Entity Owned 
For Sale
1 / 10
$1,350,000
1172 Main St, Richmond, RI 02898
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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 potential for drive-through service and outdoor seating and may also support other commercial or residential development depending on applicable approvals and zoning.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Construction
FRAME
Total area
5,320 SF
Lot
1.3 ac (56,628 SF)
APN
RICH M:04B B:033 L:000
UPID
US76-0218457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$650k
Owner & transaction history
since 2008
3 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 31 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$650k
Value range
$585k – $715k
±10% around blend
Estimated value / SF
$122 / SF
Confidence
High
31 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$585k
blend $650k
$715k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,320 SF
Lot area
1.3 ac
Year built
2009
Stories
1
APN
RICH M:04B B:033 L:000
Assessed value
$816,300
Annual tax
$12,049
3
Income approach: direct capitalization
Partial preview
Income approach indication
$830k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$900k
@ 6.5% CAP return
$830k
@ 7% CAP return
$770k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$12,049
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$846k
Weighted, 20 comps · high confidence
Evidence
31 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.5 mi away · 4,867 SF
11.5 mi away · 4,940 SF
12.2 mi away · 5,702 SF
12.3 mi away · 4,423 SF
12.6 mi away · 6,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$650k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 234 sales
$205
-40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $122/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 31 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.17%
Selected cap rate for this showrooms
Derived from the Richmond market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.17%
9.0%
NOI (est.)
$70k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.35M
Move the market yield to see immediate price impact.
Value / SF
$254
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.67%5.17%5.67%
$63k
$1.35M
$1.22M
$1.11M
$70k
$1.50M
$1.35M
$1.23M
$77k
$1.65M
$1.49M
$1.35M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
31 found
High confidence · county-verified
Closest comparable
$460k
11.3 mi · Dec 2025 · $108/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,049
Tax year 2023
Assessed value
$816,300
Assessed 2023
Previous assessed
$791,500
+3.1% YoY
Effective rate
1.48%
On assessed value
Assessed land
$306,100
Assessed improvement
$510,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
5,320 SF
Lot
1.3 ac (56,628 SF)
APN
RICH M:04B B:033 L:000
UPID
US76-0218457
Jurisdiction
RICHMOND
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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