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    Property profile & analytics

    2692 Victory Hwy Burrillville, RI 02830

    • Investment properties
    • 5,074 SF
    • 1.03 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Location Intelligence
    Property ID
    US76-0301573
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Uncle Ronnie's Red Tavern / Bar & Grill

    Property Details for 2692 Victory Hwy

    Year built
    1940
    Construction
    FRAME
    Lot size
    1.03 lot acres
    Property size
    5,074 SF
    Zone code
    GC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BURR M:114 L:051
    APU
    BURRM114L051

    Description

    This exceptional investment opportunity presents a well-established restaurant and bar located at 2692 Victory Highway, Burrillville, RI. The property boasts a spacious layout including a separate dining room and lounge area, a bar with seating for over 20 patrons, and a newly constructed deck for outdoor dining. A large banquet room, accommodating 60+ guests, features a second bar, ideal for private events. Adding to the income potential is a separate three-bedroom apartment with a private entrance, currently owner-occupied, offering flexibility for additional rental income. The property also includes ample parking with 65+ paved spaces and extensive dry goods storage. Recent significant upgrades include a brand-new computer system, a new roof, a new walk-in cooler, a new freezer, and new vinyl siding. The property is connected to town sewer. Financial information is available upon request, maintaining complete confidentiality. This turnkey operation is ready for a new owner to step in and continue its success. The property sits on one acre of land and is listed at $1,300,000. This is a rare opportunity to acquire a thriving business and valuable real estate in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $455,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $450,000
      Mixed-Use
      $485,000
      Hospitality
      $470,000
      Educational
      $425,000
      Residential Income
      $410,000
      Energy
      $475,000
      Income-Based Land
      $460,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Burrillville
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.6093
    Latitude
    41.9807
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,547
    $95,600
    $274,700
    $370,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      4,816 SF

      485 Chapel St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,816 SF
      485 Chapel St, Burrillville, RI 02830-1353
      View Details
    • Value Estimation
      $325,000
      3.70 Acres

      2494 Victory Hwy, Unit 2498

      OFFICE/RESIDENTIAL (MIXED USE) • 3.70 Acres
      2494 Victory Hwy, Burrillville, RI 02830-1808
      View Details
    • Value Estimation
      $295,000
      9.58 Acres

      565 Joslin Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9.58 Acres
      565 Joslin Rd, Burrillville, RI 02830-1615
      View Details
    • Value Estimation
      $290,000
      6,940 SF

      815 Ee Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,940 SF
      815 Ee Ave, Burrillville, RI 02830-1535
      View Details
    • Value Estimation
      $440,000
      3,865 SF

      341 Chapel St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,865 SF
      341 Chapel St, Burrillville, RI 02830-1362
      View Details
    • Value Estimation
      $285,000
      0.60 Acres

      200 Harrisville Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.60 Acres
      200 Harrisville Main St, Burrillville, RI 02830-1562
      View Details

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    • $1,300,000
      1.00 Acre

      Prime Burrillville Restaurant & Apartment

      Established Restaurant, Turnkey Opportunity, High Income Potential.
      2692 Victory Hwy, Burrillville, RI 02830
      View Details
    • $400,000
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      21-Acre Lot in Burrillville

      Expansive 21-acre lot in Burrillville, Rhode Island.
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    2692 Victory Hwy
    Burrillville, RI 02830
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    Realmo Value Estimation

    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.

    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.

    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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