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Property profile & analytics
FOR SALE
Industrial properties

115 Tripps Ln East Providence, RI 02915

225,458 SF 24.95 ac lot Built 1979
Entity Owned 5-yr Hold Free & Clear
Property ID
US76-0093072
Property summary
AI-generated overview

This exceptional East Providence, Rhode Island commercial property presents a significant investment opportunity. The single-story, 209,927-square-foot building sits on a substantial 24.95-acre lot and boasts a prime location with easy access to Route 114 and the East Shore Expressway, placing it within a short commute of Providence (5 miles) and Boston (55 miles). The property features a mix of office space (129,160 sq ft), data center space (63,789 sq ft), and cafeteria space (11,176 sq ft), making it suitable for a variety of uses. Ample parking is provided with 849 spaces (4.04 per 1,000 sq ft). Built in 1979, the structure is of steel construction with a poured concrete slab foundation, flat roof, and thermal windows. The building includes multiple loading docks, a 100% dry sprinkler system, and four Caterpillar generators (700kw, 1000kw, 1250kw, and 2000kw). The property is zoned I1 Limited Manufacturing. Furniture, fixtures, and equipment may be available. This well-maintained property offers a rare combination of size, location, and amenities, presenting a compelling opportunity for a discerning buyer.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 225,458 SF
Lot 24.95 ac (1,086,822 SF)
Zoning code I1
APN EPRO M:409 B:09 L:021 U:
UPID US76-0093072
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$18.10M
Comparable Approach Comparable
$13.46M
Blend (final) Blend
$15.07M
Owner & transaction history
CITIZENS SB FSB
CITIZENS SB FSB
Zoning & alternative use
I1 · Riverside, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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