Three-Office Professional
For Sale
$185,000
B-1119 Reservoir Ave, Cranston, RI 02910
Professional office condominium with private offices, a reception area, and a dedicated bath.
Property Size784 SF
Price / SF$235.97
Days on Market78
Property Features for B-1119 Reservoir Ave
General Information
Standard status
Active
Size
784 SF
Taxes and HOA fees
Annual Taxes
$3,421
Listing Agency:
Albert Realty Inc., REALTORS
(401) 944-3377
Listed By:
Scaralia Group
(401) 464-6464
Source:
Exprealty
Added: Jul 20
Changed: Sep 12
Last Checked: Oct 4 at 7:21PM
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
Investment Insights
Based on property information with market context.
This 784-square-foot office condominium is arranged with three private offices, an administration and waiting area, and a private bathroom. The suite is within a four-suite professional office building and is available for immediate occupancy.
The property is located at B-1119 Reservoir Ave in Cranston, just outside Garden City Center. The setting provides access to major highways and nearby amenities, while the property’s location offers exposure along a high-traffic corridor.
The property is located at B-1119 Reservoir Ave in Cranston, just outside Garden City Center. The setting provides access to major highways and nearby amenities, while the property’s location offers exposure along a high-traffic corridor.
Key Highlights
- 784‑square‑foot office condominium suite
- Three private offices with administration and waiting area
- Private bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,134
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,680
$202.7K
Cap Rate 7%
$144,771
$144.8K
Cap Rate 9%
$112,600
$112.6K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$15.7K $20.04/SF
− Vacancy
−$2.2K −$2.81/SF
EGI
$13.5K $17.23/SF
− OpEx
−$3.4K −$4.31/SF
NOI
$10.1K $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%
$202,680
Cap Rate 7%
$144,771
Cap Rate 9%
$112,600
Alternative Uses
Best Use
Office B
$144.8K
$126.7K – $168.9K
NOI $10,134 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$186.5K
$163.2K – $217.6K
NOI $13,054 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,253
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office condominium with private offices, a reception area, and a dedicated bath.
Where is this office units located?
The property is located at B-1119 Reservoir Ave Cranston, RI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 784‑square‑foot office condominium suite; Three private offices with administration and waiting area; Private bathroom included
