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    Property profile & analytics

    Ave Pawtucket, RI 02861

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Ave

    Year built
    1925
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This thriving Pawtucket restaurant, built in 1925, presents a unique investment opportunity. Priced at $750,000, this single-unit, 1-story building sits on a substantial 16,724 square foot lot. The property boasts a recently remodeled dining room, creating a sophisticated and inviting atmosphere for patrons. The menu features a diverse selection of Portuguese cuisine, appealing to a broad customer base. The restaurant offers both dine-in and take-out options, catering to various customer preferences. Its convenient location provides ample off-street parking, ensuring a stress-free dining experience. This turnkey operation includes the established business, offering immediate revenue potential. The seller is willing to consider financing options for qualified buyers. This is a rare opportunity to acquire a well-established restaurant with a strong reputation in a desirable location. The sale includes the business and all associated assets. A confidentiality/non-disclosure agreement is required.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3527
    Latitude
    41.8817

    Comparable in this City

    • Value Estimation by Request

      Ave

      Restaurants
      0 Ave, Pawtucket, RI 02861
      View Details
    • Value Estimation by Request

      1153 Central Ave Central Ave

      Automotive properties
      1153 Central Ave Central Ave, Pawtucket, RI 02861
      View Details
    • Value Estimation
      $2,835,000
      16,182 SF

      1091 Central Ave

      SHOW ROOM, WAREHOUSE • 16,182 SF
      1091 Central Ave, Pawtucket, RI 02861-2223
      View Details
    • Value Estimation
      $980,000
      5,963 SF

      504 Central Ave

      SHOW ROOM, WAREHOUSE • 5,963 SF
      504 Central Ave, Pawtucket, RI 02861-1946
      View Details
    • Value Estimation by Request
      1,407 SF

      209 Benefit St

      SHOW ROOM, WAREHOUSE • 1,407 SF
      209 Benefit St, Pawtucket, RI 02861-1121
      View Details
    • Value Estimation by Request
      1,128 SF

      371 Benefit St

      SHOW ROOM, WAREHOUSE • 1,128 SF
      371 Benefit St, Pawtucket, RI 02861-1201
      View Details

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    • $6,000 /Mo
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      Pawtucket Warehouse Space Available

      12,000 SF warehouse with loading dock in industrial park.
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      30,208 SF

      Pawtucket Warehouse with Immediate Occupancy

      30,208 SF warehouse space available for immediate occupancy.
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    Ave
    Pawtucket, RI 02861
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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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