Property profile

121 Mendon Rd Cumberland, RI 02864

OFF-MARKET
Showrooms
Property ID
US76-0357697
1,563 SF 0.28 ac lot Built 1950
Trust Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional single-tenant retail property located at 121 Mendon Road in Providence County presents a fantastic investment opportunity. The building boasts a recently completed renovation, encompassing a comprehensive upgrade of its electrical system, HVAC, plumbing, and exterior paint. This ensures modern functionality and reduced maintenance costs for the new owner. The property is classified as Retail and Land, offering a versatile space suitable for a variety of commercial uses. The single-tenant occupancy simplifies management and provides a stable income stream. A significant advantage is the presence of a large parking lot, providing ample space for customers and employees. The building's well-maintained condition is a testament to its previous ownership and promises a smooth transition for the next occupant. The property's location within Providence County offers excellent accessibility and visibility, contributing to its strong potential for success. This is a turnkey opportunity for an investor seeking a low-maintenance, high-return retail investment in a desirable location. The property's single-suite configuration simplifies management and reduces operational complexities. The combination of recent renovations, ample parking, and a prime location makes this a truly compelling investment prospect. The property's commercial classification allows for a wide range of potential uses, making it an attractive option for various business types. This is a rare opportunity to acquire a well-maintained, renovated retail property with significant upside potential.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,563 SF
Lot 0.28 ac (11,979 SF)
Zoning code I-1
APN CUMB M:012 B:0002 L:000
UPID US76-0357697

Cap rate & NOI

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

Location

121 Mendon Rd Cumberland, RI 02864
Cumberland metro Census 11200 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

I-1 · Cumberland, RI
Zoning description

I-1: Light Industrial District. This zoning district is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities, provided that they do not…

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 Mendon Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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