Prime Cranston Retail/Office
For Sale
Contact for pricing
1037 Reservoir Ave, Cranston, RI
High-visibility Cranston location suitable for medical, retail, or office use.
Property Size10,000 SF
Lot Size0.69 Acres
Price / SF$270
Days on Market403
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) 273-1980
Listed By:
Matthew Fair
(401) 273-2053
Source:
Moodyscre
Added: Sep 19, 2025
Changed: Oct 25
Last Checked: Oct 24 at 8:08PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$129,258
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,585,160
$2.6M
Cap Rate 7%
$1,846,543
$1.8M
Cap Rate 9%
$1,436,200
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$200.4K $20.04/SF
− Vacancy
−$28.1K −$2.81/SF
EGI
$172.3K $17.23/SF
− OpEx
−$43.1K −$4.31/SF
NOI
$129.3K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,585,160
Cap Rate 7%
$1,846,543
Cap Rate 9%
$1,436,200
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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.
