1006 Reservoir Avenue, Cranston, RI 02910
COMMERCIAL - Cranston, RI
- Added:
- Apr 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 14 at 8:06 am
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
Listing agent Alea French (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date Apr 29, 2026
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
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
- -71.450351
- Latitude
- 41.773864