Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1159 Broad St Central Falls, RI 02863-1502
    Back to Search
    Property profile & analytics

    1159 Broad St, Central Falls, RI 02863-1502

    View on Map
    • Industrial properties
    • 344,976 SF
    • 9.43 lot acres
    Off-Market
    Property ID
    US76-0324273
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $12,540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1159 Broad St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.43 lot acres
    Zone code
    M-2
    Property type
    Industrial properties
    APN
    CENT M:02 P:30
    APU
    CENTM02P30

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2024 — Phoenix Cf Intl Investors — Deed · related $4.9M · The Washington Trust Co Of Westerly
    Dec 15, 2022 — 1193 Broad Central Falls — Deed · related $5.5M · Fidelity Cooperative Bank
    Aug 1, 2016 — Ledvance LLC Osram Sylvania INC Warranty Deed —

    Description

    This exceptional Central Falls, Rhode Island industrial warehouse offers 325,120 square feet of space, with 254,127 square feet currently vacant and available for lease. The property, completely renovated in 2022, boasts a single, two-story building situated on 11.94 acres of land. Features include 14 dock-high doors and 12 drive-in doors, providing ample access for loading and unloading. The warehouse offers impressive ceiling heights ranging from 8'10" to 32', 300 total parking spaces, and heavy power provided by National Grid. The space is divisible to a minimum of 31,781 square feet, with a maximum contiguous space of 254,127 square feet. Interior features include new LED lighting and a fresh "white-box" paint finish. The property is zoned M2: Heavy Industrial and benefits from its strategic location near Providence, offering easy access to major transportation routes and other key New England cities. The property also includes ESFR sprinklers. This is a prime opportunity for businesses seeking a versatile and well-equipped industrial space in a convenient location. The property is conveniently located in Central Falls, RI, bordering Pawtucket and Providence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,996,000
      Market price range: $15.0M - $42.0M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Central Falls
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3872
    Latitude
    41.8954
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $112,598
    $1,312,800
    $2,174,400
    $3,487,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,500,000
      281,189 SF

      1033 Broad St

      INDUSTRIAL (GENERAL)
      1033 Broad St, Central Falls, RI 02863-1515
      View Details
    • Value Estimation
      $665,000
      7,956 SF

      6 Chases Ln

      INDUSTRIAL (GENERAL)
      6 Chases Ln, Central Falls, RI 02863-1504
      View Details
    • Value Estimation
      $1,035,000
      31,870 SF

      1075 High St

      INDUSTRIAL (GENERAL)
      1075 High St, Central Falls, RI 02863-1505
      View Details
    • Value Estimation
      $1,935,000
      34,143 SF

      575 Lonsdale Ave

      INDUSTRIAL (GENERAL)
      575 Lonsdale Ave, Central Falls, RI 02863-2414
      View Details
    • Value Estimation by Request
      15,477 SF

      381 Roosevelt Ave

      INDUSTRIAL (GENERAL)
      381 Roosevelt Ave, Central Falls, RI 02863
      View Details
    • Value Estimation by Request
      5,856 SF

      79 Chestnut St

      INDUSTRIAL (GENERAL)
      79 Chestnut St, Central Falls, RI 02863-2005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      325,119 SF

      Central Falls Warehouse with Rail

      Renovated warehouse with ample parking and rail access.
      1193 Broad St, Central Falls, RI 02863
      View Details
    • Contact for pricing

      Versatile Commercial Space For Sale

      Two-level commercial space with expansion potential and high ceilings.
      325 Illinois St, Central Falls, RI 02863
      View Details
    • $549,999
      4,800 SF

      Versatile Industrial Commercial Space

      Two-level, 4,600 SF commercial space with expansion potential.
      325 Illinois St, Central Falls, RI 02863
      View Details
    • Contact for pricing

      Central Falls Multifamily Investment Opportunity

      Two well-maintained buildings, six units total, strong income potential.
      70 Lincoln Ave, Central Falls, RI 02863
      View Details
    • $1,300,000
      5,740 SF

      Auto Dealership with Expansion Potential

      Established auto business with real estate in revitalizing neighborhood.
      1220 Broad St, Central Falls, RI 02863
      View Details
    • $699,990
      Pending

      Well-Maintained Multi-Family Home

      Three-unit property in Central Falls with immediate rental income.
      85 Hendricks St, Central Falls, RI 02863
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Mill Building Studio Spaces

      Unique studio spaces in a revitalizing historic mill building.
      125-135 Clay St, Central Falls, RI 02863
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Central Falls, Rhode Island.
      125 Clay St, Central Falls, RI 02863
      View Details
    • Contact for pricing
      500 SF

      Prime Commercial Space Available

      Street-level storefront with basement, high visibility, great location.
      539 Broad St, Central Falls, RI 02863
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1159 Broad St
    Central Falls, RI 02863-1502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1159 Broad St, Central Falls, RI, 02863
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!