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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    642 George Washington Hwy Lincoln, RI 02865-4244

    • Industrial properties
    • 16.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0307472
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ATM Wave Fcu / Bank / Check Cashing
    • National Grid / Electric Utility Company

    Property Details for 642 George Washington Hwy

    Lot size
    16.96 lot acres
    Zone code
    ML05
    Property type
    Industrial properties
    APN
    LINC M:31 L:011.0 U:
    APU
    LINCM31L0110U

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4595
    Latitude
    41.9367
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $109,349
    $1,361,000
    $3,194,300
    $4,555,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $5,855,000
      127,592 SF

      5 Wellington Rd

      INDUSTRIAL (GENERAL) • 127,592 SF
      5 Wellington Rd, Lincoln, RI 02865-4411
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    • Value Estimation
      $745,000
      17,976 SF

      Carrington St

      INDUSTRIAL (GENERAL) • 17,976 SF
      Carrington St, Lincoln, RI 02865
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    • Value Estimation
      $2,790,000
      52,050 SF

      1 Crownmark Dr

      INDUSTRIAL (GENERAL) • 52,050 SF
      1 Crownmark Dr, Lincoln, RI 02865-4403
      View Details
    • Value Estimation
      $2,495,000
      46,996 SF

      6 New England Way

      INDUSTRIAL (GENERAL) • 46,996 SF
      6 New England Way, Lincoln, RI 02865-4251
      View Details
    • Value Estimation
      $3,445,000
      58,428 SF

      17 Powder Hl Rd

      INDUSTRIAL (GENERAL) • 58,428 SF
      17 Powder Hl Rd, Lincoln, RI 02865-4407
      View Details
    • Value Estimation by Request
      9.00 Acres

      617 George Washington Hwy

      INDUSTRIAL (GENERAL) • 9.00 Acres
      617 George Washington Hwy, Lincoln, RI 02865-4212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.80 Acres

      Lincoln Industrial Park Opportunity

      Prime RI Flex/Warehouse Space Available
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      Lincoln, RI Commercial Land

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      Lincoln RI 6-Bay Garage

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      Central Falls Industrial/Warehouse Opportunity

      Two-level industrial/warehouse building on a 1.01-acre lot for sale.
      70 Conduit St, Central Falls, RI 02865
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      Lincoln Commercial Property with Acreage

      Acre property in Lincoln suitable for commercial or residential use.
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      2,687 SF

      Woonsocket Commercial Building For Sale

      2687 SF commercial building on high-traffic road near CVS Headquarters.
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    Similar Nearby for Lease

    • Contact for pricing
      21,080 SF

      Prime Flex Space, Providence County

      11,080 SF Executive Office/Lab Space
      27 Wellington Rd, Lincoln, RI 02865
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    • $6 SF/Yr
      43,000 SF

      Distribution/Warehouse Space Available

      54,146 SF distribution/warehouse space with loading docks and office.
      100 Higginson Ave, Lincoln, RI 02865
      View Details
    • Contact for pricing
      127,336 SF

      Lincoln Flex Space Opportunity

      127,336 sq. ft. of flexible office and industrial space.
      1 Albion Rd, Lincoln, RI 02865
      View Details
    • Contact for pricing
      60,000 SF

      Lincoln Industrial Flex Space

      60,000 SF Flex Space Available
      27 Wellington Rd, Lincoln, RI 02865
      View Details
    • $13 SF/Yr
      10,600 SF

      Flex Space with New Warehouse

      Flex space featuring office and newly constructed warehouse space.
      40 Albion Rd, Lincoln, RI 02865
      View Details
    • $14 SF/Yr
      5,220 SF

      Office/Flex Space For Lease

      5,200 SF office/flex space in Northern RI.
      676 George Washington Hwy, Lincoln, RI 02865
      View Details
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    642 George Washington Hwy
    Lincoln, RI 02865-4244
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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