Professional Office Suite
1119 Reservoir Avenue Unit B Cranston, RI 02910
New
For Sale
$185,000
Office suite condominium with three private offices, an admin/waiting area, and a private bath in a four-suite building.
Property Size784 SF
Price / SF$235.97
Days on Market7
Property Features for 1119 Reservoir Avenue Unit B
General Information
- Standard status
- Active
- Size
- 784 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency:
Albert Realty Inc., REALTORS
(401) 944-3377
Listed By:
Scaralia Group
Source:
Lockandkeyre
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 26 at 2:51PM
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 Albert Realty Inc., REALTORS
Investment Insights
Based on property information with market context.
This professional office suite condominium is located in an intimate building with only four suites. The space includes three private offices, an administration or waiting area, and a private bath, providing a straightforward layout for professional use.
The property is described as offering high traffic count and strong visibility, positioned just outside Garden City Center. The location also provides convenient access to major highways and nearby amenities.
Immediate occupancy is available, and the suite is noted as easy to show.
The property is described as offering high traffic count and strong visibility, positioned just outside Garden City Center. The location also provides convenient access to major highways and nearby amenities.
Immediate occupancy is available, and the suite is noted as easy to show.
Key Highlights
- Office suite condominium built in 1988
- Suite includes three private offices, an administration/waiting area, and a private bath
- Located in a four‑suite professional office building
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 | $15.7k | $20.04 |
| − Vacancy | −$2.2k | −$2.81 |
| EGI | $13.5k | $17.23 |
| − OpEx | −$3.4k | −$4.31 |
| NOI | $10.1k | $12.93 |
784 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$144.8K
$126.7K – $168.9K
NOI $10,134 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$186.5K
$163.2K – $217.6K
NOI $13,054 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ouellet Law Office
Law Firm
Auburn Insurance & Realty ...
Insurance Agency
Lifespan Laboratories
Medical Laboratory
Zenful Touch
Spa & Massage Center
FAQs
What type of property is this?
Office units - Office suite condominium with three private offices, an admin/waiting area, and a private bath in a four-suite building.
Where is this office units located?
The property is located at 1119 Reservoir Avenue Unit B Cranston, RI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Office suite condominium built in 1988; Suite includes three private offices, an administration/waiting area, and a private bath; Located in a four‑suite professional office building
