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Financial
Distress signals
Property profile

1172 Main St Richmond, RI 02898

FOR SALE
Showrooms
Property ID
US76-0218457
5,320 SF 1.3 ac lot Built 2009
Last sale Jul 2008 · $290,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a full-service Chinese restaurant building constructed in 2009, comprising approximately 5,320 square feet of restaurant space with high ceilings and an open, well-lit interior layout. It is configured to support efficient staff circulation and includes seating for 154 guests, along with a full liquor license. The restaurant is located at 1172 Main Street in Richmond, Rhode Island, on a spacious 1.3-acre lot near the Route 95 and Route 138 area, off Exit #7. The site offers…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$816k
Assessed land$306k
Assessed improvement$510k
Effective rate1.48%

Value estimate

· Oct 2026
$650k
$585k – $715k
CAP approach$830k
Submarket $/SF estimate$473k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$4k
Operating expenses−$23k
NOI · 5.17% cap applied$70k

Realmo valuation models over county records and 33 qualifying comparable sales.

Recently sold

What actually traded nearby?
$205/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$113 – $305
Qualifying comparables33

Cap rate analysis

How does the asset earn?
5.17%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionRICHMOND

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.8
Tailor Shop8.7
Smoke and Vape Shop8.4

Location

1172 Main St Richmond, RI 02898
County assessor Recorded deeds · 3 transfers 33 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21 Kingstown, Richmond, RI 02898-1101 $1,515,000 Feb 2025 12,100 SF
1175 Main, Richmond, RI 02898-1074 $7,307,973 May 2023 4,513 SF
102 Kingstown, Richmond, RI 02898 $325,000 Mar 2023 4,160 SF
1203 Main, Richmond, RI 02898-1066 $650,000 Oct 2022 2,559 SF
1136 Main, Richmond, RI 02898-1074 $750,000 Aug 2021 8,126 SF
1219 Main, Richmond, RI 02898-1066 $350,000 Oct 2018 2,018 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
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