Mixed-Use Building in
4 Gansett Avenue Cranston, RI 02920
4 Gansett Avenue, Cranston, RI, 02920
$500,000
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 Market118
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 Checked: Jul 20 at 4:51 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 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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
