Multi-Suite Office
New
For Sale
$1,350,000
41 Rolfe Square, Cranston, RI 02910
Commercial/Business,Commercial Sale, Cranston, RI
Property Size5,209 SF
Lot Size0.11 Acres
Price / SF$259.17
Days on Market2
Property Features for 41 Rolfe Square
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Rooms
Basement
Parking
18
Security features
Security System
Interior features
Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft)
Basement
Full
Subdivision
Rolfe Square
Lot features
Suburban
Standard status
Active
Size
5,209 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11469
Utilities
Cooling system
Central Air
Building Details
Year built
1900
Number of units
3
Building materials
Frame, Masonry
Listing Agency:
Era Empire Real Estate
(401) 217-4442
Listed By:
Jimmy Ranieri · License #REC.0016826
(401) 413-5620
Added: Oct 14
Last Checked: Oct 15 at 1:06AM
MLS# 1425715
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two office buildings at 41 Rolfe Square contain 5,209 square feet on a 0.1148-acre parcel. The property includes eight individually occupied executive suites, shared areas, a kitchenette and bathroom facilities. A separate private office on the first floor has been renovated and offers additional workspace. Central air, a basement and ceiling heights ranging from 7 to 12 feet are among the building features.
Renovations to both buildings included updated mechanical systems and structural improvements, along with modernized finishes. The property was built in 1900 and is zoned C3. Located in Cranston, the two-building layout combines occupied suites with a distinct private office.
Renovations to both buildings included updated mechanical systems and structural improvements, along with modernized finishes. The property was built in 1900 and is zoned C3. Located in Cranston, the two-building layout combines occupied suites with a distinct private office.
Key Highlights
- Two office buildings totaling 5,209 square feet
- 0.1148‑acre parcel zoned C3
- Eight individually occupied executive suites with shared areas, kitchenette and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,330
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,600
$1.3M
Cap Rate 7%
$961,857
$961.9K
Cap Rate 9%
$748,111
$748.1K
Market Conditions
NOI Build-Up for 5,209 SF
Gross rent
$104.4K $20.04/SF
− Vacancy
−$14.6K −$2.81/SF
EGI
$89.8K $17.23/SF
− OpEx
−$22.4K −$4.31/SF
NOI
$67.3K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,600
Cap Rate 7%
$961,857
Cap Rate 9%
$748,111
Alternative Uses
Best Use
Office B
$961.9K
$841.6K – $1.12M
NOI $67,330 @ 7.0% cap · market cap 4.99%
Second Best
Mixed Use
$879.0K
$769.1K – $1.03M
NOI $61,531 @ 7.0% cap · market cap 4.56%
Theoretical Best
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,732 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Eight executive suites and a separate first-floor office provide multiple office configurations.
Where is this office building located?
The property is located at 41 Rolfe Square Cranston, RI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two office buildings totaling 5,209 square feet; 0.1148‑acre parcel zoned C3; Eight individually occupied executive suites with shared areas, kitchenette and bathrooms
