Multi-Unit Professional Office
150 Burnside Street Cranston Cranston, RI 02910
150 Burnside Street Cranston, Cranston, RI, 02910
$899,000
For Sale
$899,000
Three office units with separate entrances, plus an oversized heated garage, offer flexible space for office or specialty uses.
Property Size5,994 SF
Price / SF$149.98
Days on Market45
Property Features for 150 Burnside Street Cranston
General Information
- Standard status
- Active
- Size
- 5,994 SF
Building Details
- Year Built
- 1977
Listing Agency
(508) 501-1443
Listed by
Leanne McCormick
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 4 Checked: Jul 16 at 2:59 am
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
Investment Insights
Based on property information with market context.
This for-sale commercial property is currently configured as professional office space and includes three separate units. Each unit can operate with its own private entrance, or the spaces can be combined for a larger operation. The building has been updated throughout, and an oversized heated two-car garage adds a practical supplemental space that can support storage or contractor-style uses.
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.
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.
Key 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.
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 |
5,994 SF · lease $20.04/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$968.5K – $1.29M
NOI $77,477 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
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 Analytics
Property Profile
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
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FAQs
What type of property is this?
Office units - Three office units with separate entrances, plus an oversized heated garage, offer flexible space for office or specialty uses.
Where is this office units located?
The property is located at 150 Burnside Street Cranston 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: 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.
