Building Details

Year built 2009

Floors in Building 1

Building materials Brick, Frame

Listing Agency: Circle 100 Real Estate c***@circle100.com Show Phone

Listed By: Shuman Hsia · License #RES.0040696 Show Phone

Added: Jul 12 Changed: Oct 20 Last Checked: Nov 2 at 1:06PM

Report an Issue

MLS# 1417560

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This Chinese restaurant property includes a 5400 SF building constructed in 2009 on a 1.3-acre site. The interior provides seating for 154 guests, high ceilings ranging from 9 to 12 feet, and an open layout designed around service circulation and dining. A full liquor license is included. Brick and frame construction, central heating, central air conditioning, and a septic tank serve the property.

The site is located off Exit #7 on Rt. 95 and near Route 138 in Richmond, Rhode Island. GB zoning is identified for the property. The restaurant has served Rhode Island, Connecticut, and Massachusetts since 1987, providing an established operating history for the existing use.

Key Highlights

• 5400 SF restaurant building with seating for 154 guests
• 1.3‑acre site in Richmond, Rhode Island
• Constructed in 2009 with brick and frame materials

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,838

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,396,760 $1.4M

Cap Rate 7%

$997,686 $997.7K

Cap Rate 9%

$775,978 $776.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$97.2K $18.00/SF

− Vacancy

−$4.1K −$0.76/SF

EGI

$93.1K $17.24/SF

− OpEx

−$23.3K −$4.31/SF

NOI

$69.8K $12.93/SF

Area

Washington County, RI

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,396,760

Cap Rate 7%

$997,686

Cap Rate 9%

$775,978

Alternative Uses

Best Use

Specialty Retail

$997.7K

$873.0K – $1.16M (±1% cap)

NOI $69,838 @ 7.0% cap · market cap 5.17%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$1.08M

$944.1K – $1.26M (±1% cap)

NOI $75,524 @ 7.0% cap · market cap 5.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bali Village Restaurant Restaurant

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom HVAC Service Butcher Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

49k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Home Improvements & Furnishings 7% Dining 5%

Cumberland Farms Shops & Services

20,457 visits/mo 0.1 miles

Mobil Shops & Services

14,532 visits/mo 0.2 miles

Dollar General Shops & Services

6,927 visits/mo 0.2 miles

Wyoming Hardware Home Improvements & Furnishings

3,228 visits/mo 0.1 miles

SUBWAY Dining

2,269 visits/mo 0.1 miles

Demographics for 02898, RI

1,887

Population

768

Households

2.5

Avg Household Size

44

Median Age

56%

College-Educated

99%

High-School Grad

11.9 sq mi

ZIP Area

159

Density / Sq Mi

$124,083

Median Household Income

$53,396

Median Earnings

$399,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Two-Unit Townhouse-Style Duplex

33 Kenyon School Road, Richmond, RI 02836

$997,500

3,840 SF

View details

Mixed-Use Building with Apartment

388 Church Street, Richmond, RI 02894

$600,000

1,671 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established food-service property with a full liquor license and an open, well-lit dining environment.

Where is this conventional restaurant located?

The property is located at 1172 Main Street Richmond, RI.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 5400 SF restaurant building with seating for 154 guests; 1.3‑acre site in Richmond, Rhode Island; Constructed in 2009 with brick and frame materials