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    910 Park Ave Cranston, RI 02910
    Property profile & analytics

    910 Park Ave Cranston, RI 02910

    View on Map
    • Commercial real estate
    • 3,940 SF
    Off-Market
    Property ID
    US76-0169494
    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

    • Commercial real estate

    Property Details for 910 Park Ave

    Year built
    1961
    Property size
    3,940 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 7-unit mixed-use building situated on a 5,000 square foot lot at 910 Park Avenue in Cranston, Rhode Island, zip code 02910. The property, built in 1961, boasts a total of 3,940 square feet and comprises one brick building. The building currently houses seven units, each featuring one bedroom and one bathroom. All units are currently occupied, providing immediate rental income. The property is fire-coded and includes off-street shared parking for added convenience. This is a unique opportunity to acquire a well-maintained, income-generating property in a desirable Cranston location. The asking price is $799,900. The sale is "as is," reflecting the current condition of the building. This property is ideal for investors seeking a stable, multi-family investment with existing tenants. The property's location in Cranston, RI offers easy access to local amenities and transportation. The substantial lot size provides potential for future development or expansion, subject to local zoning regulations. This is a rare chance to own a well-established mixed-use property in a thriving Rhode Island community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.438633
    Latitude
    41.7799542

    Comparable in this City

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      Mixed-Use Property with Retail and Residential

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    • $674,000
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      Mixed-Use Property Near Park Avenue

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      Cranston Multi-Family Home on Double Lot

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    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
    • $364,900
      Pending

      Cranston Multi-Family Home For Sale

      Two-family home near Highway 95, Roger Williams Park, and Providence.
      545 Park Ave, Cranston, RI 02910
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    • $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
    • $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
    • New
      $575,000
      0.22 Acres

      Cranston Multi-Family Home on Double Lot

      Charming two-unit home in Cranston, RI with rental income potential.
      76 Sabra St, Cranston, RI 02910
      View Details
    • New
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      Cranston Four-Unit Investment Opportunity

      Four-unit property in Cranston with renovation and income potential.
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    Similar Nearby for Lease

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      3,800 SF

      Spacious Retail Space on Park Avenue

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      Second-Floor Office Space Available

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      Cranston Office Space For Lease

      Second-floor office space with up to ten rooms for rent.
      980 Reservoir Ave, Cranston, RI 02910
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    • Contact for pricing

      Cranston Industrial Warehouse Space Available

      16,000 SF warehouse space for lease in Cranston, RI.
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    Cranston, RI 02910
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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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