Restaurant Building with Liquor
For Sale
$1,400,000
275 Child St, Warren, RI 02885
For-sale restaurant building with equipment and liquor license included for the real estate purchase.
Property Size5,200 SF
Days on Market87
Property Features for 275 Child St
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Commercial
Additional Details
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$11,998
Building Details
Building Size
5,200 SF
Year Built
1960
Listing Agency:
RE/MAX Legacy
(617) 712-5582
Listed By:
Kade Phillips · License #RES.0048988
Source:
Classifiedrealtygroup
Added: Jun 4
Changed: Aug 26
Last Checked: Aug 29 at 5:48AM
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 RE/MAX Legacy
Investment Insights
Based on property information with market context.
This for-sale commercial building at 275 Child St is approximately 5,200 square feet and was formerly operated as a restaurant. The property includes a functional layout intended for food service, with flexibility noted for adaptation to other commercial concepts such as a café, retail use, or other ventures.
The building is located in Warren and is described as being positioned in a highly visible, active area with nearby shops, restaurants, and local businesses. The offering is for the real estate only, and the published terms specify that the business itself is not included in the sale.
As presented, the purchase includes the building along with equipment and a liquor license. This makes the property a practical fit for an owner-user who wants to restart food service or convert the space for a different retail or commercial use, using the included operating assets that transfer with the real estate.
The building is located in Warren and is described as being positioned in a highly visible, active area with nearby shops, restaurants, and local businesses. The offering is for the real estate only, and the published terms specify that the business itself is not included in the sale.
As presented, the purchase includes the building along with equipment and a liquor license. This makes the property a practical fit for an owner-user who wants to restart food service or convert the space for a different retail or commercial use, using the included operating assets that transfer with the real estate.
Key Highlights
- Commercial building at 275 Child St in the heart of Warren, built in 1960
- Previously operated as a restaurant, with layout suited to food service use
- Includes equipment and a liquor license with the real estate purchase
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,294
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,845,880
$1.8M
Cap Rate 7%
$1,318,486
$1.3M
Cap Rate 9%
$1,025,489
$1.0M
Market Conditions
NOI Build-Up for 5,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$127.9K $24.60/SF
− Vacancy
−$4.9K −$0.93/SF
EGI
$123.1K $23.67/SF
− OpEx
−$30.8K −$5.92/SF
NOI
$92.3K $17.75/SF
Area
Bristol County, RI
Vacancy
3.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,845,880
Cap Rate 7%
$1,318,486
Cap Rate 9%
$1,025,489
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,294 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,778 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,931 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
5,543 visits/mo
0.4 miles
Bank of America
Shops & Services
3,239 visits/mo
0.5 miles
Prime Storage
Shops & Services
264 visits/mo
0.2 miles
Demographics for 02885, RI
11,147
Population
5,546
Households
2
Avg Household Size
47
Median Age
36%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
1,798
Density / Sq Mi
$89,722
Median Household Income
$53,980
Median Earnings
$1,253
Median Rent
$363,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For-sale restaurant building with equipment and liquor license included for the real estate purchase.
Where is this conventional restaurant located?
The property is located at 275 Child St Warren, RI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Commercial building at 275 Child St in the heart of Warren, built in 1960; Previously operated as a restaurant, with layout suited to food service use; Includes equipment and a liquor license with the real estate purchase
