894 Main Road, Tiverton, RI 02878
COMMERCIAL - Tiverton, RI
- Added:
- Oct 28, 2025
- Days on Market:
- 243
- Last Refresh:
- Jun 27 at 7:06 pm
Property Features for 894 Main Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Single Family Residence
- Rooms
- Basement
- Parking
- 13
- Basement
- Full
- Standard status
- Active
- Size
- 2,736 SF
- Lot size
- 1.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6545
Utilities
- Sewer type
- Cesspool
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Frame
Listing agent James Holland License #REB.0014814 (401) 624-8469
Listing office T. L. Holland Agency 3948 Main Rd, Tiverton, RI (401) 624-8469
Listing date Oct 28, 2025
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use lot zoned NB for live/work or business use.
- Freestanding 392 sq ft commercial building with excellent visibility on Main Road.
- 3‑bedroom, 3‑bath Cape‑style home set back from the road.
- Detached garage.
- Easy access to Route 24.
- Strong investment potential.
Overview
Local Financial Insights For Apartment 5plus
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 | $79.5k | $29.04 |
| − Vacancy | −$5.6k | −$2.03 |
| EGI | $73.9k | $27.01 |
| − OpEx | −$33.3k | −$12.15 |
| NOI | $40.6k | $14.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tiverton
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.200348
- Latitude
- 41.651125
