Coffee Shop Property with
New
For Sale
$450,000
944 Boston Neck Road, Narragansett, RI 02882
A dedicated parking lot and included restaurant equipment support food-and-beverage use.
Property Size1,100 SF
Price / SF$409.09
Days on Market7
Property Features for 944 Boston Neck Road
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Equipment Included
Yes
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Kirby & Kirby
Listed By:
The Kirby & Kirby Team
(401) 324-0048
Source:
Teridegnan
Added: Oct 26
Changed: Oct 30
Last Checked: Nov 1 at 5:57AM
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 Kirby & Kirby
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1960 commercial building has just over 1,100 square feet of space and a full basement. Restaurant equipment remaining at the property is included in the sale, and a dedicated parking lot serves the site.
The property is located on Boston Neck Road in Narragansett, approximately five minutes from Bonnet Shores Beach Club. The surrounding area includes a residential community.
The property is located on Boston Neck Road in Narragansett, approximately five minutes from Bonnet Shores Beach Club. The surrounding area includes a residential community.
Key Highlights
- Just over 1,100 square feet of building space
- Full basement
- Restaurant equipment remaining on site conveys with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,226
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,520
$284.5K
Cap Rate 7%
$203,229
$203.2K
Cap Rate 9%
$158,067
$158.1K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$832 −$0.76/SF
EGI
$19.0K $17.24/SF
− OpEx
−$4.7K −$4.31/SF
NOI
$14.2K $12.93/SF
Area
Washington County, RI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,520
Cap Rate 7%
$203,229
Cap Rate 9%
$158,067
Alternative Uses
Best Use
Specialty Retail
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$219.8K
$192.3K – $256.4K
NOI $15,385 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
7,240 visits/mo
0.2 miles
Seasons Corner Market
Shops & Services
1,755 visits/mo
0.2 miles
Demographics for 02882, RI
12,919
Population
8,870
Households
1.5
Avg Household Size
52
Median Age
64%
College-Educated
98%
High-School Grad
12.8 sq mi
ZIP Area
1,009
Density / Sq Mi
$95,794
Median Household Income
$44,042
Median Earnings
$1,661
Median Rent
$686,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Fuel Coffee Bar — 904 Boston Neck Rd, Narragansett, RI 02882
- NY Bagels of RI — 909 Boston Neck Rd, Narragansett, RI 02882
- The Coffee Guy — 1004 Boston Neck Rd suite 2, Narragansett, RI 02882
Frequently Asked Questions
What type of property is this?
Coffee shop - A dedicated parking lot and included restaurant equipment support food-and-beverage use.
Where is this coffee shop located?
The property is located at 944 Boston Neck Road Narragansett, RI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Just over 1,100 square feet of building space; Full basement; Restaurant equipment remaining on site conveys with the sale
