Add Listing
    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

    254 Market Street Warren, RI 2885

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,000

    Family-owned pizzeria with online client base and diverse menu.

    Type:Commercial
    Added:
    Aug 1, 2024
    Days on Market:
    629
    Last Refresh:
    Apr 5 at 9:23 pm

    Property Features for 254 Market Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Jill Oliveira

    Listing agent Jill Oliveira

    Listing office Keller Williams South Watuppa

    Listing date Aug 1, 2024

    Source Corcoran

    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 South Watuppa

    Overview

    Established Pizzeria in High-Traffic Area

    This is a well-established, family-owned and operated pizzeria located in a high-traffic area with ample parking. The business has a mainly call-in/online client base and features a diverse menu with a focus on specialty pizzas. The current menu prices allow room for increased profit. The owners and employees are willing to stay on until the transfer is comfortably established.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glacier Ice Co Big Box & Wholesale Store Malik's Fine Wine ... (Bike/Boat/Book/etc) Store Balasco's Pizzeria Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.2741
    Latitude
    41.7332

    Nearby Similar for Sale

    • $1,900

      Versatile Commercial Live-Work Space

      Well-maintained unit ideal for office, studio, or live/work.
      176 Child Street, Warren, RI 02885
      View Details
    • $699,000

      Mixed-Use Buildings in Warren, RI

      Three buildings with commercial and residential units, plus detached garage.
      367 Child Street, Warren, RI 02885
      View Details
    • $2.00

      Downtown Warren Office Space Available

      Professional office space in downtown Warren, steps from amenities.
      10 Child Street, Warren, RI 02885
      View Details
    • $1,499,000

      Warren RI Investment Opportunity

      Multi-property purchase opportunity in the heart of Warren, Rhode Island.
      367 Child Street, Warren, RI 02885
      View Details
    • $2,000

      Office with Secure Outdoor Storage

      Office space with gated, secure outdoor storage included.
      51 Cole Street, Warren, RI 02885
      View Details
    • $500

      Downtown Warren Office Space

      Office space in the heart of downtown Warren, Rhode Island.
      16 Miller Street, Warren, RI 02885
      View Details
    • $1,250,000
      4,150 SF

      Historic Warren Multifamily Mansion

      Six-unit historic mansion in Warren's Waterfront Historic District.
      21 Federal Street, Warren, RI 02885
      View Details
    • $699,000
      5,511 SF

      Mixed-Use Property in Warren

      Multi-building mixed-use property with commercial and residential units.
      367 377 Child Street, Warren, RI 02885
      View Details
    • $1,750,000

      Retail Investment Opportunity in Warren

      Commercial property with high visibility and income-producing potential.
      628 Metacom Avenue, Warren, RI 02885
      View Details
    • $985,000
      1,152 SF

      Del's Lemonade Franchise & Real Estate

      Thriving Del's Frozen Lemonade franchise with prime real estate.
      65 Child, Warren, RI 02885
      View Details
    • $1,250,000

      Historic Warren Multifamily Investment

      Historic 6-unit multifamily property in Warren's Waterfront Historic District.
      21 Federal Street, Warren, RI 02885
      View Details
    • $1,250,000

      Historic Warren Multifamily Investment

      Six-unit historic mansion in Warren's Waterfront Historic District.
      21 Federal Street, Warren, RI 02885
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Family-owned pizzeria with online client base and diverse menu.
    Where is this conventional restaurant located?
    The property is located at 254 Market Street Warren, RI.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: High‑traffic location with ample parking.; Established family‑owned and operated pizzeria.; Mainly call‑in/online client base.
    (508) 677-3233
    We can help!
    Listing Contact
    Jill Oliveira
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!