$600,000 1,400 SF

388 Church St, Richmond, RI 02894
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The property at 388 Church Street in Richmond, Rhode Island consists of a 1,671-square-foot frame manufacturing building on a 1.2-acre site. The building was constructed in 1950 and features ceiling heights of approximately 7 to 9 feet, with forced-air heating. The site is served by private well and septic systems. The property is within the NB zoning district and has historically been used as the operating location for a coffee roasting and supply business, producing and supplying roasted coffee in both bean and ground form for wholesale customers.

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?

$2k

Tax billed · 2023

Assessed value$151k

Assessed land$86k

Assessed improvement$65k

Effective rate1.48%

Value estimate

· Nov 2026

$285k

$257k – $314k

NOI build-up

Gross scheduled income$30k

Vacancy & credit loss−$3k

Operating expenses−$10k

NOI · 2.82% cap applied$17k

Realmo valuation models over county records and 17 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 comparables17

Cap rate analysis

How does the asset earn?

2.82%

$17k estimated NOI · market benchmarks for this use type

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

Zoning insight

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: Catering Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Catering Service8.2

Computer & Electronic Repair8.0

Gym & Fitness7.7

388 Church St Richmond, RI 02894

County assessor Recorded deeds · 6 transfers 17 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

1 recorded sale · 5 properties nearby

Address Sale price Sold Size

447 Church, Wood River Junction, RI 02894-1202 $265,000 Oct 2023 1,960 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

Value Estimation
$245,000

1,960 SF

447 Church St

SHOW ROOM, WAREHOUSE

447 Church St, Wood River Junction, RI 02894-1202

View Details
Value Estimation
$90,000

600 SF

446 Church St

SHOW ROOM, WAREHOUSE

446 Church St, Wood River Junction, RI 02894-1206

View Details
Value Estimation
$895,000

9,752 SF

529 Switch Rd

SHOW ROOM, WAREHOUSE

529 Switch Rd, Wood River Junction, RI 02894-1311

View Details
Value Estimation
$255,000

0.45 Acres

6 Riv St

SHOW ROOM, WAREHOUSE

6 Riv St, Wood River Junction, RI 02894

View Details
Value Estimation
$250,000

0.48 Acres

8 Riv St

SHOW ROOM, WAREHOUSE

8 Riv St, Wood River Junction, RI 02894

View Details