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Property profile & analytics
OFF-MARKET Estimated value $1,935,000
Industrial properties

575 Lonsdale Ave Central Falls, RI 02863-2414

34,143 SF 1.78 ac lot Built 1968
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US76-0326690
Property summary
AI-generated overview

This exceptional 11,544-square-foot industrial space, located at 575 Lonsdale Avenue in Central Falls, Rhode Island, presents a unique opportunity for businesses seeking flexible warehousing and light manufacturing capabilities. Situated on the second floor of a two-story building constructed in 1968, this single-tenant property offers a versatile layout with an 11-foot ceiling height. The space benefits from a shared loading dock equipped with a conveyor belt for efficient goods movement, complemented by ample parking with over 20 reserved spaces. Recent upgrades include a brand-new heating system, remodeled bathrooms, and a newly replaced roof, ensuring a comfortable and well-maintained environment. Security features include metal doors, gated property access, and a sophisticated ADT security system. The property's convenient location, just 0.7 miles from Interstate 95, provides easy access to the greater Providence, Boston, and New England regions. The building is served by 3-phase, 400-amp, 208Y/120V power. Note that the lease rate excludes utilities, property expenses, and building services

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1968
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,143 SF
Lot 1.78 ac (77,480 SF)
APN CENT M:08 P:336
UPID US76-0326690
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
  • HB Packaging Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.94M
Owner & transaction history
Aok Prop Holdings LLC · 3 yrs held
Aok Prop Holdings LLC
since 2022
Last sale
$1.9M
5 recorded transactions
2022
$1.9M
2022
Price N/A
2022
$1.9M
2019
Price N/A
1996
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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