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Property profile & analytics
FOR SALE
Industrial properties

81 Macondray St Cumberland, RI 02864

0.52 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US76-0342945
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 sewer are available. Building 93 Macondray St encompasses 4,956 square feet, boasting five drive-in doors (two 10' x 10', two 9' x 10', and one 8' x 10') and 480V, 200 amp, 3-phase power (with a 600V transformer). This building is constructed of concrete block and also benefits from town water and sewer. Finally, Building 95 Macondray St offers 3,744 square feet, including a 2,400 square foot ground floor and a 1,344 square foot mezzanine, with a 17-foot ceiling height, one 12' x 14' drive-in door, and 208 amp, 240V, 3-phase power. All three buildings provide ample space for various industrial or distribution needs. The property's eight dock-high doors ensure efficient loading and unloading operations. This unique offering presents a rare chance to acquire a multi-building industrial complex in a desirable location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 0.52 ac (22,825 SF)
Zoning code R-2
APN CUMB M:003 B:0048 L:000
UPID US76-0342945
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Darrel A Davidow · 4 yrs held
Darrel A Davidow
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
R-2 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals may be kept for each single-family dwelling unit provided that no roosters shall be kept, and provided that such allowable livestock are ho…

Zone name Two Household Medium Density
General category RESIDENTIAL
Zone area 348.08 ac
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