Office Suite with Private
For Sale
Contact for pricing
936 Reservoir Avenue, Cranston, RI 02910
The layout includes a conference room, dedicated IT room, and private lavatory, with heat and electricity covered.
Property Size1,000 SF
Price / SF$2.75
Days on Market9
Property Features for 936 Reservoir Avenue
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Furnished
No
Highway Access
Yes
Building Details
Year Built
1934
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
Kenneth Scotti · License #REB.0016785
(401) 354-4971
Source:
Lockandkeyre
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 24 at 5:25PM
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 RE/MAX Properties
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Investment Insights
Based on property information with market context.
This office unit in Cranston contains approximately 1,000 square feet arranged as three private offices, a conference room, a dedicated IT room, and a private lavatory. Furnishings can be made available upon request. Heat and electricity are included, and on-site parking is provided.
The property is near Routes 95 and 295 and has views of Blackamore Pond. The building dates to 1934.
The property is near Routes 95 and 295 and has views of Blackamore Pond. The building dates to 1934.
Key Highlights
- Approximately 1,000 square feet with three private offices
- Conference room, dedicated IT room, and private lavatory
- Heat and electricity included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,926
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,520
$258.5K
Cap Rate 7%
$184,657
$184.7K
Cap Rate 9%
$143,622
$143.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$20.0K $20.04/SF
− Vacancy
−$2.8K −$2.81/SF
EGI
$17.2K $17.23/SF
− OpEx
−$4.3K −$4.31/SF
NOI
$12.9K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,520
Cap Rate 7%
$184,657
Cap Rate 9%
$143,622
Alternative Uses
Best Use
Office B
$184.7K
$161.6K – $215.4K
NOI $12,926 @ 7.0% cap · market cap 470.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 605.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,294
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 - The layout includes a conference room, dedicated IT room, and private lavatory, with heat and electricity covered.
Where is this office unit located?
The property is located at 936 Reservoir Avenue Cranston, RI.
What are key features of this property?
This property features: Approximately 1,000 square feet with three private offices; Conference room, dedicated IT room, and private lavatory; Heat and electricity included
