Property profile

2 2nd Ave Cranston, RI 02910

OFF-MARKET
Industrial properties
Property ID
US76-0226605
11,794 SF 1.35 ac lot Built 1969
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,794 SF
Lot 1.35 ac (58,604 SF)
Zoning code M2
APN CRAN M:4-2 L:1611 U:
UPID US76-0226605

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Metal Fabrication Plant
  • Factory Metal Fabrication Plant

Location

2 2nd Ave Cranston, RI 02910-4923
Cranston metro Census 13600 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$945k
Comparable Approach Comparable
$735k
Blend (final) Blend
$455k

Owner & transaction history

since 2012
2 recorded transactions
2012
$550,000
1993
$340,500

Zoning & alternative use

M2 · Cranston, RI
Zoning description

The intent of this district is to provide General Industry including Manufacture of rubber and plastics

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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