Conventional Restaurant with Full-Service
For Sale
$385,000
373 Taunton Avenue, Seekonk, MA 02771
Fully equipped kitchen, dining room, bar, and on-site parking support continued restaurant operations.
Property Size1,100 SF
Price / SF$350
Days on Market8
Property Features for 373 Taunton Avenue
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Business Opportunities
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
Frame
Building Details
Year Built
2002
Listing Agency:
Noble Realty NE
(401) 454-9192
Listed By:
Ashley Ferris
(401) 454-9192
Source:
Xome
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 21 at 4:04AM
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 Noble Realty NE
Investment Insights
Based on property information with market context.
This conventional restaurant property includes approximately 1,100± sq. ft. of space with a dining room, full-service bar, and fully equipped kitchen. The layout supports an existing restaurant operation, with the option to continue serving American, Portuguese, and Greek cuisine or introduce a different concept. A transferable liquor license and on-site parking are included. The building was constructed in 2002.
Located at 373 Taunton Avenue in Seekonk, Massachusetts, the property occupies a high-visibility position along Taunton Avenue. The site offers access to major highways and connects conveniently with both Massachusetts and Rhode Island. Its established commercial-corridor setting and restaurant configuration provide a defined operating framework for a food-service user.
Located at 373 Taunton Avenue in Seekonk, Massachusetts, the property occupies a high-visibility position along Taunton Avenue. The site offers access to major highways and connects conveniently with both Massachusetts and Rhode Island. Its established commercial-corridor setting and restaurant configuration provide a defined operating framework for a food-service user.
Key Highlights
- Approximately 1,100± sq. ft. of restaurant space
- Fully equipped kitchen with dining room and full‑service bar
- Transferable liquor license
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
$14,523
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
3.77%
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%
$290,460
$290.5K
Cap Rate 7%
$207,471
$207.5K
Cap Rate 9%
$161,367
$161.4K
Market Conditions
NOI Build-Up for 1,100 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
$19.8K $18.00/SF
− Vacancy
−$436 −$0.40/SF
EGI
$19.4K $17.60/SF
− OpEx
−$4.8K −$4.40/SF
NOI
$14.5K $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%
$290,460
Cap Rate 7%
$207,471
Cap Rate 9%
$161,367
Alternative Uses
Best Use
Specialty Retail
$207.5K
$181.5K – $242.1K
NOI $14,523 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.9K
$586.2K – $781.5K
NOI $46,892 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
49k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 25%
Shops & Services 23%
Hotels & Casinos 10%
Price Rite
Groceries
19,848 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,520 visits/mo
0.4 miles
BP
Shops & Services
6,566 visits/mo
0.1 miles
Ramada by Wyndham Seekonk Providence Area
Hotels & Casinos
5,056 visits/mo
0.3 miles
Honey Dew Donuts
Dining
4,815 visits/mo
0.1 miles
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
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 - Fully equipped kitchen, dining room, bar, and on-site parking support continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 373 Taunton Avenue Seekonk, MA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 1,100± sq. ft. of restaurant space; Fully equipped kitchen with dining room and full‑service bar; Transferable liquor license
