C-4 Office
For Sale
$259,900
725 Reservoir Avenue #203, Cranston, RI 02910
Established office-building setting with a flexible layout for medical, clinical, or professional business use.
Property Size1,872 SF
Price / SF$138.84
Days on Market49
Property Features for 725 Reservoir Avenue #203
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Commercial
Zoning
C-4
Building Details
Year Built
1987
Listing Agency:
Albert Realty Inc., REALTORS
(401) 944-3377
Listed By:
Scaralia Group
(401) 464-6464
Source:
Lockandkeyre
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 10:43AM
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 Albert Realty Inc., REALTORS
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Investment Insights
Based on property information with market context.
This office unit is located within a 1987-built commercial office building and offers 1,872 square feet for a practice, clinic, or professional business. The property is zoned C-4, supporting the healthcare and specialized professional uses identified for the space.
Situated at 725 Reservoir Avenue, Suite 203, in Cranston, Rhode Island, the unit is positioned within an established commercial area with regional accessibility. Its configuration is suited to healthcare providers, specialized clinics, and professional firms seeking ownership within a dedicated office environment.
Situated at 725 Reservoir Avenue, Suite 203, in Cranston, Rhode Island, the unit is positioned within an established commercial area with regional accessibility. Its configuration is suited to healthcare providers, specialized clinics, and professional firms seeking ownership within a dedicated office environment.
Key Highlights
- 1,872‑square‑foot office unit
- C‑4 zoning
- Located in a 1987‑built office building
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
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
Frequently Asked Questions
What type of property is this?
Office unit - Established office-building setting with a flexible layout for medical, clinical, or professional business use.
Where is this office unit located?
The property is located at 725 Reservoir Avenue #203 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‑foot office unit; C‑4 zoning; Located in a 1987‑built office building
