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Building Details

Year Built 1984

Listing Agency: Keller Williams Leading Edge Show Phone

Listed By: Erensoy Durmaz · License #RES.0046709 Show Phone

Source: Lockandkeyre

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 15 at 2:37AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Leading Edge

Investment Insights

Based on property information with market context.

This 1,536-square-foot restaurant space at 1690 West Shore Road includes a commercial hood with fire suppression, a walk-in cooler and freezer, and a kitchen prep area. Cooking equipment includes a fryer and grill; the space also has a bar, tables, and chairs. The building dates to 1984, and on-site parking accommodates 10+ cars.

West Shore Road is the property address in Warwick. Route 117, Route 1, and Interstate 95 are identified as nearby routes, with T.F. Green International Airport also cited in the surrounding area.

Key Highlights

• 1,536 SF restaurant space
• Commercial hood with fire suppression system
• Walk‑in cooler and freezer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,929

Suggested Prices Based on Cap Rates

Cap Rate 5%

$538,580 $538.6K

Cap Rate 7%

$384,700 $384.7K

Cap Rate 9%

$299,211 $299.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$36.9K $24.00/SF

− Vacancy

−$958 −$0.62/SF

EGI

$35.9K $23.38/SF

− OpEx

−$9.0K −$5.84/SF

NOI

$26.9K $17.53/SF

Area

Kent County, RI

Vacancy

2.60%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$538,580

Cap Rate 7%

$384,700

Cap Rate 9%

$299,211

Alternative Uses

Best Use

Specialty Retail

$384.7K

$336.6K – $448.8K (±1% cap)

NOI $26,929 @ 7.0% cap · market cap 841.53%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Three Filippous Twisted ... Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Restaurant

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

Yes

Sprinkler system

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

170

Businesses Nearby

10k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 72% Shops & Services 28%

Dunkin' Donuts Dining

6,916 visits/mo 0.1 miles

Sunoco Shops & Services

2,753 visits/mo 0.1 miles

Demographics for 02889, RI

28,277

Population

11,947

Households

2.4

Avg Household Size

44

Median Age

26%

College-Educated

91%

High-School Grad

8.5 sq mi

ZIP Area

3,327

Density / Sq Mi

$85,617

Median Household Income

$50,988

Median Earnings

$1,216

Median Rent

$299,900

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Food-service fixtures and cooking equipment are already in place for restaurant operations.

Where is this conventional restaurant located?

The property is located at 1690 West Shore Road Warwick, RI.

What are key features of this property?

This property features: 1,536 SF restaurant space; Commercial hood with fire suppression system; Walk‑in cooler and freezer