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Financial
Distress signals
Property profile

40 Albion Rd Lincoln, RI 02865

FOR LEASE
Other industrial properties
Property ID
US76-0328974
22,210 SF 3.54 ac lot Built 1979
Last sale May 2011 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a flex campus that combines air-conditioned office space with attached warehouse space, configured to accommodate both office and light industrial or warehousing uses. The listed space includes 4,673 square feet of air-conditioned office area and 3,000 square feet of warehouse area that was newly constructed, for a total of 7,673 square feet across the available configuration. The facility has two grade-level doors for warehouse access and is maintained in a manner consistent…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$38k
Tax billed · 2020
Assessed value · 2024$2.03M
Assessed land$385k
Assessed improvement$1.64M
Effective rate1.85%

Value estimate

· Oct 2026
$1.51M
$1.35M – $1.66M
CAP approach$1.79M
Submarket $/SF estimate$953k
NOI build-up
Gross scheduled income$204k
Vacancy & credit loss−$1k
Operating expenses−$61k
NOI · 1,236,104.35% cap applied$142k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 277 recorded sales of this use type
Observed band · Q1–Q3$43 – $122
Qualifying comparables5

Cap rate analysis

How does the asset earn?
1,236,104.35%
$142k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MG05
JurisdictionLINCOLN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.1
Hair Salon9.6
Electrical Service9.6

Location

40 Albion Rd Lincoln, RI 02865
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27 Carrington, Lincoln, RI 02865-1702 $375,000 Oct 2024 17,680 SF
70 Moshassuck, Lincoln, RI 02865-2635 $453,750 Jun 2024 18,025 SF
25th Carrington, Lincoln, RI 02865-1702 $500,000 Dec 2021 24,473 SF
60 Industrial, Lincoln, RI 02865-2612 $400,000 Aug 2021 25,334 SF
690 George Washington, Lincoln, RI 02865-4207 $1,280,000 Apr 2019 27,734 SF
27 Wellington, Lincoln, RI 02865-4411 $1,520,000 Oct 2018 21,082 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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