Medical Office Suite in Masonry
For Sale
$259,900
725 Reservoir Avenue, Cranston, RI 02910
Commercial/Business,Commercial Sale, Cranston, RI
Property Size1,872 SF
Price / SF$138.84
Days on Market46
Property Features for 725 Reservoir Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c4
Parking
10
Security features
Security Lighting
Interior features
Ceiling Height (9 to 12 Ft)
Subdivision
Reservoir Avenue
Lot features
Paved, Sidewalks, Free Standing, Office Park, Suburban
Standard status
Active
Size
1,872 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6429
HOA Fee
$610 Monthly
Utilities
Heating system
Natural Gas, Central, Forced Air
Cooling system
Central Air
Building Details
Year built
1987
Number of units
2
Building materials
Masonry
Listing Agency:
Albert Realty Inc., Realtors
(401) 944-3377
Listed By:
Scaralia Group
(401) 464-6464
Added: Sep 1
Changed: Oct 14
Last Checked: Oct 16 at 9:06PM
MLS# 1421558
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.
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Investment Insights
Based on property information with market context.
This 1,872-square-foot medical office space occupies a masonry office building constructed in 1987. The unit includes ceiling heights ranging from 9 to 12 feet and is equipped with central air conditioning and central, forced-air heating powered by natural gas.
Located at 725 Reservoir Avenue in Cranston, the property carries C-4 zoning and is positioned for healthcare providers, specialized clinics, and professional office users. The combination of a dedicated medical-office classification, established building construction, and practical mechanical systems supports a range of professional workplace configurations.
Located at 725 Reservoir Avenue in Cranston, the property carries C-4 zoning and is positioned for healthcare providers, specialized clinics, and professional office users. The combination of a dedicated medical-office classification, established building construction, and practical mechanical systems supports a range of professional workplace configurations.
Key Highlights
- 1,872 square feet of medical office space
- C‑4 zoning
- Masonry office building constructed in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,139
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,780
$362.8K
Cap Rate 7%
$259,129
$259.1K
Cap Rate 9%
$201,544
$201.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$33.7K $18.00/SF
− Vacancy
−$3.5K −$1.85/SF
EGI
$30.2K $16.15/SF
− OpEx
−$12.1K −$6.46/SF
NOI
$18.1K $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%
$362,780
Cap Rate 7%
$259,129
Cap Rate 9%
$201,544
Alternative Uses
Best Use
Office B
$345.7K
$302.5K – $403.3K
NOI $24,197 @ 7.0% cap · market cap 9.31%
Second Best
Healthcare Medical
$259.1K
$226.7K – $302.3K
NOI $18,139 @ 7.0% cap · market cap 6.98%
Theoretical Best
Multifamily LT 5
$445.3K
$389.6K – $519.5K
NOI $31,170 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Cranston Animal Hospital — 1119 Park Ave, Cranston, RI 02910
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-4-zoned office space suited to healthcare providers, specialized clinics, and professional firms.
Where is this medical office space located?
The property is located at 725 Reservoir Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,872 square feet of medical office space; C‑4 zoning; Masonry office building constructed in 1987
