Property profile

9 New England Way Lincoln, RI 02865

OFF-MARKET
Industrial properties
Property ID
US76-0309265
14,600 SF 1.51 ac lot Built 1980
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 9 New England Way, Lincoln, Rhode Island, 02865, offers a diverse range of office spaces ideal for various businesses. The two-story building, constructed in 1980, sits on a substantial 65,000 square foot lot and comprises seven units within a single building. The property is currently available for lease at $18 per square foot annually, with the owner open to negotiating longer-term leases. The building boasts recently updated features including fresh paint, energy-efficient lighting, and elegant marble flooring throughout. Approximately 3,400 square feet of flexible space remains available, easily subdivided to accommodate specific business needs. Individual office spaces range in size from 150 square feet to 1,750 square feet, providing options for businesses of all scales. Architectural and engineering firms are particularly encouraged to inquire. The property's strategic location offers unparalleled convenience, situated less than five minutes from RI Route 146, I-295, and North-Central State Airport, ensuring effortless access to Providence, Boston, and beyond. This versatile property presents a unique opportunity to establish or expand your business in a thriving Rhode Island market. The property type includes Traditional Office, Medical Office, Executive Office, Storefront, Warehouse, and Creative Office spaces.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Construction CONCRETE
Total area 14,600 SF
Lot 1.51 ac (65,950 SF)
Zoning code ML05
APN LINC M:28 L:120.0 U:
UPID US76-0309265

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
  • Building Supply
  • Construction Company General Contractor

Location

9 New England Way Lincoln, RI 02865-4287
Lincoln metro Census 11600 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$622k
Blend (final) Blend
$630k

Owner & transaction history

since 2023
Last sale
$606,463
7 recorded transactions
2024
Price N/A
2023
Price N/A
2020
$825,000
2020
$606,463
2020
$606,463
2011
Price N/A
1998
$450,000

Zoning & alternative use

ML05 · Lincoln, RI

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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