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Property profile & analytics
FOR LEASE
Industrial properties

1 Albion Rd Lincoln, RI 02865

285,678 SF 25 ac lot Built 1964
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US76-0305066
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • UNFI Corporate Office
  • Vicor Rhode Island (Previously Picor Corporation) Electronics & Wireless Store
  • Granite Telecommunications Telecommunications Service
  • Complete Staffing Solutions, Inc. Employment Agency
  • ATX International Inc Advertising Agency Marketing & Advertising
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
Albion Crossing LLC · 19 yrs held
Albion Crossing LLC
since 2007
3 recorded transactions
2023
Price N/A
2010
Price N/A
2007
$15.8M
Zoning & alternative use
ML05 · Lincoln, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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