Flex Industrial Unit with
B2-376 Dry Bridge Rd North Kingstown, RI 02852
B2-376 Dry Bridge Rd, North Kingstown, RI, 02852
$949,000
For Sale
$949,000
Unit B2 features a heated warehouse, two ground-level doors, and a built-out office with separate entrance and parking.
Property Size3,841 SF
Price / SF$247.07
Days on Market72
Property Features for B2-376 Dry Bridge Rd
General Information
- Standard status
- Active
- Size
- 3,841 SF
Listing agency
NE Real Estate Services
(401) 465-0417
Listed by
Michael Russo · License #REB.0017244
(401) 465-0417
Source
Exprealty
Added: May 13 Updated: Jul 22 at 12:35PM Checked: Jul 22 at 12:35PM
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 NE Real Estate Services
Investment Insights
Based on property information with market context.
Unit B2 at Dry Bridge Commerce Park is a functional flex-style industrial unit designed to combine operations and a public-facing office in the same building. The warehouse is heated and offers 20' clear span ceilings, along with two 12' x 14' ground level doors. The office area is 900+ SF and includes flexible workspace, a private office, a bath, central air, and a separate entrance with its own parking area. The unit also includes an 800+ SF lower workshop/manufacture area that is heated and cooled, with an additional bathroom.
Unit B2 offers 3-phase electric and handicap-accessible restrooms. Water, septic, exterior/grounds maintenance, and master insurance are included in the modest condo fee. Dry Bridge Commerce Park is located in North Kingstown, RI just moments from major routes and near Quonset/Port of Davisville, RI Airport, and South County.
For sale. Seller financing may be available; please contact the listing broker for details. Please do not visit the property without a confirmed appointment.
Unit B2 offers 3-phase electric and handicap-accessible restrooms. Water, septic, exterior/grounds maintenance, and master insurance are included in the modest condo fee. Dry Bridge Commerce Park is located in North Kingstown, RI just moments from major routes and near Quonset/Port of Davisville, RI Airport, and South County.
For sale. Seller financing may be available; please contact the listing broker for details. Please do not visit the property without a confirmed appointment.
Key Highlights
- Dry Bridge Commerce Park Unit B2: 2,000+ SF heated warehouse with 20' clear span ceilings
- Two 12' x 14' ground‑level doors for warehouse access
- Built‑out 900+ SF public‑facing office with separate entrance and parking area, plus central air
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 | $77.0k | $20.04 |
| − Vacancy | −$17.7k | −$4.61 |
| EGI | $59.3k | $15.43 |
| − OpEx | −$14.8k | −$3.86 |
| NOI | $44.5k | $11.57 |
3,841 SF · lease $20.04/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$635.0K
$555.7K – $740.9K
NOI $44,452 @ 7.0% cap · market cap 4.68%
Second Best
Flex RnD
$337.5K
$295.3K – $393.7K
NOI $23,623 @ 7.0% cap · market cap 2.49%
Theoretical Best
Healthcare Medical
$767.4K
$671.5K – $895.3K
NOI $53,720 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Unit B2 features a heated warehouse, two ground-level doors, and a built-out office with separate entrance and parking.
Where is this flex space located?
The property is located at B2-376 Dry Bridge Rd North Kingstown, RI.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Dry Bridge Commerce Park Unit B2: 2,000+ SF heated warehouse with 20' clear span ceilings; Two 12' x 14' ground‑level doors for warehouse access; Built‑out 900+ SF public‑facing office with separate entrance and parking area, plus central air
