Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    383 Metacom Avenue Bristol, RI 02809

    View on Map
    Claim this Listing
    For Sale
    $3,250,000

    COMMERCIAL - Bristol, RI

    Lot size:
    1.21 Acres
    Added:
    Jun 1, 2024
    Days on Market:
    697
    Last Refresh:
    Apr 28 at 4:06 pm

    Property Features for 383 Metacom Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    100
    Standard status
    Active
    Lot size
    1.21 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    28004

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    1
    Building materials
    Masonry

    We can help!

    Listing Contact
    Kenneth Scotti

    Listing agent Kenneth Scotti License #527749

    Listing office Re/Max Properties 696 Douglas Pike, SMITHFIELD, RI

    Listing date Jun 1, 2024

    MLS# 1360535

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bristol Restaurant with Banquet Rooms

    Located in Bristol, Rhode Island, approximately 2.4 miles from Roger Williams University, this commercial property is currently operating as an upscale dining restaurant with a seating capacity of 150. The property includes multiple banquet rooms with a capacity of up to 470. The building has a total area of 23,000 square feet and is situated on a 1.21-acre parcel with parking for over 100 cars. Conceptual architectural renderings are available for a mixed-use plan that includes retail, commercial, and residential spaces. An additional parcel is available, featuring a two-family home on 2.66 acres, but it is not included in this listing. The property offers potential for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jacky's Galaxie & Sushi ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.260478
    Latitude
    41.677924

    Nearby Similar for Sale

    • $625,000

      Renovated Multifamily Home in Bristol

      Turnkey, renovated two-family home in desirable Bristol, Rhode Island.
      1382 Hope Street, Bristol, RI 02809
      View Details
    • $699,900

      Waterfront District Multi-Condo Opportunity

      Two condos in Bristol's waterfront district, sold concurrently.
      4 Bayview Avenue, Bristol, RI 02809
      View Details
    • $779,000

      Mint Condition Two-Family House

      Two-family house in Bristol, RI, near town, renovated in 2008.
      31 Garfield Avenue, Bristol, RI 02809
      View Details
    • $1,750,000

      Downtown Bristol Multi-Family Opportunity

      Two turn-key homes in downtown Bristol, RI, with customization options.
      88 Burton Street, Bristol, RI 02809
      View Details
    • $875,000

      Restaurant and Home For Sale

      Restaurant and single family home package in Bristol, RI.
      170 Franklin Street, Bristol, RI 02809
      View Details
    • $875,000

      Turnkey Home & Thriving Restaurant

      Single-family home and popular restaurant in Bristol, Rhode Island.
      2 Wilson Street, Bristol, RI 02809
      View Details
    • $649,900
      1,926 SF

      Downtown Bristol Retail/Office Opportunity

      1,526 SF unit in historic downtown Bristol, Rhode Island.
      423 Hope #21U, Bristol, RI 02809
      View Details
    • $1,995,000
      6,516 SF

      Waterfront District Mixed-Use Building

      Three-unit building in high-traffic area with waterfront views.
      382 Thames, Bristol, RI 02809
      View Details
    • $337,500
      6,000 SF

      Modern Flex Space in Bristol

      Commercial park with flexible spaces for tradesmen, artisans, craftsmen.
      75 Tupelo St, Bristol, RI
      View Details
    • $1,995,000

      Waterfront Commercial Building in Bristol

      Three-unit commercial building with restaurant tenants and warehouse space.
      382 Thames Street, Bristol, RI 02809
      View Details
    • $649,900
      1,926 SF

      Downtown Bristol Retail/Office Opportunity

      Historic downtown Bristol location ideal for retail or office use.
      423 Hope #21U, Bristol, RI 02809
      View Details
    • $3,250,000
      23,000 SF

      Bristol Restaurant with Banquet Rooms

      Upscale dining restaurant with banquet rooms and parking.
      383 Metacom, Bristol, RI 02809
      View Details

    FAQs

    What type of property is this?
    Restaurant - Upscale dining restaurant with banquet rooms and ample parking.
    Where is this restaurant located?
    The property is located at 383 Metacom Avenue Bristol, RI.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Premier location in Rhode Island's East Bay, just 2.4 miles from Roger Williams University.; Large seating capacity: **150 in the restaurant, up to 470 in multiple banquet rooms.**; Substantial **23,000 sq ft building** on a 1.21‑acre parcel with **100+ car parking.**
    (401) 232-3900
    We can help!
    Listing Contact
    Kenneth Scotti
    Real Estate License ID: 527749
    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!