Property profile

1 Albion Rd Lincoln, RI 02865

FOR LEASE
Industrial properties
Property ID
US76-0305066
285,678 SF 25 ac lot Built 1964
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents 40,116 square feet of vacant space within a larger, recently redeveloped (2020) commercial building totaling 280,982 square feet. Located in Providence County, Rhode Island, this single-tenant space boasts a superior location in the thriving northern Rhode Island market. The property sits on a substantial 25,964 square foot lot and offers convenient direct entry from the parking lot with pylon signage availability. The suite is in move-in condition, providing immediate occupancy for a new tenant. This prime location is surrounded by numerous amenities, enhancing its appeal and accessibility. The larger building offers tenants access to a comprehensive array of amenities, including a 9,000 square foot fitness center, a convenient grab-and-go café, a recreational game room, and even a golf simulator. The current primary lease on the building expires April 30, 2026, presenting a significant long-term investment opportunity. This space is ideal for a variety of retail uses and offers a unique combination of modern convenience and prime location. The expansive square footage allows for flexible layout options to suit diverse business needs. Don't miss this chance to secure a prominent retail presence in a highly desirable area.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Construction STEEL FRAME
Total area 285,678 SF
Lot 25 ac (1,089,000 SF)
Zoning code ML05
APN LINC M:28 L:041.0 U:
UPID US76-0305066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Electronics & Wireless Store
  • Telecommunications Service
  • Employment Agency
  • Advertising Agency Marketing & Advertising

Location

1 Albion Rd Lincoln, RI 02865
Lincoln metro Census 11500 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$22.94M
Comparable Approach Comparable
$11.66M
Blend (final) Blend
$17.55M

Owner & transaction history

since 2007
3 recorded transactions
2023
Price N/A
2010
Price N/A
2007
$15.8M

Zoning & alternative use

ML05 · Lincoln, RI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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