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    383 Metacom Ave Metacom Ave Bristol, RI 02809
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    383 Metacom Ave Metacom Ave Bristol, RI 02809

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 383 Metacom Ave Metacom Ave

    Year built
    1988
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.2604
    Latitude
    41.6781

    Comparable in this City

    • Value Estimation by Request
      80,000 SF

      6-40 Gooding Ave

      Neighborhood centers • 80,000 SF
      6-40 Gooding Ave, Bristol, RI 02809
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    • Value Estimation by Request
      1.05 Acres

      Surf Dr

      Land • 1.05 Acres
      0 Surf Dr, Bristol, RI 02809
      View Details
    • Value Estimation by Request
      554 SF

      290 Wood St

      SHOW ROOM, WAREHOUSE • 554 SF
      290 Wood St, Bristol, RI 02809-3232
      View Details
    • Value Estimation
      $2,765,000
      26,900 SF

      15 Gooding Ave

      SHOW ROOM, WAREHOUSE • 26,900 SF
      15 Gooding Ave, Bristol, RI 02809-2631
      View Details
    • Value Estimation
      $1,230,000
      8,000 SF

      625 Metacom Ave

      SHOW ROOM, WAREHOUSE • 8,000 SF
      625 Metacom Ave, Bristol, RI 02809-5131
      View Details
    • Value Estimation by Request
      2,462 SF

      590 Metacom Ave

      SHOW ROOM, WAREHOUSE • 2,462 SF
      590 Metacom Ave, Bristol, RI 02809-5146
      View Details

    Similar Nearby for Sale

    • $3,250,000
      1.21 Acres

      Bristol Restaurant with Banquet Rooms

      Upscale dining restaurant with banquet rooms and ample parking.
      383 Metacom Ave, Bristol, RI 02809
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    • $1,995,000

      Waterfront District Investment Opportunity

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      6,516 SF

      Waterfront District Commercial Building For Sale

      Free-standing building with three units in high-traffic waterfront district.
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    • $1,995,000
      0.33 Acres

      Waterfront Commercial Building in Bristol

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      382 Thames St, Bristol, RI 02809
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    • $875,000
      1,440 SF

      Turnkey Home & Thriving Restaurant

      Single-family home and popular restaurant in Bristol, Rhode Island.
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    • $1,995,000
      6,516 SF

      Waterfront District Mixed-Use Building

      Three-unit building in high-traffic area with waterfront views.
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    Similar Nearby for Lease

    • Contact for pricing

      Bristol Shopping Center Retail Opportunity

      Retail units and land available for lease in Bristol.
      6-40 Gooding Ave, Bristol, RI 02809
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      Retail Space Available For Rent

      Retail spaces available, ranging from 1,087 to 3,000 SqFt.
      576 Metacom Ave, Bristol, RI 02809
      View Details
    • Contact for pricing
      1,096 SF

      New Construction Office Space

      Modern office suite with versatile rooms and ample parking.
      2 Peter Rd, Bristol, RI 02809
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    • $1.58 SF/Yr

      Downtown Bristol Office Space Available

      Newly painted offices in downtown Bristol with utilities included.
      399 Hope St, Bristol, RI 02809
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    • $12 SF/Yr
      29,607 SF

      Modern Manufacturing Warehouse Space

      Class A warehouse and manufacturing facility built in 2008.
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    • $12 SF/Yr
      10,560 SF

      Updated Industrial Space Available

      5,325 SF industrial space with high ceilings and large door.
      55 Ballou Blvd, Bristol, RI 02809
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    Bristol, RI 02809
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    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
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