64 Halsey Street Newport, RI 02840
COMMERCIAL - Newport, RI
Property Features for 64 Halsey Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 2
- Interior features
- Ceiling Height (12 to 15 Ft)
- Standard status
- Active
- Size
- 947 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1813
Building Details
- Year built
- 1983
- Number of units
- 2
- Building materials
- Masonry, Steel
Listing agent Bill Sizeland
Listing office Lila Delman Compass 2 Marlborough Street, RI (401) 848-2101
Listing date Sep 4, 2025
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location near Newport's waterfront and downtown, with easy access to Middletown and major highways.
- Separate utilities (gas overhead heating, municipal water/sewer, electric) for convenience.
- 14' overhead door for easy deliveries and equipment access.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.0k | $18.00 |
| − Vacancy | −$1.8k | −$1.88 |
| EGI | $15.3k | $16.12 |
| − OpEx | −$4.6k | −$4.84 |
| NOI | $10.7k | $11.28 |
Alternative Uses
Property Analytics
Current Use by Public Records
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