Bright Corner Flex
A-37 Lark Industrial Pkwy Greenville, RI 02828
A-37 Lark Industrial Pkwy, Greenville, RI, 02828
$395,000
For Sale
$395,000
Bright corner unit with a 10-ft garage door plus a separate 400 sf office suite with its own entrance.
Property Size2,500 SF
Price / SF$158
Days on Market35
Property Features for A-37 Lark Industrial Pkwy
General Information
- Standard status
- Active
- Size
- 2,500 SF
Listing agency
Acumen Group
(401) 413-5235
Listed by
Matthew Goudreau
(401) 413-5235
Source
Exprealty
Added: Jun 18 Updated: Jul 21 at 12:04AM Checked: Jul 21 at 11:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Acumen Group
Investment Insights
Based on property information with market context.
This bright corner flex warehouse includes 2,500 total square feet, featuring an additional 400 sf office with its own entrance, full bath, and HVAC. The unit has a full kitchen, ceramic tiled flooring, and marble bathrooms, along with a second floor. Daylighting and access are supported by eight windows and two glass doors, plus a single 10-ft garage door.
The main area is served by a brand new Trane rooftop HVAC unit, with ducting and circulation designed for the space. The building also has 3-phase electrical service, heavily insulated masonry walls with a Styrofoam insert, and features intended to keep heating and cooling economical. The roof has also been renewed, and the sale is contingent on owner financing terms.
The main area is served by a brand new Trane rooftop HVAC unit, with ducting and circulation designed for the space. The building also has 3-phase electrical service, heavily insulated masonry walls with a Styrofoam insert, and features intended to keep heating and cooling economical. The roof has also been renewed, and the sale is contingent on owner financing terms.
Key Highlights
- About 2,500 SF total, including a 400 SF office suite with its own entrance, full bath, and HVAC
- Bright corner unit with eastern and southern exposure
- 10‑ft garage door, 8 windows, and two glass doors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.1k | $20.04 |
| − Vacancy | −$7.0k | −$2.81 |
| EGI | $43.1k | $17.23 |
| − OpEx | −$10.8k | −$4.31 |
| NOI | $32.3k | $12.93 |
2,500 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$461.6K
$403.9K – $538.6K
NOI $32,315 @ 7.0% cap · market cap 8.18%
Second Best
Warehouse
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 4.01%
Theoretical Best
Multifamily LT 5
$594.7K
$520.3K – $693.8K
NOI $41,626 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Bright corner unit with a 10-ft garage door plus a separate 400 sf office suite with its own entrance.
Where is this flex space located?
The property is located at A-37 Lark Industrial Pkwy Greenville, RI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: About 2,500 SF total, including a 400 SF office suite with its own entrance, full bath, and HVAC; Bright corner unit with eastern and southern exposure; 10‑ft garage door, 8 windows, and two glass doors
