Spa and Wellness
650 Oaklawn Avenue #H, Cranston, RI 02920
For Sale
New
Contact for pricing
Single-level commercial space can accommodate wellness, aesthetics, or other professional service operations.
Property Size2,500 SF
Price / SF$1.00
Days on Market3
Property Features for 650 Oaklawn Avenue #H
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Strive Realty
(401) 270-8878
Listed By:
Renee D'Amico · License RI RES.0040382
(401) 465-0710
Source:
Lockandkeyre
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 2:36PM
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 Strive Realty
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 2,500-square-foot, single-level commercial property was built in 1985. Its stated potential uses include a medical spa, wellness center, aesthetics practice, or another professional service business.
The property is at 650 Oaklawn Avenue #H in Cranston, Rhode Island, and is available beginning January 2027.
The property is at 650 Oaklawn Avenue #H in Cranston, Rhode Island, and is available beginning January 2027.
Key Highlights
- 2,500 square feet of commercial space
- Single‑level layout
- Available January 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,224
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,480
$484.5K
Cap Rate 7%
$346,057
$346.1K
Cap Rate 9%
$269,156
$269.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$4.6K −$1.85/SF
EGI
$40.4K $16.15/SF
− OpEx
−$16.1K −$6.46/SF
NOI
$24.2K $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%
$484,480
Cap Rate 7%
$346,057
Cap Rate 9%
$269,156
Alternative Uses
Best Use
Office B
$461.6K
$403.9K – $538.6K
NOI $32,315 @ 7.0% cap
Second Best
Healthcare Medical
$346.1K
$302.8K – $403.7K
NOI $24,224 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$594.7K
$520.3K – $693.8K
NOI $41,626 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- The Bright Side RI Vintage and Tarot — 845 Oaklawn Ave Suite 104, Cranston, RI 02920
- The plunge experience- Wellness center of RI — 713 Oaklawn Ave, Cranston, RI 02920
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Single-level commercial space can accommodate wellness, aesthetics, or other professional service operations.
Where is this spa & wellness property located?
The property is located at 650 Oaklawn Avenue #H Cranston, RI.
What are key features of this property?
This property features: 2,500 square feet of commercial space; Single‑level layout; Available January 2027
