Medical Office Suite with Exam
For Sale
$175,000
205-725 Reservoir Avenue, Cranston, RI 02910
Second-floor clinical space includes elevator access, three exam rooms, private offices, and shared building services.
Property Size1,588 SF
Price / SF$110.20
Days on Market119
Property Features for 205-725 Reservoir Avenue
General Information
Standard status
Active
Size
1,588 SF
Elevators
Yes
Additional Details
Floor
2
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$5,217
Listing Agency:
RE/MAX Preferred
(401) 353-2200
Listed By:
Edward West · License #C9995
(401) 383-8411
Source:
Exprealty
Added: Jun 30
Changed: Oct 25
Last Checked: Oct 25 at 2:31AM
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 RE/MAX Preferred
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,588-square-foot medical office condominium is arranged with a reception and waiting area, three exam rooms, three private offices, two restrooms, and additional storage. The second-floor suite is served by an elevator and includes access to ample parking.
The property is at 205-725 Reservoir Avenue in Cranston, Rhode Island. The monthly condominium fee covers water, sewer, master insurance, common-area maintenance, and utilities.
The property is at 205-725 Reservoir Avenue in Cranston, Rhode Island. The monthly condominium fee covers water, sewer, master insurance, common-area maintenance, and utilities.
Key Highlights
- 1,588‑square‑foot medical office condominium
- Three exam rooms, three private offices, and two restrooms
- Reception and waiting area with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,387
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,740
$307.7K
Cap Rate 7%
$219,814
$219.8K
Cap Rate 9%
$170,967
$171.0K
Market Conditions
NOI Build-Up for 1,588 SF
Gross rent
$28.6K $18.00/SF
− Vacancy
−$2.9K −$1.85/SF
EGI
$25.6K $16.15/SF
− OpEx
−$10.3K −$6.46/SF
NOI
$15.4K $9.69/SF
Area
Providence County, RI
Vacancy
10.28%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,740
Cap Rate 7%
$219,814
Cap Rate 9%
$170,967
Alternative Uses
Best Use
Office B
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 11.73%
Second Best
Healthcare Medical
$219.8K
$192.3K – $256.5K
NOI $15,387 @ 7.0% cap · market cap 8.79%
Theoretical Best
Multifamily LT 5
$377.7K
$330.5K – $440.7K
NOI $26,441 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02910, RI
21,907
Population
9,319
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,443
Density / Sq Mi
$85,909
Median Household Income
$47,538
Median Earnings
$1,385
Median Rent
$302,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Cranston Animal Hospital — 1119 Park Ave, Cranston, RI 02910
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor clinical space includes elevator access, three exam rooms, private offices, and shared building services.
Where is this medical office space located?
The property is located at 205-725 Reservoir Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,588‑square‑foot medical office condominium; Three exam rooms, three private offices, and two restrooms; Reception and waiting area with additional storage
