Mixed-Use Building in
For Sale
$500,000
4 Gansett Ave, Cranston, RI 02920
Mixed-use building with retail and apartment units, all currently rented.
Property Size1,715 SF
Price / SF$291.55
Days on Market191
Property Features for 4 Gansett Ave
General Information
Standard status
Active
Size
1,715 SF
Building Details
Year Built
1920
Listing Agency:
My Dream Home Realty
Listed By:
Doris Blanchard
(401) 499-4407
Source:
Alpernandmesenbourg
Added: Apr 25
Changed: Oct 25
Last Checked: Oct 7 at 2:22PM
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 My Dream Home Realty
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Investment Insights
Based on property information with market context.
This mixed-use building offers 1715 square feet in a visible, centrally located, and easily accessible area of Cranston. The property includes two retail units on the first floor. The second floor features an 875 square foot apartment with a private entrance. All units are currently rented, providing immediate income and investment potential.
Key Highlights
- Immediate income from currently rented units.
- Strong investment potential due to mixed‑use structure.
- Prime, highly visible, centrally located, and easily accessible location in Cranston.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,258
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,160
$405.2K
Cap Rate 7%
$289,400
$289.4K
Cap Rate 9%
$225,089
$225.1K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$36.0K $21.00/SF
− Vacancy
−$3.6K −$2.10/SF
EGI
$32.4K $18.90/SF
− OpEx
−$12.2K −$7.09/SF
NOI
$20.3K $11.81/SF
Area
Providence County, RI
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,160
Cap Rate 7%
$289,400
Cap Rate 9%
$225,089
Alternative Uses
Best Use
Mixed Use
$289.4K
$253.2K – $337.6K
NOI $20,258 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$407.9K
$357.0K – $475.9K
NOI $28,556 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 02920, RI
37,791
Population
15,052
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
4,246
Density / Sq Mi
$79,246
Median Household Income
$51,811
Median Earnings
$1,271
Median Rent
$336,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and apartment units, all currently rented.
Where is this mixed-use property located?
The property is located at 4 Gansett Ave Cranston, RI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Immediate income from currently rented units.; Strong investment potential due to mixed‑use structure.; Prime, highly visible, centrally located, and easily accessible location in Cranston.
