Restaurant Property with
For Sale
$550,000
296 County St, Fall River, MA 02723
Established food-and-beverage property with a prep kitchen, bar, lottery setup, pool table, and guest parking.
Property Size1,950 SF
Days on Market122
Property Features for 296 County St
General Information
Standard status
Active
Size
1,950 SF
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
1,950 SF
Year Built
1950
Listing Agency:
revolv Real Estate
(508) 493-2829
Listed By:
Jade Garcia
(508) 493-2829
Source:
Iverty
Added: May 1
Changed: Aug 29
Last Checked: May 7 at 11:10PM
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 revolv Real Estate
Investment Insights
Based on property information with market context.
This conventional restaurant property includes an operating bar, dining area, prep kitchen, lottery setup, and pool table. The improvements also feature an outdoor patio for additional seating and a large parking area for visitors. The property was built in 2005 and includes the real estate associated with Latino's Cafe.
Located at 296 County Street in Fall River, Massachusetts, the property benefits from its visible position and reported steady foot traffic. The existing combination of dining, bar, patio, and recreational features supports a varied customer experience within one commercial setting.
Located at 296 County Street in Fall River, Massachusetts, the property benefits from its visible position and reported steady foot traffic. The existing combination of dining, bar, patio, and recreational features supports a varied customer experience within one commercial setting.
Key Highlights
- Operating bar and restaurant property at 296 County Street, Fall River, MA 02723
- Built in 2005
- Includes bar, dining area, prep kitchen, lottery setup, and pool table
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
$25,746
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
4.68%
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%
$514,920
$514.9K
Cap Rate 7%
$367,800
$367.8K
Cap Rate 9%
$286,067
$286.1K
Market Conditions
NOI Build-Up for 1,950 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
$35.1K $18.00/SF
− Vacancy
−$772 −$0.40/SF
EGI
$34.3K $17.60/SF
− OpEx
−$8.6K −$4.40/SF
NOI
$25.7K $13.20/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$18.00 /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%
$514,920
Cap Rate 7%
$367,800
Cap Rate 9%
$286,067
Alternative Uses
Best Use
Specialty Retail
$367.8K
$321.8K – $429.1K
NOI $25,746 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,126 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,081
Businesses Nearby
114k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 26%
Groceries 20%
Electronics 5%
Price Rite
Groceries
23,330 visits/mo
0.3 miles
Dollar Tree
Shops & Services
22,763 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,496 visits/mo
0.2 miles
Speedway
Shops & Services
10,668 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,339 visits/mo
0.5 miles
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established food-and-beverage property with a prep kitchen, bar, lottery setup, pool table, and guest parking.
Where is this conventional restaurant located?
The property is located at 296 County St Fall River, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Operating bar and restaurant property at 296 County Street, Fall River, MA 02723; Built in 2005; Includes bar, dining area, prep kitchen, lottery setup, and pool table
