Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant and Bar on 5+ Acres Title is generated by Realmo AI

    809 Nooseneck Hill, West Greenwich, RI 02817

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Fully operational restaurant and bar with outdoor space on 5+acres.

    Property size:
    2,904 SF
    Lot size:
    5.09 Acres
    Price / SF:
    $430/SF
    Added:
    Sep 30, 2025
    Days on Market:
    226
    Last Refresh:
    Mar 16 at 11:01 am

    Property Features for 809 Nooseneck Hill

    General Information

    Standard status
    Active
    Size
    2,904 SF
    Lot size
    5.09 Acres

    Building Details

    Year Built
    1912

    We can help!

    Listing Contact
    MARK WARRENER
    MARK WARRENER

    Listing agent MARK WARRENER

    Listing office HOMESMART PROFESSIONALS

    Listing date Sep 30, 2025

    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 HOMESMART PROFESSIONALS

    HighLights

    • Fully operational restaurant/bar ready for its next owner.
    • Located on 5.09 acres on Route 3.
    • Established clientele provides a solid foundation.
    • Vast outdoor space for special functions, a unique selling point.
    • Business opportunity awaits the right entrepreneur.
    • Year Built: 1912.

    Overview

    This is a fully operational restaurant and bar situated on 5.09 acres. The property is located on Route 3 and has an established clientele. The building size is 2904 square feet. The property includes a vast outdoor space suitable for special functions. The property is suitable for restaurants, conventional restaurants, bars, pubs, and other commercial real estate ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Tavern on the Hill Bar & Pub

    Suggested Use

    Auto Repair Shop Auto Parts Store Gym & Fitness Center Food Market Grocery & Convenience Store Bar & Pub Car Rental Facility Veterinary Clinic (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

    Similar Places Nearby

    • The Woods Tavern — 45 Nooseneck Hill Rd #1, West Greenwich, RI 02817

    Location Insight

    • Map
    • Local Demand
    City
    West Greenwich
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.6356254
    Latitude
    41.6161278

    Nearby Similar for Sale

    • $17
      8,400 SF

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building, flexible configurations, excellent highway access.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $17
      8,400 SF

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building near I-95 in West Greenwich.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $17
      8,400 SF

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building near I-95 in West Greenwich.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $359,900

      Commercial Storage Units For Sale

      Storage units with high visibility and unmatched access.
      75 Division Road unit: 1, West Greenwich, RI 02817
      View Details
    • $359,900

      Commercial Storage Unit For Sale

      Storage unit for sale near I-95 with high visibility.
      75 Division Road unit: 2, West Greenwich, RI 02817
      View Details
    • $17
      8,400 SF

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building near I-95 in West Greenwich.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $359,900

      West Greenwich Commercial Storage Unit

      Commercial storage unit near I-95 with high visibility and unmatched access.
      75 Division Road unit: 3, West Greenwich, RI 02817
      View Details
    • $17
      8,400 SF

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building near I-95 in West Greenwich.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $17

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building near I-95 in West Greenwich.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $17

      West Greenwich Commercial Building For Sale

      8,400 SF commercial building suitable for various business needs.
      39 Nooseneck Hill Road, West Greenwich, RI 02817
      View Details
    • $4,000

      Versatile Commercial Building in West Greenwich

      Strategically located commercial building suitable for various business operations.
      111 Hopkins Hill Road unit: 5B, West Greenwich, RI 02817
      View Details
    • $359,900

      West Greenwich Commercial Storage Unit

      Commercial storage unit near I-95, ideal for various business uses.
      75 Division Road unit: 4, West Greenwich, RI 02817
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Fully operational restaurant and bar with outdoor space on 5+acres.
    Where is this bar & pub located?
    The property is located at 809 Nooseneck Hill West Greenwich, RI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Fully operational restaurant/bar ready for its next owner.; Located on 5.09 acres on Route 3.; Established clientele provides a solid foundation.
    (401) 921-5011
    We can help!
    Listing Contact
    MARK WARRENER
    MARK WARRENER
    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

    Thank You for Inquiry
    809 Nooseneck Hill, West Greenwich, RI 02817
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!