Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    High-Visibility Commercial Building on Oaklawn Avenue Title is generated by Realmo AI

    892 Oaklawn Avenue Cranston, Cranston, RI 02920

    View on Map
    Claim this Listing
    For Sale
    $949,900

    Well-maintained commercial building with versatile space and dedicated parking.

    Property size:
    4,200 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $226/SF
    Added:
    May 16, 2026
    Days on Market:
    14
    Last Refresh:
    May 16 at 2:01 am

    Property Features for 892 Oaklawn Avenue Cranston

    General Information

    Standard status
    Active
    Size
    4,200 SF
    Lot size
    0.22 Acres

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Brian DaSilva

    Listing agent Brian DaSilva

    Listing office

    Listing date May 16, 2026

    Source Milestonerealtyinc

    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 Brian DaSilva

    HighLights

    • High‑visibility location on highly trafficked Oaklawn Avenue
    • 4,200 sq ft of versatile space on a 9,547 sq ft lot
    • 13 dedicated parking spaces
    • Potential to be converted into two or three separate commercial/office suites
    • Updated bathrooms and central air
    • Proximity to Garden City Center Shopping Center and easy access to major highways and Providence

    Overview

    This well-maintained commercial building offers high visibility on Oaklawn Avenue, steps from Brayton Street. The property features 4,200 square feet of versatile space on a 9,547 square foot lot. Thirteen dedicated parking spaces are available. Interior features include laminate flooring, updated bathrooms, and central air. The layout has the potential to be converted back into two or three separate commercial or office suites, making it suitable for owner-occupants or multi-tenant configurations. The property is near the Garden City Center Shopping Center and provides easy access to major highways and Providence.

    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 $84.2k $20.04
    − Vacancy −$11.8k −$2.81
    EGI $72.4k $17.23
    − OpEx −$18.1k −$4.31
    NOI $54.3k $12.93
    4,200 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $775.5K
    $678.6K – $904.8K (±1% cap)
    NOI $54,288 @ 7.0% cap · market cap 5.72%
    Second Best
    Retail
    $677.4K
    $592.7K – $790.3K (±1% cap)
    NOI $47,416 @ 7.0% cap · market cap 4.99%
    Theoretical Best
    Multifamily LT 5
    $999.0K
    $874.2K – $1.17M (±1% cap)
    NOI $69,932 @ 7.0% cap · market cap 7.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Dr. Rafael A. Torres, ... Physician Wajahat Faheem Physician

    Suggested Use

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

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

    Similar Places Nearby

    • A Bushel and A Peck Floral Shop — 840 Oaklawn Ave, Cranston, RI 02920

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4785451
    Latitude
    41.7475516

    Nearby Similar for Sale

    • $899,000
      5,994 SF

      Versatile Commercial Property in Cranston

      Updated commercial property with income potential and flexible zoning.
      150 Burnside Street, Cranston, RI 02910
      View Details
    • $1,250,000
      1,700 SF

      Cranston Commercial Property with Drive-Thru

      Well-maintained building with drive-thru in high-traffic Cranston location.
      2214 Plainfield Pike, Cranston, RI 02921
      View Details
    • $699,900
      2,712 SF

      Freestanding Office Building Opportunity

      Three-unit office building in a central, highly visible location.
      1006 Reservoir Avenue, Cranston, RI 02910
      View Details
    • $575,000
      4,830 SF

      Spacious Multi-Unit Property in Cranston

      Three-unit property with long-term tenants in central Cranston location.
      18 Standish Avenue, Cranston, RI 02920
      View Details
    • $2,200
      2,528 SF

      Cranston Office Space Available

      Second-floor office space with up to ten rooms for lease.
      980 Reservoir Avenue, Cranston, RI 02910
      View Details
    • $2,200
      1,200 SF

      Cranston Commercial Condos For Sale

      Versatile commercial condos suitable for various businesses.
      2360 Plainfield Pike, Cranston, RI 02921
      View Details
    • $2,200
      1,200 SF

      Versatile Commercial Condos For Sale

      Commercial condos suitable for warehousing, research, online retail, and more.
      2360 Plainfield Pike, Cranston, RI 02921
      View Details
    • $2,700
      900 SF

      Pawtuxet Village Office Space

      900 sq. ft. office space in Pawtuxet Village.
      2172 Broad Street, Cranston, RI 02905
      View Details
    • $2,200
      1,200 SF

      Cranston Commercial Condos For Sale

      Versatile commercial condos suitable for various businesses.
      2360 Plainfield Pike, Cranston, RI 02921
      View Details
    • $575,000
      2,000 SF

      Cranston Multi-Family Home on Double Lot

      Charming two-unit home in Cranston, RI with rental income potential.
      76 Sabra Street, Cranston, RI 02910
      View Details
    • $10
      1,270 SF

      Cranston Commercial Salon Studios

      Private studios with cooperative setting, ideal for various businesses.
      505 Atwood Avenue, Cranston, RI 02920
      View Details
    • $599,900
      3,552 SF

      Cranston Commercial Building For Sale

      Highly visible commercial building with kitchen infrastructure and flexible space.
      840 Park Avenue, Cranston, RI 02910
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-maintained commercial building with versatile space and dedicated parking.
    Where is this storefront property located?
    The property is located at 892 Oaklawn Avenue Cranston Cranston, RI.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: High‑visibility location on highly trafficked Oaklawn Avenue; 4,200 sq ft of versatile space on a 9,547 sq ft lot; 13 dedicated parking spaces
    (508) 501-1443
    We can help!
    Listing Contact
    Brian DaSilva
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    892 Oaklawn Avenue, Cranston, RI, RI 02920
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!