1006 Reservoir Avenue, Cranston, RI 02910
Three-unit freestanding office building with two-floor main suite and strong signage visibility.
- Added:
- Apr 17, 2026
- Days on Market:
- 81
- Last Refresh:
- Jun 15 at 4:18 am
Property Features for 1006 Reservoir Avenue
General Information
- Standard status
- Active
- Size
- 2,712 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1930
Listing office EXIT Real Estate Property Solutions (386) 301-7918
Listing date Apr 17, 2026
Source Xome
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HighLights
- Freestanding 3‑unit office building with a two‑floor main suite
- Main office includes a waiting area with durable flooring
- Second floor features large windows and a full bathroom
- Built in 1930
- 6 parking spaces on‑site
- Located on a city road with high traffic; trash collection provided
Overview
Located on Reservoir Avenue in Cranston, the property sits on a highly visible lot in a central, easily accessed setting. On-site signage supports business identification, and the remarks indicate very high daily car counts. Access is described as quick to key regional destinations, including Providence, the airport, rail, and nearby interstates, as well as Garden City.
The building’s layout can work well for tenants that value a dedicated, multi-level office presence along with an additional set of office units. With a waiting area on the main level, an amenity-complete second floor, and a straightforward three-unit structure, this offering is positioned as a practical, turnkey option for office operations seeking visibility and convenient regional connectivity.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $20.04 |
| − Vacancy | −$7.6k | −$2.81 |
| EGI | $46.7k | $17.23 |
| − OpEx | −$11.7k | −$4.31 |
| NOI | $35.1k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4503808
- Latitude
- 41.773884
