Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    190 Gansett Ave Gansett Ave Cranston, RI 02910

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 190 Gansett Ave Gansett Ave

    Year built
    1949
    Property type
    Retail properties
    Property subtype
    Bars

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.451
    Latitude
    41.7846

    Comparable in this City

    • Value Estimation by Request

      728 Pontiac Ave

      Individual retail properties
      728 Pontiac Ave, Cranston, RI 02910
      View Details
    • Value Estimation by Request

      834 Park Ave Park Ave

      Retail properties
      834 Park Ave Park Ave, Cranston, RI 02910
      View Details
    • Value Estimation by Request
      2,443 SF

      678 Park Ave

      Automotive properties • 2,443 SF
      678 Park Ave, Cranston, RI 02910
      View Details
    • Value Estimation by Request
      3,940 SF

      910 Park Ave

      Land • 3,940 SF
      910 Park Ave, Cranston, RI 02910
      View Details
    • Value Estimation by Request

      728 Pontiac Ave

      Office space
      728 Pontiac Ave, Cranston, RI 02910
      View Details
    • Value Estimation
      $1,750,000
      16,655 SF

      48 Rolfe Sq

      SHOW ROOM, WAREHOUSE • 16,655 SF
      48 Rolfe Sq, Cranston, RI 02910-3411
      View Details

    Similar Nearby for Sale

    • $800,000

      Gansett Ave Restaurant - $800K

      Turn-key Restaurant, Prime Location
      190 Gansett Ave, Cranston, RI 02910
      View Details
    • $475,000

      Prime Cranston Storefront Opportunity

      Turnkey Salon, High Traffic Location
      1005 Reservoir Ave, Cranston, RI 02910
      View Details
    • $1,300,000
      16,680 SF

      Industrial Building with Retail Units

      Industrial building with four retail units at a major intersection.
      551 Park Ave, Cranston, RI 02910
      View Details
    • $619,000
      0.10 Acres

      Cranston Commercial Building For Sale

      Highly visible commercial building with existing kitchen infrastructure.
      840 Park Ave, Cranston, RI 02910
      View Details
    • $559,900

      Cranston Office Building - $559,900

      Prime Cranston location, renovated office space.
      761 Park Ave, Cranston, RI 02910
      View Details
    • $689,900

      Turnkey Restaurant Infrastructure & Building

      Commercial building with complete restaurant infrastructure, ideal for owner/operator.
      190 Gansett Ave, Cranston, RI 02910
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,650 SF

      Retail Space Near I-95

      Retail property located on a busy section of Reservoir Avenue.
      460 Reservoir Ave, Cranston, RI 02910
      View Details
    • Contact for pricing
      3,800 SF

      Spacious Retail Space on Park Avenue

      First floor retail space with high visibility and ample parking.
      684 Park Ave, Cranston, RI 02910
      View Details
    • Contact for pricing
      10,570 SF

      Retail Space on Park Avenue

      Freestanding retail building with high visibility and ample parking.
      1010 Park Ave, Cranston, RI 02910
      View Details
    • $0.72 SF/Yr

      Retail Space with Loading Dock

      Centrally located retail space featuring a loading dock and private bathroom.
      1296 Park Ave, Cranston, RI 02910
      View Details
    • Contact for pricing

      Cranston Office Space For Rent

      Centrally located Cranston office space available for lease.
      995 Park Ave, Cranston, RI 02910
      View Details
    • $9 SF/Yr
      55,023 SF

      Weingeroff Blvd Warehouse Space Available

      10,296 SF Warehouse, Ample Parking
      1 Weingeroff Blvd, Cranston, RI 02910
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    190 Gansett Ave Gansett Ave
    Cranston, RI 02910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.