Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Cranston Street Woonsocket, RI 02895

    View on Map
    For Sale
    $250,000

    LAND - Woonsocket, RI

    Lot size:
    19.91 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for Cranston Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R2
    Standard status
    Active
    Lot size
    19.91 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    6356

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Public, Well

    We can help!

    Listing Contact
    Spectrum Real Estate Consultants Team

    Listing agent Spectrum Real Estate Consultants Team

    Listing office Keller Williams Leading Edge 28 Thurber Boulevard, Lincoln, RI

    Listing date Mar 17, 2026

    MLS# 1406825

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Woonsocket Land Package Opportunity

    This 19.91-acre land package in Woonsocket presents a rare opportunity for a residential developer. The site, which includes 36 lots, is located near the North Smithfield line and borders the Dowling Village Shopping Center. The assemblage offers meaningful scale for a buyer pursuing residential development. Under existing zoning parameters, the land allows for by-right single-family planning. A Planned Residential Development or cluster-style concept may also be possible, subject to required approvals. Abutting land totaling an additional 15+ acres may also be available, creating the opportunity for an even larger assemblage.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.510027
    Latitude
    41.98511

    Nearby Similar for Sale

    • $500,000

      Updated Restaurant with Drive-Through

      Immaculate restaurant with drive-through, patio, and full basement.
      426 Cass Avenue, Woonsocket, RI 02895
      View Details
    • $695,000

      Turnkey Automotive Business Opportunity

      Profitable auto body and used car sales business for sale.
      620 Pond Street, Woonsocket, RI 02895
      View Details
    • $8

      Woonsocket Commercial Corner Location

      Signalized corner location with high visibility and flexible space.
      1081 Social Street unit: 1,2, Woonsocket, RI 02895
      View Details
    • $584,900

      Woonsocket Commercial Property For Sale

      Commercial property with potential for various uses and businesses.
      72 Parker Street, Woonsocket, RI 02895
      View Details
    • $1,050

      Retail Space on Busy Street

      Retail space with high visibility and parking in Woonsocket.
      413 Cumberland Hill Road, Woonsocket, RI 02864
      View Details
    • $2,800

      Woonsocket Restaurant Space For Sale

      Commercial restaurant space with recent updates in Downtown Woonsocket.
      57 N Main St, Woonsocket, RI 02895
      View Details
    • $625,000

      Woonsocket Two-Family Home with Garage

      Two-family home with a five-car garage in convenient location.
      107 Blackstone Street, Woonsocket, RI 02895
      View Details
    • $555,000

      Spacious Retail Property in Woonsocket

      4,500 SF retail property with modern amenities and ample parking.
      58 Hamlet Avenue, Woonsocket, RI 02895
      View Details
    • $925,000
      13,068 SF

      Mixed-Use Property with Development Potential

      Seven-unit mixed-use property with land for expansion in Woonsocket.
      60 Rathbun St, Woonsocket, RI 02895
      View Details
    • $5,000,000

      Updated 21-Unit Residential Building

      Fully updated 21-unit building with strong returns in Woonsocket.
      72 Kendrick Avenue, Woonsocket, RI 02895
      View Details
    • $395,000

      Woonsocket Manufacturing Building For Sale

      41800 sq.ft. manufacturing building in Woonsocket, Rhode Island.
      93 Hazel Street, Woonsocket, RI 02895
      View Details
    • $499,900

      Woonsocket Three-Family Income Property

      Three-unit property in Woonsocket with income potential and recent updates.
      120 East Street, Woonsocket, RI 02895
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 19.91 acre, 36-lot residential development opportunity in Woonsocket.
    Where is this residential land & home lot located?
    The property is located at Cranston Street Woonsocket, RI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Large 36‑lot land package totaling approximately 19.91 acres.; Prime location near the North Smithfield line and Dowling Village Shopping Center.; Potential for by‑right single‑family development under existing zoning.
    (401) 333-4900
    We can help!
    Listing Contact
    Spectrum Real Estate Consultants Team
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!