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    Freestanding Office Building Opportunity Title is generated by Realmo AI

    1006 Reservoir Avenue, Cranston, RI 02910

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    Claim this Listing
    For Sale
    $699,900

    COMMERCIAL - Cranston, RI

    Type:Office
    Property size:
    2,712 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $258/SF
    Added:
    Apr 29, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 14 at 1:06 pm

    Property Features for 1006 Reservoir Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Rooms
    Basement
    Parking
    6
    Basement
    Full
    Standard status
    Active
    Size
    2,712 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7185

    Building Details

    Year built
    1930
    Number of units
    3

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    Listing Contact
    Alea French

    Listing agent Alea French

    Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI

    Listing date Apr 29, 2026

    MLS# 1411258

    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.

    HighLights

    • High‑visibility location with excellent signage and a very high daily car count.
    • Freestanding 3‑unit office building.
    • Central, easily accessed location with quick access to Providence, RI Airport, Rail, Interstates & Garden City.
    • Turnkey solution for professionals.
    • Main office space spans two floors.
    • Second floor is bright with large windows and a full bathroom.

    Overview

    This is a freestanding three-unit office building situated on a highly visible lot in a central, easily accessed location in Cranston, Rhode Island. The main office space spans two floors and includes a welcoming waiting area with durable flooring. The second floor is bright, featuring large windows and a full bathroom. The property offers excellent signage and benefits from a very high daily car count. It also provides quick access to Providence, Rhode Island Airport, Rail, Interstates, and Garden City. The lot size is 0.1148 acres.

    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
    2,712 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $500.8K
    $438.2K – $584.3K (±1% cap)
    NOI $35,055 @ 7.0% cap · market cap 5.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $645.1K
    $564.5K – $752.6K (±1% cap)
    NOI $45,156 @ 7.0% cap · market cap 6.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Financial Network, ... Loan Service Schiappa Insurance Agency, ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.450351
    Latitude
    41.773864

    FAQs

    What type of property is this?
    Office building - Three-unit office building in a central, highly visible location.
    Where is this office building located?
    The property is located at 1006 Reservoir Avenue Cranston, RI.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: High‑visibility location with excellent signage and a very high daily car count.; Freestanding 3‑unit office building.; Central, easily accessed location with quick access to Providence, RI Airport, Rail, Interstates & Garden City.
    More about this property
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