10 Lambert Ave Cumberland, RI 02864
This exceptional investment opportunity presents a 10,271-square-foot warehouse situated on a 1.1-acre lot in Cumberland, Rhode Island. The property, built in 1940, features a two-story building with six dock-high doors, and ceiling heights ranging from 15 to 20 feet. Currently configured as five separate contractor units, this versatile space offers significant potential for various uses. The building boasts a recently updated electrical system. The property's zoning is R1-Residential, though its current use is industrial. Conveniently located, it offers easy access to major roadways including I-295, Route 146, and I-95. Priced at $1,100,000 ($107.10/sq ft and $220,000/unit), this owner-user opportunity is ideal for businesses seeking a well-maintained warehouse with ample space and excellent accessibility. The property's strong location and existing infrastructure make it a compelling investment prospect. The building's size and layout provide flexibility for a variety of industrial or potentially adaptive reuse scenarios. This is a rare chance to acquire a substantial warehouse in a desirable Rhode Island location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.