Prime Cranston Retail/Office
1037 Reservoir Ave Cranston, RI
For Sale
Contact for pricing
High-visibility Cranston location suitable for medical, retail, or office use.
Property Size10,000 SF
Lot Size0.69 Acres
Price / SF$270
Days on Market311
Property Features for 1037 Reservoir Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.69 Acres
- Property subtype
- OFFICE
Listing Agency:
Hayes & Sherry
(401) 273-2053
Listed By:
Matthew Fair
Source:
Moodyscre
Added: Sep 19, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes & Sherry
Investment Insights
Based on property information with market context.
Located in the heart of Cranston’s Reservoir Avenue, the property at 1035–1039 Reservoir Avenue offers exceptional visibility and high traffic counts. The site is suitable for medical, retail, or professional office users seeking a prime, established location. It provides ample on-site parking and easy access to I-95 and Route 10. The property size is 10000 square feet and it is located in Cranston, RI.
Key Highlights
- Prime location in the heart of Cranston’s Reservoir Avenue.
- Exceptional visibility and high traffic counts.
- Ample on‑site parking.
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 | $200.4k | $20.04 |
| − Vacancy | −$28.1k | −$2.81 |
| EGI | $172.3k | $17.23 |
| − OpEx | −$43.1k | −$4.31 |
| NOI | $129.3k | $12.93 |
10,000 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.15M
NOI $129,258 @ 7.0% cap · market cap 4.79%
Second Best
Retail
$1.61M
$1.41M – $1.88M
NOI $112,896 @ 7.0% cap · market cap 4.18%
Theoretical Best
Multifamily LT 5
$2.38M
$2.08M – $2.78M
NOI $166,505 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - High-visibility Cranston location suitable for medical, retail, or office use.
Where is this office building located?
The property is located at 1037 Reservoir Ave Cranston, RI.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location in the heart of Cranston’s Reservoir Avenue.; Exceptional visibility and high traffic counts.; Ample on‑site parking.
