150 Burnside Street Cranston, Cranston, RI 02910
Three office units with separate entrances, plus an oversized heated garage, offer flexible space for office or specialty uses.
- Added:
- Jun 4, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 5 at 2:09 am
Property Features for 150 Burnside Street Cranston
General Information
- Standard status
- Active
- Size
- 5,994 SF
Building Details
- Year Built
- 1977
Listing agent Leanne McCormick (508) 501-1443
Listing office (508) 501-1443
Listing date Jun 4, 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 Leanne McCormick
HighLights
- Commercial building built in 1977 with 3 separate office units, each with its own private entrance.
- Three office units can be used individually or combined for a larger operation.
- Oversized heated 2‑car garage on‑site for storage or supplemental commercial use.
- Corner lot location just off Reservoir Avenue with ample parking and accessibility to Rt 95, Rt 10, and Rt 6.
- Zoned for flexible use options such as professional offices, medical suites, salon studios, creative workspaces, daycare, or a church.
- Real estate only for sale as the existing businesses are relocating.
Overview
Set on a corner lot off Reservoir Avenue, the property is positioned for convenient access and visibility. Parking is available on site, and the location provides straightforward routes to major roadways, including Rt 95, Rt 10, and Rt 6. Providence is also described as only minutes away.
For tenants and buyers looking for adaptable commercial space, the current office configuration can fit a range of professional and service uses. The offering also considers other possibilities based on zoning flexibility noted in the remarks, including medical suites, salon studios, creative workspaces, daycare, and church use, as well as the potential for conversion to multi-unit residential. With the existing businesses relocating and real estate only being offered for sale, the property is presented as a turnkey option for an owner-operator or investor seeking ready-to-use commercial space.
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 | $120.1k | $20.04 |
| − Vacancy | −$16.8k | −$2.81 |
| EGI | $103.3k | $17.23 |
| − OpEx | −$25.8k | −$4.31 |
| NOI | $77.5k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4106544
- Latitude
- 41.8016845
