Financial
Distress signals
Property profile

81 Macondray St Cumberland, RI 02864

FOR SALE
Industrial properties
Property ID
US76-0342945
0.52 ac lot
Last sale May 2022
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional owner-user opportunity presents three industrial buildings totaling 16,100 square feet situated on a 0.86-acre lot in Cumberland, Rhode Island, zip code 02864. The property comprises three structures built in 1970, 1900, and 1995, offering a blend of vintage charm and modern functionality. Building 81 Macondray St features 7,451 square feet with a 17-foot ceiling height, two 10' x 14' drive-in doors, and 400 amp, 240V, 3-phase power (with a 480V transformer). Town water and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$441k
Assessed land$111k
Assessed improvement$330k
Effective rate1.20%

Value estimate

· Sep 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$121k
Vacancy & credit loss−$724
Operating expenses−$36k
NOI · 4.67% cap applied$84k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
4.67%
$84k 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?
R-2
Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be k...
General categoryRESIDENTIAL
JurisdictionCUMBERLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.1
Dental Office13.7
Realty agency12.2

Location

81 Macondray St Cumberland, RI 02864
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1344 Mendon, Cumberland, RI 02864 $3,299 Nov 2023 2,500 SF
60 Industrial, Cumberland, RI 02864-4715 $1,200,000 Sep 2023 No data
70 Industrial, Cumberland, RI 02864-4715 $3,200,000 Aug 2023 58,604 SF
79 Ml, Cumberland, RI 02864 $287,500 Dec 2022 1,500 SF
1 Angell, Cumberland, RI 02864-4925 $2,380,000 Sep 2022 28,787 SF
100 Ann Hope, Cumberland, RI 02864 $3,500,000 Dec 2021 No data
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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