Versatile Commercial Property in
150 Burnside Street, Cranston, RI 02910
COMMERCIAL - Cranston, RI
Type:Office
Property size:
5,994 SFLot size:
0.34 AcresPrice / SF:
$149/SF- Added:
- Dec 1, 2025
- Days on Market:
- 171
- Last Refresh:
- May 21 at 6:06 pm
Property Features for 150 Burnside Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B-1
- Rooms
- Basement
- Parking
- 22
- Security features
- Security Lighting
- Interior features
- Ceiling Height (9 to 12 Ft)
- Basement
- Full
- Standard status
- Active
- Size
- 5,994 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10110
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Frame, Masonry
Listing agent Vickie Pizzarelli (401) 385-3640
Listing office Family First Realty Ri, Llc 160 Burnside Street, Cranston, RI (401) 385-3630
Listing date Dec 1, 2025
MLS# 1401034
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent location on a corner lot with high traffic, ample parking, and easy access to Rt 95, Rt 10, and Rt 6, minutes from Providence.
- Flexible zoning suitable for offices, medical suites, salon studios, daycare, church, or multi‑unit residential conversion.
- Turnkey condition with extensive updates, eliminating near‑term capital expenditures.
- Configured as 3 separate units with private entrances, offering flexibility.
- Oversized heated garage provides additional rental income potential.
- Strong income potential ideal for investors seeking immediate income and long‑term upside.
Overview
This commercial property in Cranston, Rhode Island, offers flexibility for various uses. Currently configured as professional office space, the building features three separate units, each with its own private entrance, which can be combined for a larger operation. The property has been updated with attention to detail. An oversized, heated two-car garage provides additional rental value and is suitable for contractors, specialty trades, storage, or supplemental commercial use. Located on a corner lot just off Reservoir Avenue, the site benefits from strong traffic counts, ample parking, and accessibility to Route 95, Route 10, and Route 6, with Providence minutes away. The property's zoning allows for professional offices, medical suites, salon studios, creative workspaces, daycare, or a church. It may also be suitable for conversion to multi-unit residential. The property has a size of 5994 square feet and sits on a 0.34-acre lot. The existing businesses are relocating, and only the real estate is for sale.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$860.9K
NOI $77,477 @ 9.00% cap · cautious / downside scenario
Moderate
$1.11M
NOI $77,477 @ 7.00% cap · market / base-case scenario
Aggressive
$1.55M
NOI $77,477 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.1k | $20.04 |
| − Vacancy | −$16.8k | −$2.81 |
| EGI | $103.3k | $17.23 |
| − OpEx | −$25.8k | −$4.31 |
| NOI | $77.5k | $12.93 |
5,994 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.11M
$968.5K – $1.29M
NOI $77,477 @ 7.0% cap · market cap 8.62%
Second Best
Healthcare Medical
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 6.46%
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,803 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Senerchia & Senerchia P.C.
Law Firm
South Coast Title ...
Title Company
Dimension National Title ...
Title Company
Southcoast Title And Escrow
Title Company
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.438662
- Latitude
- 41.784392
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Updated commercial property with income potential and flexible zoning.
Where is this office building located?
The property is located at 150 Burnside Street Cranston, RI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Excellent location on a corner lot with high traffic, ample parking, and easy access to Rt 95, Rt 10, and Rt 6, minutes from Providence.; Flexible zoning suitable for offices, medical suites, salon studios, daycare, church, or multi‑unit residential conversion.; Turnkey condition with extensive updates, eliminating near‑term capital expenditures.
