Heated Warehouse Flex
J2-376 Dry Bridge Rd North Kingstown, RI 02852
J2-376 Dry Bridge Rd, North Kingstown, RI, 02852
$599,000
For Sale
$599,000
Heated warehouse unit with office-ready front facade, 20' clear span ceilings, and loading access for light industrial use.
Property Size2,500 SF
Price / SF$239.60
Days on Market77
Property Features for J2-376 Dry Bridge Rd
General Information
- Standard status
- Active
- Size
- 2,500 SF
Listing Agency
RI Real Estate Services
(401) 465-0417
Listed by
Michael Russo · License #REB.0017244
(401) 465-0417
Source
Exprealty
Added: May 5 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 5:33 am
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 RI Real Estate Services
Investment Insights
Based on property information with market context.
This flex-style industrial unit includes a 2,500 SF heated warehouse with 20' clear span ceilings and ground-level access via a 12'x14' door. Warehouse loading is supported by a shared 10'x10' truck-level loading dock, and the unit also includes three-phase electric, a restroom, and a front facade with four bright windows that could support an office buildout. A condo structure applies, with water, septic, exterior and grounds maintenance, and master insurance included in the monthly condo fee.
Located in Dry Bridge Commerce Park in North Kingstown, Rhode Island, the property is positioned just moments from major routes and within practical reach of Quonset/Port of Davisville, the RI Airport, Newport, and South County. The park is described as clean and meticulously maintained, and the offering includes ample employee parking. The configuration is also intended to accommodate larger trucks.
Unit J2 can work well for businesses that want a single location to operate in the back and present an improved front appearance. With heated warehouse space, loading access, and office-ready frontage, it offers a straightforward setup for light industrial and research and development users seeking a functional, well-maintained environment. Please contact the listing broker for details and to schedule an appointment; do not visit without confirmation.
Located in Dry Bridge Commerce Park in North Kingstown, Rhode Island, the property is positioned just moments from major routes and within practical reach of Quonset/Port of Davisville, the RI Airport, Newport, and South County. The park is described as clean and meticulously maintained, and the offering includes ample employee parking. The configuration is also intended to accommodate larger trucks.
Unit J2 can work well for businesses that want a single location to operate in the back and present an improved front appearance. With heated warehouse space, loading access, and office-ready frontage, it offers a straightforward setup for light industrial and research and development users seeking a functional, well-maintained environment. Please contact the listing broker for details and to schedule an appointment; do not visit without confirmation.
Key Highlights
- Unit J2 offers a 2,500 SF heated warehouse with 20' clear span ceilings
- Includes 12' x 14' ground level doors and shared 10' x 10' truck level loading dock access
- Office‑ready front facade with 4 bright windows for potential front‑office buildout
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 | −$11.5k | −$4.61 |
| EGI | $38.6k | $15.43 |
| − OpEx | −$9.6k | −$3.86 |
| NOI | $28.9k | $11.57 |
2,500 SF · lease $20.04/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.3K
$361.7K – $482.2K
NOI $28,933 @ 7.0% cap · market cap 4.83%
Second Best
Flex RnD
$219.7K
$192.2K – $256.3K
NOI $15,376 @ 7.0% cap · market cap 2.57%
Theoretical Best
Healthcare Medical
$499.5K
$437.1K – $582.8K
NOI $34,965 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Pleasant Street Wharf Boat Storage — 260 Dry Bridge Rd, North Kingstown, RI 02852
- MGM Express Movers — 376 dry bridge rd, north kingstown, ri 02852
FAQs
What type of property is this?
Warehouse - Heated warehouse unit with office-ready front facade, 20' clear span ceilings, and loading access for light industrial use.
Where is this warehouse located?
The property is located at J2-376 Dry Bridge Rd North Kingstown, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Unit J2 offers a 2,500 SF heated warehouse with 20' clear span ceilings; Includes 12' x 14' ground level doors and shared 10' x 10' truck level loading dock access; Office‑ready front facade with 4 bright windows for potential front‑office buildout
