Property profile

28 Albion Rd Lincoln, RI 02865

OFF-MARKET
Industrial properties
Property ID
US76-0349762
7,728 SF 2.65 ac lot Built 1967
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • General Contractor

Location

28 Albion Rd Lincoln, RI 02865-3706
Lincoln metro Census 11600 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$2.6M
3 recorded transactions
2024
$2.6M
2017
$667,000
2011
$1

Zoning & alternative use

ML05 · 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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