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Property profile

840 Park Ave Cranston, RI 02910

FOR SALE
Showrooms
Property ID
US76-0117104
1,776 SF 0.1 ac lot Built 1940
Last sale Jul 2023 · $500,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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840 Park Ave, Cranston, RI 02910 For Sale
$599,900 1,776 SF
840 Park Ave, Cranston, RI 02910
View Listing

Property summary

AI-generated overview

A stand-alone commercial building located at a busy intersection in Cranston, offering approximately 1,776 square feet on the main level and an additional approximately 1,776 square feet in the lower level. The lower level includes finished office space and storage. The main level layout is flexible for a range of commercial uses and includes existing kitchen infrastructure, such as dual kitchen hoods connected to a full Ansul fire suppression system, supporting food-service-related operations.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$238k
Assessed land$93k
Assessed improvement$145k
Effective rate2.83%

Value estimate

· Nov 2026
$525k
$473k – $578k
AI approach$485k
CAP approach$325k
Submarket $/SF estimate$354k
NOI build-up
Gross scheduled income$64k
Vacancy & credit loss−$7k
Operating expenses−$14k
NOI · 7.17% cap applied$43k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$127 – $250
Qualifying comparables7

Cap rate analysis

How does the asset earn?
7.17%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3
Commercial C-3 General business. Commercial C-4 Highway business. Commercial C-5 Heavy business, industry. Industrial M-l Restricted indu...
General categoryCOMMERCIAL
JurisdictionCRANSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility13.5
Veterinary Clinic9.3
Carpet & Flooring Store9.1

Location

840 Park Ave Cranston, RI 02910
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Crossway, Cranston, RI 02910 $300,000 Jun 2025 1,562 SF
986 Reservoir, Cranston, RI 02910-5122 $505,000 May 2025 2,028 SF
541 Pontiac, Cranston, RI 02910-4736 $220,000 Mar 2025 1,850 SF
749 Park, Cranston, RI 02910-2136 $280,000 Aug 2024 1,596 SF
1053 Park, Cranston, RI 02910-3239 $215,000 May 2024 1,668 SF
1300 Park, Cranston, RI 02910-3036 $550,000 Aug 2023 2,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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