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    10 Lambert Ave Cumberland, RI 02864

    Sponsored
    For Sale
    $1,100,000

    Industrial Warehouse, 43,560 SF Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a prime industrial property located at 10 Lambert Avenue, Cumberland, Rhode Island. The property encompasses a substantial 43,560 square foot lot, featuring a 10,271 square foot warehouse building constructed in 1940. The warehouse boasts desirable features for industrial use, including ceiling heights of approximately 15-20 feet, providing ample vertical space for storage and operations. Six overhead doors ensure efficient loading and unloading capabilities. Furthermore, the property benefits from a recently updated electrical system, enhancing its functionality and reliability. Currently configured and leased as individual contractor units, this property offers immediate income potential. An additional benefit is the inclusion of a vacant 0.52-acre lot situated behind the main warehouse at 25 Beauregard Avenue. This expansive lot provides potential for future expansion or development. The property enjoys a strategic location with convenient access to major transportation arteries, including Routes I-295, 146, and I-95, facilitating seamless logistics and distribution. This property is ideal for investors seeking a well-located, income-producing industrial asset with significant upside potential. The asking price for this exceptional property is $1,100,000.

    Property Features for 10 Lambert Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1940
    Buildings
    1

    HighLights

    • Prime Cumberland, RI industrial property at 10 Lambert Avenue.
    • 43,560 SF lot with a 10,271 SF, 1940‑built warehouse.
    • 15‑20 ft. ceiling heights, six overhead doors, and a recently updated electrical system.
    • Currently leased, generating immediate income; includes a separate 0.52‑acre vacant lot at 25 Beauregard Avenue.
    • Excellent access to I‑295, 146, and I‑95.
    • Asking price: $1,100,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4444617
    Latitude
    41.9596274

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    FAQs

    What type of property is this?
    Distribution property - Industrial Warehouse, 43,560 SF Lot
    Where is this distribution property located?
    The property is located at 10 Lambert Ave Cumberland, RI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Prime Cumberland, RI industrial property at 10 Lambert Avenue.; 43,560 SF lot with a 10,271 SF, 1940-built warehouse.; 15-20 ft. ceiling heights, six overhead doors, and a recently updated electrical system.
    Request Owner's contact information
    10 Lambert Ave Cumberland, RI 02864
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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
    10 Lambert Ave Cumberland, RI 02864
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