Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 High St Burrillville, RI 02859

    Sponsored
    For Sale
    $219,000

    COMMERCIAL - Burrillville, RI

    Days on Market:
    17
    Last Refresh:
    Jan 24 at 8:06 pm

    Property Features for 16 High St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    VC
    Parking
    30
    Interior features
    Ceiling Height (9 to 12 Ft)

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Kristen Moore
    Kristen Moore

    RE/MAX PROPERTIES (401) 232-3900

    Listing agent Kristen Moore (401) 413-6907

    Listing date Jan 8, 2026

    MLS# 1402857

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant Opportunity in Burrillville

    This is a turnkey business opportunity featuring an active liquor license. It is located in a standalone unit within the redevelopment area of Pascoag in Burrillville, Rhode Island. The property is currently operating as Cow's Tail Deli & Creamery, offering a menu of sandwiches, salads, and dinners, along with a full creamery during warmer months. The zoning is VC. All equipment is in place for a new owner to take over the existing business or introduce new concepts to the community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Burrillville
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.703483
    Latitude
    41.955341

    Nearby Similar for Sale

    • $550,000
      0.66 Acres

      Former Church with Rectory Home

      Unique property with church, hall, kitchen, and attached residence.
      156 Broad St, Burrillville, RI 02859
      View Details
    • $475,000
      Pending

      Spacious Duplex in Burrillville, RI

      Large duplex with income potential in a desirable location.
      40 Remington Ave, Burrillville, RI 02858
      View Details
    • $650,000
      0.53 Acres

      Turnkey Restaurant Business & Real Estate

      Restaurant business and real estate opportunity in Burrillville, Rhode Island.
      405 Church St, Burrillville, RI 02859
      View Details
    • $650,000
      0.46 Acres

      Updated Four-Unit Investment Property

      Turn-key, income-generating four-unit property in Burrillville.
      11 Central St, Burrillville, RI 02830
      View Details
    • $899,900
      Pending

      Turn-Key 5-Unit Investment Property

      Fully renovated 5-unit property with solid income and long-term stability.
      248 Church St, Burrillville, RI 02859
      View Details
    • $625,000
      0.66 Acres

      Burrillville Multifamily Investment Opportunity

      Four-unit property in Pascoag with updated systems and long-term tenants.
      161 Sayles Ave, Burrillville, RI 02859
      View Details
    • Contact for pricing

      Route 102 Commercial Barn

      Burrillville barn with versatile potential on busy Route 102.
      600 Broncos Hwy, Burrillville, RI 02839
      View Details
    • $50,000

      Established Hair Salon in Plaza

      Long-established hair salon in a busy Pascoag plaza.
      62 N Main St, Burrillville, RI 02859
      View Details
    • $600,000
      3,461 SF

      Turnkey Restaurant with Mixed-Use Potential

      Turnkey restaurant with apartment and mixed-use zoning on 3.5-acre lot.
      1950 Broncos Hwy, Burrillville, RI 02826
      View Details
    • $600,000
      3,461 SF

      Retail or Restaurant Opportunity

      Two spacious units in a high-traffic Burrillville location.
      1950 Bronco Hwy, Glendale, RI 02858
      View Details
    • $1,300,000
      1.00 Acre

      Prime Burrillville Restaurant & Apartment

      Established Restaurant, Turnkey Opportunity, High Income Potential.
      2692 Victory Hwy, Burrillville, RI 02830
      View Details
    • $1,250,000
      0.72 Acres

      Burrillville Commercial Property - Huge Potential

      Auto Shop, Storefront, & Garage on 0.72 Acres
      6 Hill Rd, Burrillville, RI 02830
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant with active liquor license in Pascoag redevelopment area.
    Where is this restaurant located?
    The property is located at 16 High St Burrillville, RI.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: - Turnkey business opportunity with active liquor license.; - Located in the redevelopment area of Pascoag.; - All equipment in place for immediate operation.
    (401) 232-3900
    Request Owner's contact information
    16 High St Burrillville, RI 02859
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16 High St
    Burrillville, RI 02859
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16 High St Burrillville, RI 02859
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristen Moore
    Kristen Moore
    (401) 232-3900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.