761 Park Avenue, Cranston, RI 02910
2700 SF commercial building in high-traffic Cranston location.
- Added:
- Jun 18, 2025
- Days on Market:
- 359
- Last Refresh:
- Apr 25 at 6:33 am
Property Features for 761 Park Avenue
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing agent Feng Lei License #REC.0016670 (401) 286-8898
Listing office Green Island Realty, Inc. (401) 286-8898
Listing date Jun 18, 2025
Source Liongatere
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 Green Island Realty, Inc.
HighLights
- High‑traffic location in Cranston.
- Zoned C1 for commercial use.
- 2700 square feet one‑level building.
- Off‑street parking available.
- Recently fire coded and newly painted interior.
- Previously used as medical office and beauty salon.
Overview
Local Financial Insights For Office B
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 | $54.1k | $20.04 |
| − Vacancy | −$7.6k | −$2.81 |
| EGI | $46.5k | $17.23 |
| − OpEx | −$11.6k | −$4.31 |
| NOI | $34.9k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cranston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4315886
- Latitude
- 41.7783217
