Technical
Financial
Distress signals
Property profile

535 Prospect St Pawtucket, RI 02860

OFF-MARKET
Other industrial properties
Property ID
US76-0158865
35,000 SF 2.13 ac lot Built 1945
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a single-tenant industrial building configured for a net-leased investment use. It contains approximately 35,000 square feet total, including more than 4,000 square feet of office space at the front of the building and more than 2,000 square feet of finished mezzanine space at the rear of the main offices. The remaining area is designed as open manufacturing and warehouse space to support industrial operations.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 35,000 SF
Lot 2.13 ac (92,783 SF)
Zoning code MO
APN PAWT M:36 L:0224
UPID US76-0158865

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
  • Factory Production Facility

Location

535 Prospect St Pawtucket, RI 02860-6200
Pawtucket metro Census 17100 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.15M
CAP Approach CAP
$2.81M
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$2.15M

Owner & transaction history

since 2022
Last sale
$2.0M
4 recorded transactions
2022
$2.0M
2016
$870,000
2013
Price N/A
2012
Price N/A

Zoning & alternative use

MO · Pawtucket, RI
Zoning description

Industrial Open MO. This zone is intended for light industrial uses that accommodate a variety of manufacturing, assembly, storage of durable goods and related activities. K. Industrial Built-Up MB. This zone is intended…

General category INDUSTRIAL

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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