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Property profile & analytics
OFF-MARKET Estimated value $2,550,000
Industrial properties

28 Albion Rd Lincoln, RI 02865-3706

7,728 SF 2.65 ac lot Built 1967
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US76-0349762
Property summary
AI-generated overview

This exceptional industrial property at 28 Albion Road, situated on a generous 2.65-acre lot in Providence County, presents a unique opportunity. The warehouse building itself offers 7,728 square feet of versatile space, ideally suited for a variety of industrial uses. Within this space, you'll find 2,865 square feet of garage space, perfect for vehicle storage or maintenance, complemented by 3,944 square feet of office space. Three 13-foot-high drive-in doors provide convenient access for loading and unloading. The property boasts significant covered outdoor storage, including a 13,856-square-foot attached canopy (17 feet to the deck, 14 feet clear) and an additional 7,800+ square-foot truck canopy (14-19 feet to the deck, 12.5 feet clear at the perimeter). The ample outdoor space, combined with the building's features, makes this property ideal for businesses requiring substantial storage and operational space. Its strategic location offers easy access to Routes 146 and 295, placing it within convenient reach of major transportation arteries. Furthermore, its proximity to the North Central Industrial Park provides access to a thriving business community and a wealth of area amenities. The property is zoned ML05 and features ample parking. The total building size is 21,584 square feet, with 7,728 square feet currently vacant. This property offers a rare combination of indoor and outdoor space, making it an attractive option for businesses seeking efficient operations and convenient logistics.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1967
Construction CONCRETE
Total area 7,728 SF
Lot 2.65 ac (115,434 SF)
Zoning code ML05
APN LINC M:28 L:075.0 U:
UPID US76-0349762
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
Current use
Occupant on record · Public records
  • Raycon Construction Llc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.55M
Owner & transaction history
Tan Rhode Island LLC · 2 yrs held
Tan Rhode Island LLC
since 2024
Last sale
$2.6M
3 recorded transactions
2024
$2.6M
2017
$667,000
2011
$1
Zoning & alternative use
ML05 · Lincoln, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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