Property profile

27 Wellington Rd Lincoln, RI 02865

FOR SALE
Industrial properties
Property ID
US76-0367307
21,082 SF 5.4 ac lot Built 1996
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 60,000-square-foot industrial flex space is situated on a generous 3.8-acre lot at 27 Wellington Rd, Lincoln, Rhode Island, 02865. The property, zoned MG05 in Providence County, offers a single-tenant occupancy opportunity within the North Central Business Park. The entire building is currently vacant, presenting a unique chance for a business to customize its space. The flexible design caters to a wide range of industrial and flex-space needs, making it ideal for companies requiring adaptable layouts. Build-to-suit lease options are available, allowing tenants to design a space perfectly tailored to their operational requirements, ranging from 10,000 to 60,000 square feet. This prime location in Lincoln offers excellent access to major transportation routes, ensuring seamless logistics and convenient commuting for employees. The property's ample size and flexible build-to-suit options make it an attractive proposition for businesses seeking to establish a significant presence in a thriving Rhode Island market. This is a rare opportunity to secure a substantial, adaptable industrial space in a desirable location. Contact us today to discuss your specific needs and explore the possibilities of creating your ideal workspace in this exceptional property.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1996
Construction CONCRETE
Total area 21,082 SF
Lot 5.4 ac (235,224 SF)
Zoning code MG05
APN LINC M:28 L:134.0 U:
UPID US76-0367307

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Laboratory
  • Corporate Office Business Park

Location

27 Wellington Rd Lincoln, RI 02865
Lincoln metro Census 11600 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.70M
Comparable Approach Comparable
$905k
Blend (final) Blend
$1.51M

Owner & transaction history

since 2018
3 recorded transactions
2022
Price N/A
2018
$1.5M
2007
Price N/A

Zoning & alternative use

MG05 · Lincoln, RI

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
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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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