1296 Cranston Cranston, RI 02920
Restaurant property in a high-visibility, high-traffic location.
Property Features for 1296 Cranston
General Information
- Standard status
- Active
- Size
- 669 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing office RE/MAX REAL ESTATE CENTER (401) 823-7600
Listing date Apr 6, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location with high visibility
- Stand‑alone building currently used as a restaurant and for takeout
- Ample parking with multiple access points
Local Financial Insights For Specialty Retail
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 | $12.0k | $18.00 |
| − Vacancy | −$1.2k | −$1.85 |
| EGI | $10.8k | $16.15 |
| − OpEx | −$2.7k | −$4.04 |
| NOI | $8.1k | $12.11 |
