Turn-Key Restaurant with Liquor
For Sale
Contact for pricing
275 child Street, Warren, RI 02885
Restaurant for sale with real estate and liquor license.
Property Size5,200 SF
Price / SF$288.46
Days on Market653
Property Features for 275 child Street
General Information
Standard status
Active
Size
5,200 SF
Total Parking Spaces
50
Property subtype
Land, Retail
Building Details
Year Built
1960
Buildings
1
Listing Agency:
The Network
(401) 467-3303
Listed By:
Braulio Diaz
Source:
Crexi
Added: Nov 14, 2024
Changed: Aug 21
Last Checked: Aug 29 at 6:56PM
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 The Network
Investment Insights
Based on property information with market context.
This is a turn-key, full-service restaurant for sale, including the real estate and a liquor license. The property offers an opportunity to establish a business in an area that needs one. The restaurant spans 5,200 square feet and includes outdoor seating. The seating options include a venue room accommodating 125 guests, a main dining area for 60 guests, and a lounge for 40 guests. It is equipped with high-end equipment and is suited for both regular diners and private events. There are over 30 dedicated parking spaces available. It is also an excellent opportunity for a restaurant owner looking to expand their brand. The restaurant offers full liquor service and an outdoor experience.
Key Highlights
- Includes Real Estate and Liquor License
- Turn‑key, Fully Equipped Restaurant
- High‑Capacity: Accommodates 225+ Guests in Venue, Dining, and Lounge areas
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
6.15%
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 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,778 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Restaurant for sale with real estate and liquor license.
Where is this conventional restaurant located?
The property is located at 275 child Street Warren, RI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Includes Real Estate and Liquor License; Turn‑key, Fully Equipped Restaurant; High‑Capacity: Accommodates 225+ Guests in Venue, Dining, and Lounge areas
