Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Riverside, RI Development Opportunity Title is generated by Realmo AI

    376 Bullocks Point Avenue, East Providence, RI 02915

    View on Map
    Claim this Listing
    For Sale
    $500,000

    COMMERCIAL - East Providence, RI

    Lot size:
    0.57 Acres
    Added:
    Oct 16, 2025
    Days on Market:
    219
    Last Refresh:
    May 22 at 12:06 pm

    Property Features for 376 Bullocks Point Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    50
    Standard status
    Active
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9295

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Building materials
    Frame

    We can help!

    Listing Contact
    Kyle Seyboth

    Listing agent Kyle Seyboth License #REB.0794296

    Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

    Listing date Oct 16, 2025

    MLS# 1397999

    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.

    HighLights

    • Large 25,000 sq. ft. lot in a prime Riverside, RI location.
    • Potential for a 40‑50 unit residential complex.
    • Opportunity to add a rooftop restaurant with water views.
    • Existing successful restaurant operating for 30 years.
    • Newly renovated restaurant dining and lounge area with modern finishes.
    • Unmatched potential for a signature development project.

    Overview

    This 25,000 sq. ft. lot is located in Riverside, East Providence, RI. It is positioned in a prime location and offers the potential for a 40-50 unit residential complex with the addition of a rooftop restaurant showcasing water views. The lot currently features a restaurant that has been operating for the last 30 years, with a newly renovated dining and lounge area offering modern finishes. The property is approximately 0.57 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lee's Chinese Restaurant Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.360898
    Latitude
    41.768605

    Nearby Similar for Sale

    • $850,000
      3,582 SF

      Mixed-Use Property in East Providence

      Impeccably maintained mixed-use property with strong income potential.
      2919 Pawtucket Avenue, East Providence, RI 02915
      View Details
    • $995,000
      9,400 SF

      Versatile Multi-Level Commercial Building

      Multi-level commercial building with high visibility in high-traffic area.
      577 Warren Avenue, East Providence, RI 02914
      View Details
    • $650,000
      2,321 SF

      East Providence Two-Family Home

      Inviting two-family home with water views and spacious rooms.
      680 Veterans Memorial Parkway, East Providence, RI 02914
      View Details
    • $625,000
      2,295 SF

      East Providence Two-Family Home

      Well-maintained two-family home in Rumford neighborhood, East Providence.
      21 Washburn Avenue, East Providence, RI 02916
      View Details
    • $600,000
      1,976 SF

      East Providence Two-Family Home

      Two-family home on a double-wide corner lot.
      131 Roma Street, East Providence, RI 02914
      View Details
    • $2,000

      East Providence Commercial Space For Sale

      Renovated commercial space with high visibility and easy highway access.
      158 Roger Williams Avenue, East Providence, RI 02916
      View Details
    • $569,000

      Mixed-Use Building, Highway Access

      Mixed-use property with commercial spaces and residential unit.
      68 Taunton Avenue, East Providence, RI 02914
      View Details
    • $1,850,000

      Riverside Restaurant with Development Potential

      Thriving restaurant on a large lot with redevelopment possibilities.
      376 Bullocks Point Avenue, East Providence, RI 02915
      View Details
    • $519,900
      2,250 SF

      East Providence Move-in Ready Duplex

      Well-maintained duplex in desirable location, ideal for owner-occupants or investors.
      85 Williams Avenue, East Providence, RI 02914
      View Details
    • $995,000
      8,000 SF

      Versatile Multi-Level Commercial Building

      Multi-level building with high visibility in a high-traffic area.
      577 Warren Avenue, East Providence, RI 02914
      View Details
    • $499,900
      2,312 SF

      East Providence Two-Family Home

      Well-maintained two-family home in desirable East Providence location.
      89 Hazelwood Avenue, East Providence, RI 02914
      View Details
    • $499,900
      2,100 SF

      East Providence Commercial Building For Sale

      2,100 sq. ft. commercial building in Taunton Avenue Business District.
      47 John Street, East Providence, RI 02914
      View Details

    FAQs

    What type of property is this?
    Commercial land - 25,000 sq. ft. lot with development potential.
    Where is this commercial land located?
    The property is located at 376 Bullocks Point Avenue East Providence, RI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Large 25,000 sq. ft. lot in a prime Riverside, RI location.; Potential for a 40‑50 unit residential complex.; Opportunity to add a rooftop restaurant with water views.
    (508) 726-3492
    We can help!
    Listing Contact
    Kyle Seyboth
    Real Estate License ID: REB.0794296
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    376 Bullocks Point Avenue, East Providence, RI 02915
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!