15 Grn Hl Rd Johnston, RI 02919-5605
This exceptional Johnston, Rhode Island property, listed at $600,000, presents a compelling investment opportunity. Situated on a 17,860 square foot lot at 15 Green Hill Road, 02919, this property features a 2400 square foot industrial building and a separate 300-400 square foot office trailer. Built in 1987, the single-story building is ideally suited for a variety of uses, including industrial operations, warehousing, distribution, manufacturing, storage, and service businesses compatible with the nearby resource recovery plant (permitted in the I zone). The building boasts convenient drive-in garage access, seamlessly integrating office and warehouse functions. Its proximity to the Johnston landfill (approximately a quarter mile) offers a strategic advantage for certain businesses. Currently operating as "SHRED-N-GO," this property is ready for immediate occupancy or redevelopment, making it an attractive addition to an existing portfolio or a strong standalone investment. The property consists of one building on a single story. This is a rare opportunity to acquire a well-located industrial property in a thriving Rhode Island market.
Industrial I District. This district is composed of certain land so situated as to be suitable for industrial development. The purpose of this district is to permit the normal operation of a large number of industries, subject only to those regulations needed to control congestion and to protect nearby residential and business districts. J. Industrial I-S Di…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I · Johnston, RIIndustrial I District. This district is composed of certain land so situated as to be suitable for industrial development. The purpose of this district is to permit the normal operation of a large number of industries, subject only to those regulations needed to control congestion and to protect nearby residential and business districts. J. Industrial I-S District. This district is composed of certain land and uses which due to the peculiar nature of their activities require locations remote from classes of land use or require additional safeguards. K. Industrial I-L District. This district is composed of certain land so situated as to be suitable for light industrial development. The purpose of this district is to permit the operation of a limited number of industrial uses and heavy business uses that will be compatible with nearby residential and business districts. L.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.