High-Visibility Commercial Building on Oaklawn
892 Oaklawn, Cranston, RI 02920
For Sale
$949,900
Well-maintained commercial building with parking, near Garden City Center.
Property Size4,200 SF
Lot Size0.22 Acres
Price / SF$226.17
Days on Market250
Property Features for 892 Oaklawn
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Central Air Cooling
Circuit Breakers
Forced Air Heating
Building Details
Year Built
Listing Agency:
TANASIO REALTY ADVISORS
(401) 305-7888
Listed By:
ARI TANASIO
Source:
Corcoran
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 18 at 4:15AM
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 TANASIO REALTY ADVISORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained commercial building offers high visibility on Oaklawn Avenue, near Brayton Street. The property features 4,200 square feet of versatile space on a 9,547 square foot lot. There are 13 dedicated parking spaces available. The interior includes laminate flooring, updated bathrooms, and central air. The layout has the potential to be converted back into two or three separate commercial or office suites, making it suitable for owner-occupants or multi-tenant configurations. The property is located near the Garden City Center Shopping Center, with easy access to major highways and Providence. This location is suitable for businesses seeking visibility and growth potential.
Key Highlights
- High‑visibility location on highly trafficked Oaklawn Avenue.
- Boasts 4,200 sq ft of versatile commercial space.
- 13 dedicated parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,416
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,320
$948.3K
Cap Rate 7%
$677,371
$677.4K
Cap Rate 9%
$526,844
$526.8K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$75.6K $18.00/SF
− Vacancy
−$7.9K −$1.87/SF
EGI
$67.7K $16.13/SF
− OpEx
−$20.3K −$4.84/SF
NOI
$47.4K $11.29/SF
Area
Providence County, RI
Vacancy
10.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,320
Cap Rate 7%
$677,371
Cap Rate 9%
$526,844
Alternative Uses
Best Use
Retail
$677.4K
$592.7K – $790.3K
NOI $47,416 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$999.0K
$874.2K – $1.17M
NOI $69,932 @ 7.0% cap · market cap 7.36%
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
355
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Citizens Bank
Shops & Services
6,664 visits/mo
0.3 miles
Mobil
Shops & Services
3,645 visits/mo
0.3 miles
Honey Dew Donuts
Dining
2,856 visits/mo
0.4 miles
Oaklawn Carwash
Shops & Services
1,696 visits/mo
0.1 miles
SUBWAY
Dining
1,676 visits/mo
0.4 miles
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
$336,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Providence County, RI
Properties on Market for Storefront properties in Providence County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- A Bushel and A Peck Floral Shop — 840 Oaklawn Ave, Cranston, RI 02920
- Garden Hills Florist — 751 Oaklawn Ave, Cranston, RI 02920
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained commercial building with parking, near Garden City Center.
Where is this storefront property located?
The property is located at 892 Oaklawn Cranston, RI.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: High‑visibility location on highly trafficked Oaklawn Avenue.; Boasts 4,200 sq ft of versatile commercial space.; 13 dedicated parking spaces.
