Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    10 Lambert Ave Cumberland, RI 02864

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial Warehouse, 43,560 SF Lot

    Property Features for 10 Lambert Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1940
    Buildings
    1

    We can help!

    Listing Contact
    Michael Lefrancois
    Michael Lefrancois

    Listing Agency: Regal Commercial Real Estate Listing Agent: Michael Lefrancois

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

    Learn more

    Overview

    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 Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

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

    Nearby Similar for Sale

    • $1,300,000
      Pending

      Cumberland Commercial Property with Brewery

      Unique commercial property with successful brewery and expansion potential.
      10 Industrial Rd, Cumberland, RI 02864
      View Details
    • $650,000
      0.13 Acres

      Mixed-Use Property in Cumberland, RI

      Unique mixed-use property with commercial space and residential unit.
      1251 Mendon Rd, Cumberland, RI 02864
      View Details
    • $580,000
      Pending

      Cumberland Two-Family Home For Sale

      Two-family property with updated kitchen, hardwood floors, and convenient location.
      36 Dexter St, Cumberland, RI 02864
      View Details
    • $1,299,000
      0.96 Acres

      Cumberland Mixed-Use Building For Sale

      Remodeled mixed-use building on a high-traffic corner lot.
      4115 Mendon Rd, Cumberland, RI 02864
      View Details
    • Contact for pricing
      1,070 SF

      Medical Office Suite in Cumberland

      1,070 SF medical office suite in Cumberland, Rhode Island.
      175 Nate Whipple Hwy, Cumberland, RI 02864
      View Details
    • Contact for pricing
      0.13 Acres

      Versatile Commercial Space in Cumberland

      Adaptable commercial space in a desirable Cumberland location.
      1251 Mendon Rd, Cumberland, RI 02864
      View Details
    • $729,000
      0.24 Acres

      Mixed-Use 4-Unit Opportunity

      Mixed-use property with commercial and residential units in Cumberland, RI.
      2200 Diamond Hill Rd, Cumberland, RI 02864
      View Details
    • $645,000
      0.50 Acres

      Renovated Duplex in Cumberland Hill

      Newly renovated, fully occupied duplex in Cumberland, Rhode Island.
      20 Mount Pleasant View Ave, Cumberland, RI 02864
      View Details
    • Contact for pricing
      0.70 Acres

      Cumberland Office Space For Sale

      800 sq ft office space on Mendon Road.
      1390 Mendon Rd, Cumberland, RI 02864
      View Details
    • $999,999

      Turnkey Mixed-Use Property For Sale

      Mixed-use property with bar/restaurant and two residential units.
      422 High St, Cumberland, RI 02864
      View Details
    • Contact for pricing
      16,100 SF

      Cumberland Industrial Trio

      Three buildings, 16,100 SF, ideal owner-user.
      81 Macondray St, Cumberland, RI 02864
      View Details
    • $599,999
      3,250 SF

      Cumberland Multi-Unit Commercial Property

      Prime Multi-Building Investment Opportunity in RI
      417 Broad St, Cumberland, RI 02864
      View Details

    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.
    (401) 626-6619 Call to check price and availability
    Request Owner's contact information
    10 Lambert Ave Cumberland, RI 02864
    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.
    10 Lambert Ave
    Cumberland, RI 02864
    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
    10 Lambert Ave Cumberland, RI 02864
    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 Michael Lefrancois
    Michael Lefrancois
    (401) 626-6619
    Learn more
    Google sign-in failed. Please try again or use another login method.