress Way

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    20000

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Size
    5,000 SF
    Rate per SF
    $12

    HighLights

    • 20,000‑square‑foot industrial building on a 6.04‑acre lot in Tiverton, RI (02878).
    • Single‑tenant occupancy.
    • Suitable for manufacturing, warehousing, and distribution.
    • Features high ceilings, a large overhead door, and a sprinkler system.
    • Ample on‑site parking.
    • Convenient access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.1765324
    Latitude
    41.6408482

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    FAQs

    What type of property is this?
    Distribution property - New 2024 Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at Progress Way Tiverton, RI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 20,000-square-foot industrial building on a 6.04-acre lot in Tiverton, RI (02878).; Single-tenant occupancy.; Suitable for manufacturing, warehousing, and distribution.
    Request Owner's contact information
    Progress Way Tiverton, RI 02878
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    Tiverton, RI 02878
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    Realmo Value Estimation

    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.

    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.

    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
    Progress Way Tiverton, RI 02878
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