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Property profile & analytics
FOR SALE
Turn key restaurants
632 Metacom Ave Warren, RI 02885-2815
Entity Owned
4-yr Hold
Free & Clear
Property ID
US76-0077777
No photos on file
For Sale
Contact for pricing
632 Metacom Ave, Warren, RI 02885-2815
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Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,297 SF
Lot
0.96 ac (41,822 SF)
Zoning code
B
APN
WARR M:13D L:446
UPID
US76-0077777
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hometown Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$1.36M
Owner & transaction history
S&j Realty LLC · 4 yrs held
S&j Realty LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
B · Warren, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district includes all other commercial areas which are not in the village business district, and which are suitable for more intensive business uses, including those areas along major thoroughfares where businesses rely on easy vehicular access.
Zone name
Business
General category
COMMERCIAL
Zone area
75.31 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.2M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warren submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warren submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,360,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,135,000
Current use
RETAIL STORES
$1,235,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.16M (Feb 28 2022)
Last sale anchor
$1.16M
Feb 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,778
Tax year 2023
Assessed value
$1,301,500
Assessed 2023
Previous assessed
$1,301,500
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$241,500
Assessed improvement
$1,060,000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
8,297 SF
Lot
0.96 ac (41,822 SF)
Zoning code
B
APN
WARR M:13D L:446
UPID
US76-0077777
Jurisdiction
WARREN
Zoning & alternative use
B · Warren, RIZoning B · permitted uses
B · Warren, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district includes all other commercial areas which are not in the village business district, and which are suitable for more intensive business uses, including those areas along major thoroughfares where businesses rely on easy vehicular access.
Zone name
Business
General category
COMMERCIAL
Zone area
75.31 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.2M
RESTAURANT Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
S&j Realty LLC
Entity
Free & Clear · 4 yrs held
Mailing address
632 METACOM AVE, WARREN, RI 02885-2815
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
S&j Realty LLC
—
Deed
related
$866,250 · Peoples Cu
Feb 28, 2022
$1,155,000
S&j Realty LLC
Oganes&h Tagessian Ft
Deed
—
Dec 10, 2013
—
Oganes Ft
Tagessian,oganes & Hnazant
Quit Claim Deed
related
—
Dec 2, 2013
—
Oganes Ft
Tagessian,oganes & Hnazant
Quit Claim Deed
related
—
Sep 20, 2004
—
Oganes Tagessian
—
Deed Of Trust
related
$650,500 · Equity One INC
Apr 16, 2001
$925,000
Oganes Tagessian
Ndi 2 LLC
Grant Deed
$660,900 · Equicredit Corp
Jul 27, 1999
—
Ndi 2nd LLC
—
Deed Of Trust
related
$525,000 · Fleet National Bank
Apr 16, 1998
$350,000
Mdi II LLC
Benevides,carl F
Grant Deed
$255,000 · C & B Assoc
Dec 31, 1990
$400,000
David Friedman
Friedman,larry H
Grant Deed
related
—
Aug 1, 1988
$752,000
David Friedman
Wrinn,marquette A
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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