Mixed-Use Building in
4 Gansett Avenue Cranston, RI 02920
For Sale
$500,000
Mixed-use building with retail and apartment units, all currently rented.
Property Size1,715 SF
Price / SF$291.55
Days on Market125
Property Features for 4 Gansett Avenue
General Information
Standard status
Active
Size
1,715 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
My Dream Home Realty
(401) 499-4407
Listed By:
Doris Blanchard
(401) 499-4407
Source:
Liongatere
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 27 at 5:04PM
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
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 For Mixed Use
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 | $36.0k | $21.00 |
| − Vacancy | −$3.6k | −$2.10 |
| EGI | $32.4k | $18.90 |
| − OpEx | −$12.2k | −$7.09 |
| NOI | $20.3k | $11.81 |
1,715 SF · lease $21.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$289.4K
$253.2K – $337.6K
NOI $20,258 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$276.6K
$242.0K – $322.7K
NOI $19,362 @ 7.0% cap · market cap 3.87%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 Avenue 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.
