Two-Office Suite with Utilities
For Sale
Contact for pricing
995 Park Avenue, Cranston, RI 02910
Two private offices in a compact upper-level suite with all utilities included.
Property Size360 SF
Price / SF$2.15
Days on Market100
Property Features for 995 Park Avenue
General Information
Standard status
Active
Size
360 SF
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
CYCAD REALTY, LLC
(508) 679-3124
Listed By:
Marong Tho · License #REB.0017253
(508) 863-0508
Source:
Lockandkeyre
Added: Jul 23
Changed: Oct 29
Last Checked: Oct 28 at 8:29AM
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 CYCAD REALTY, LLC
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Investment Insights
Based on property information with market context.
This two-private-office suite is set up for professional use on the upper level. The space totals just under 400 square feet and includes all utilities, providing a straightforward, plug-in option for an office tenant looking to operate from a dedicated suite.
The building is described as being in a high-traffic area, with established attorney offices also located on the upper level. The surrounding tenant mix may support a professional services environment.
An additional larger office space is also available for rent, offering flexibility if you need more room than this suite provides.
The building is described as being in a high-traffic area, with established attorney offices also located on the upper level. The surrounding tenant mix may support a professional services environment.
An additional larger office space is also available for rent, offering flexibility if you need more room than this suite provides.
Key Highlights
- Upper‑level office suite features 2 private offices
- Total space is a little under 400 SF
- All utilities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,653
Suggested Prices Based on Cap Rates
Cap Rate 5%
$93,060
$93.1K
Cap Rate 7%
$66,471
$66.5K
Cap Rate 9%
$51,700
$51.7K
Market Conditions
NOI Build-Up for 360 SF
Gross rent
$7.2K $20.04/SF
− Vacancy
−$1.0K −$2.81/SF
EGI
$6.2K $17.23/SF
− OpEx
−$1.6K −$4.31/SF
NOI
$4.7K $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%
$93,060
Cap Rate 7%
$66,471
Cap Rate 9%
$51,700
Alternative Uses
Best Use
Office B
$66.5K
$58.2K – $77.6K
NOI $4,653 @ 7.0% cap · market cap 600.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$85.6K
$74.9K – $99.9K
NOI $5,994 @ 7.0% cap · market cap 773.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two private offices in a compact upper-level suite with all utilities included.
Where is this office unit located?
The property is located at 995 Park Avenue Cranston, RI.
What are key features of this property?
This property features: Upper‑level office suite features 2 private offices; Total space is a little under 400 SF; All utilities included
