Individually Owned 
For Sale
1 / 34
$500,000
426 Cass Ave, Woonsocket, RI 02895
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Property summary
AI-generated overview
This updated standalone restaurant property is located at 426 Cass Ave in Woonsocket, Rhode Island, and features exterior updates including siding and a roof replacement. The building includes a dining area and an outdoor patio dining area, with a drive-through setup designed for window sales. Interior amenities include central air conditioning, security cameras, and a full finished basement that contains a restroom. The site consists of a large lot with two entrances and extensive off-street parking. The property is configured to support restaurant operations, including a licensed alcohol service and food service use, and includes a kitchen area with appliances that were intended to remain with the premises.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1952
Construction
FRAME
Total area
1,518 SF
Lot
0.22 ac (9,485 SF)
Zoning code
MU1
APN
WOON M:39F L:100 U:25
UPID
US76-0027312
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
-
Grocery & Convenience Store
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$330k
Owner & transaction history
since 2023
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
MU1 · Woonsocket, RI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$330k
Value range
$297k – $363k
±10% around blend
Estimated value / SF
$217 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$297k
blend $330k
$363k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,518 SF
Lot area
0.22 ac
Year built
1952
Stories
1
APN
WOON M:39F L:100 U:25
Zoning
MU1
Assessed value
$183,000
Annual tax
$4,747
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$315k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.6 mi away · 1,476 SF
8.0 mi away · 1,916 SF
8.5 mi away · 1,200 SF
9.9 mi away · 1,616 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$330k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 130 sales
$119
+83%
Submarket 130 sales
$119
+83%
County 1487 sales
$146
+48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $217/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
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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 · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$325k
Move the market yield to see immediate price impact.
Value / SF
$214
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
5.00%7.00%9.00%
$20k
$410k
$293k
$228k
$23k
$455k
$325k
$253k
$25k
$501k
$357k
$278k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$269k
0.1 mi · Oct 2025 · $154/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,747
Tax year 2023
Assessed value
$183,000
Assessed 2023
Previous assessed
$183,000
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$57,600
Assessed improvement
$125,400
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
1952
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
1,518 SF
Lot
0.22 ac (9,485 SF)
Zoning code
MU1
APN
WOON M:39F L:100 U:25
UPID
US76-0027312
Jurisdiction
WOONSOCKET
Zoning & alternative use
MU1 · Woonsocket, RIZoning MU1 · permitted uses
MU1 · Woonsocket, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1952
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MU1
Jurisdiction
Woonsocket, RI
Recorded code
MU1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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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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