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    100 Sockanosset Cross Rd Cranston, RI 02920
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    Property profile & analytics

    100 Sockanosset Cross Rd Cranston, RI 02920

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    • Commercial real estate
    • 310,074 SF
    • 12.71 lot acres
    For Lease
    $25,835,000
    View Listing →
    Prime Retail and Office Space For Lease
    $25,835,000

    Prime Retail and Office Space

    Retail and office space in Cranston's thriving retail hub.

    100 Sockanosset Cross Rd, Cranston, RI 2920
    View Listing
    Property ID
    US76-0359616
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • COVID-19 Vaccine Location - Rhode Island / Charitable Organization / Medical Clinic
    • Michelle Fonseca / Law Firm

    Property Details for 100 Sockanosset Cross Rd

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    12.71 lot acres
    Property size
    310,074 SF
    Property type
    Commercial real estate
    APN
    CRAN M:14 L:2 U:1
    APU
    CRANM14L2U1

    Description

    This exceptional Cranston, Rhode Island property at 100 Sockanosset Cross Rd offers a unique blend of executive office and warehouse space, ideal for a variety of businesses. The building totals 112,940 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 2,875 square feet to a maximum contiguous space of 54,503 square feet. This flexibility allows for businesses of various sizes to find a suitable fit. The property is classified as Retail, Office, and Industrial, catering to diverse operational needs. Ample parking is provided with 620 spaces available for tenants and their clients. Located in Providence County, with easy access via Sockanosset Cross Road, this property benefits from a convenient location in Cranston, RI, zip code 02920. The property's versatility makes it an attractive option for companies seeking a combination of office and warehouse space in a prime Rhode Island location. The entire 112,940 square feet is currently available, presenting a rare opportunity to secure a significant footprint in a thriving market. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,382,000
      Market price range: $27.4M - $65.4M
      AI Estimate
      $18,719,000
      Market price range: $18.7M - $51.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $42,820,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.456
    Latitude
    41.7528
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $254,258
    $7,014,700
    $5,436,700
    $12,451,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      COMMERCIAL (GENERAL) • 4.05 Acres
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    • Value Estimation by Request
      2.61 Acres

      1195 Oaklawn Ave

      COMMERCIAL (GENERAL) • 2.61 Acres
      1195 Oaklawn Ave, Cranston, RI 02920-2620
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    • Value Estimation
      $3,105,000
      33,212 SF

      1170 Pontiac Ave

      SHOW ROOM, WAREHOUSE • 33,212 SF
      1170 Pontiac Ave, Cranston, RI 02920-7944
      View Details
    • Value Estimation
      $1,850,000
      17,588 SF

      1138 Pontiac Ave

      SHOW ROOM, WAREHOUSE • 17,588 SF
      1138 Pontiac Ave, Cranston, RI 02920-7921
      View Details
    • Value Estimation
      $1,855,000
      9,975 SF

      1194 Pontiac Ave

      SHOW ROOM, WAREHOUSE • 9,975 SF
      1194 Pontiac Ave, Cranston, RI 02920
      View Details
    • Value Estimation
      $17,615,000
      130,000 SF

      1400 Oaklawn Ave

      SHOW ROOM, WAREHOUSE • 130,000 SF
      1400 Oaklawn Ave, Cranston, RI 02920-2643
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,000 SF

      Retail Space Available

      40,000 SqFt retail space for sale.
      1300 Oaklawn Ave, Cranston, RI 02920
      View Details
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    • $415,000
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      Renovated Commercial Building on Corner Lot

      Four renovated units suitable for office, retail, or wellness services.
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    • $125,000

      Land Available in Cranston

      Lot available for due diligence in Cranston, Rhode Island.
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      View Details
    • $500,000

      Mixed-Use Building in Cranston

      Mixed-use building with retail and apartment units, all currently rented.
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      Two-unit property with hardwood floors and separate utilities.
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    Similar Nearby for Lease

    • $3,400 /Mo
      4,600 SF

      Commercial Space for Lease

      4600 SF commercial space available for lease.
      555 Atwood Ave, Cranston, RI 02920
      View Details
    • $10 SF/Yr

      Versatile Commercial Studios for Rent

      Private studios in Cranston with cooperative setting benefits.
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      View Details
    • Contact for pricing
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      Office Space in Chapel View

      Office space for rent in a convenient Cranston location.
      4-30 Chapel View Blvd, Cranston, RI 02920
      View Details
    • Contact for pricing
      1,529 SF

      Cranston Office Space For Lease

      Multi-tenanted office building, ideal for medical or general office use.
      35 Sockanosset Cross Rd, Cranston, RI 02920
      View Details
    • Contact for pricing
      8,636 SF

      Cranston Retail Space Available

      Retail space available for lease in Cranston, Rhode Island.
      1400 Oaklawn Ave, Cranston, RI 02920
      View Details
    • $3,400 /Mo

      Commercial Space For Lease

      4600 SF commercial space available for lease.
      555 Atwood Ave, Cranston, RI 02920
      View Details
    View Listing
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    Cranston, RI 02920
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    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
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    100 Sockanosset Cross Rd, Cranston, RI, 02920
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