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    36 Rolfe Sq Cranston, RI 02910-2804
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    Property profile & analytics

    36 Rolfe Sq Cranston, RI 02910-2804

    View on Map
    • Investment properties
    • 3,219 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Mar 5, 2020
    $500,000
    Property ID
    US76-0202435
    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
    $565,000
    Show details
    Cap Rate Potential
    6.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Kiersten Marek Psychotherapy / Psychotherapist / Family Counselor
    • Autointelligence / Car Dealership
    • Synergy Media / Marketing & Advertising / Advertising Agency
    • Ms. Janet Marquez / Family Counselor / Practitioner Service Location
    • Harmony With Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 36 Rolfe Sq

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    3,219 SF
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    CRAN M:5-1 L:587 U:
    APU
    CRANM51L587U

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $618,000
      Market price range: $410k - $805k
      AI Estimate
      $422,000
      Market price range: $224k - $537k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $575,000
      Current use
      OFFICE BUILDING
      $615,000
      Change: +7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4358
    Latitude
    41.7777
    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
    $0.00
    $83,600
    $330,600
    $414,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,613 SF

      465 Reservoir Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,613 SF
      465 Reservoir Ave, Cranston, RI 02910-1747
      View Details
    • Value Estimation by Request
      1,700 SF

      861 Reservoir Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,700 SF
      861 Reservoir Ave, Cranston, RI 02910-4454
      View Details
    • Value Estimation by Request
      3,368 SF

      1621 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,368 SF
      1621 Elmwood Ave, Cranston, RI 02910-4936
      View Details
    • Value Estimation by Request
      1,408 SF

      625 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,408 SF
      625 Park Ave, Cranston, RI 02910
      View Details
    • Value Estimation by Request
      0.11 Acres

      753 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.11 Acres
      753 Park Ave, Cranston, RI 02910-2137
      View Details
    • Value Estimation by Request
      2,183 SF

      708 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,183 SF
      708 Park Ave, Cranston, RI 02910-2148
      View Details

    Similar Nearby for Sale

    • $674,000
      3,588 SF

      Mixed-Use Property Near Park Avenue

      Mixed-use property with medical office and residential units near Park Avenue.
      1302 Elmwood Ave, Cranston, RI 02910
      View Details
    • $674,000
      3,588 SF

      Mixed-Use Property Near Park Avenue

      Mixed-use property with medical office and residential units near Park.
      1302 Elmwood Ave, Providence, RI 02910
      View Details
    • $1,150,000
      3,874 SF

      Mixed-Use Property with Retail and Residential

      Mixed-use property featuring retail, residential, and auto detailing spaces.
      508 Reservoir Ave, Cranston, RI 02910
      View Details
    • $1,150,000

      Mixed-Use Property on Reservoir Avenue

      Mixed-use property with retail, residential, and auto shop spaces.
      508 Reservoir Ave, Cranston, RI 02910
      View Details
    • $119,900

      Cranston Commercial Land For Sale

      Commercial land with existing foundation, variance needed for new construction.
      555 Park Ave, Cranston, RI 02910
      View Details

    Similar Nearby for Lease

    • 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
    • $2,200 /Mo

      Second-Floor Office Space Available

      2,528 SF office space with up to ten rooms.
      980 Reservoir Ave, Cranston, RI 02910
      View Details
    • $2,000 /Mo

      Rolfe Square Office Space

      Ground floor office with two offices, reception, and utilities included.
      37 Rolfe Sq, 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
    • 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
    • $26 SF/Yr
      1,369 SF

      Cranston Office Space For Rent

      Office space with private offices, conference room, and parking.
      872 Park Ave, Cranston, RI 02910
      View Details
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    Cranston, RI 02910-2804
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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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