Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Main Rd Tiverton, RI 02878

    Sponsored
    For Sale
    $1,400,000

    High-yield multi-building property, 13 units.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    352
    This exceptional investment opportunity in Tiverton, Rhode Island presents a rare chance to acquire a portfolio of three income-generating buildings situated on a 0.44-acre lot. The property comprises a total of thirteen rentable units, currently generating an annual gross income of $98,280. Significant upside potential exists due to below-market rents. The main building, located at 28-32 Main Road, is a mixed-use structure encompassing four residential units totaling 4,270 square feet and two retail storefront units totaling 1,522 square feet. A second building at 36 Main Road features a large 2,748-square-foot storefront space, potentially divisible into two units, along with a spacious storage room, bathroom, and two sizable garage units adding 2,457 square feet. Finally, 27 Rock Street houses three garage units and a spacious office loft area, with each floor offering 1,118 square feet. This unique property offers a diverse range of rental options, catering to a variety of tenants. The substantial existing income stream, combined with the potential for rent increases, makes this a compelling investment prospect with strong long-term growth potential. The property is priced at $1,400,000.

    Property Features for Main Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Cesar Patricio

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.18436
    Latitude
    41.67299

    Nearby Comparable

    • $1,400,000
      11,841 SF

      Main Rd Tiverton Mixed-Use Portfolio

      Three buildings, 13 units, high income potential.
      32 Main Rd, Tiverton, RI 02878
      View Details
    • $1,400,000
      11,841 SF

      Tiverton, RI Commercial Multi-Family

      Three buildings, 13 units, high income potential.
      32 Main Rd, Tiverton, RI 02878
      View Details
    • $1,100,000

      Mixed-Use Property with Redevelopment Potential

      Large mixed-use property with residential, commercial, and warehouse space.
      42 Main Rd, Tiverton, RI 02878
      View Details
    • $250,000

      Six-Car Garage For Sale

      Six-car garage with open interior and large rear yard.
      33 Higgins St, Fall River, MA 02724
      View Details
    • $799,000

      Remodeled Three-Family Home with Garage

      Remodeled 3-family near Fall River T Station.
      15 Higgins St, Fall River, MA 02724
      View Details
    • $699,000

      Fall River Four-Family Investment Property

      Well-maintained four-family in Fall River with upside potential.
      785 Broadway St, Fall River, MA 02724
      View Details
    • $699,000

      Multifamily Investment Property For Sale

      Well-maintained triplex with income potential near shopping and transit.
      636-644 Dwelly St, Fall River, MA 02724
      View Details
    • $499,900

      Updated Two-Family Home

      Spacious, updated two-family home on a fenced corner lot.
      160 Foote St, Fall River, MA 02724
      View Details
    • Contact for pricing
      0.69 Acres

      Fall River Commercial Space

      6,500 sqft commercial space for lease in Fall River.
      1533 S Main St, Fall River, MA 02724
      View Details
    • $4,199,999

      29-Unit Multifamily Portfolio in Fall River

      29 units in Fall River, offering significant upside potential.
      24-28 Hall St, Fall River, MA 02724
      View Details
    • Contact for pricing
      0.86 Acres

      Tiverton Office Space Available

      Prime office spaces for lease with ample parking.
      550 Main Rd, Tiverton, RI 02878
      View Details
    • $1,300,000

      Mixed-Use Commercial Opportunity

      Two buildings totaling 11,743 SF on 0.85 acres.
      1467 S Main St, Fall River, MA 02724
      View Details

    Nearby Similar for Sale

    • New
      $1,900,000
      3.80 Acres

      Tiverton Farmhouse with River View

      Farmhouse on 3.8 acres with cottage and river views.
      219 Nanaquaket Rd, Tiverton, RI 02878
      View Details
    • $2,500,000
      32.00 Acres

      Equestrian Estate with River Views

      32-acre equestrian estate with historic charm and income potential.
      3622 Main Rd, Tiverton, RI 02878
      View Details
    • $649,000
      1.42 Acres

      Mixed-Use Lot Near Route 24

      Mixed-use property with residential and commercial buildings in Tiverton.
      894 Main Rd, Tiverton, RI 02878
      View Details
    • $329,000
      0.52 Acres

      Tiverton Commercial Property For Sale

      Single-family home with commercial zoning and conversion potential.
      898 Main Rd, Tiverton, RI 02878
      View Details
    • $1,500,000
      2.47 Acres

      Versatile Commercial Property with Income

      Commercial property with bus lot, garage, and single-family home.
      3624 Main Rd, Tiverton, RI 02878
      View Details
    • Contact for pricing
      0.86 Acres

      Tiverton Office Space Available

      Prime office spaces for lease with ample parking.
      550 Main Rd, Tiverton, RI 02878
      View Details
    • $1,100,000

      Mixed-Use Property with Redevelopment Potential

      Large mixed-use property with residential, commercial, and warehouse space.
      42 Main Rd, Tiverton, RI 02878
      View Details
    • $2,200,000
      11,280 SF

      Tiverton Waterfront Commercial Property

      Prime Waterfront Location, Huge Potential
      2139 Main Rd, Tiverton, RI 02878
      View Details
    • $1,400,000
      11,841 SF

      Tiverton, RI Commercial Multi-Family

      Three buildings, 13 units, high income potential.
      32 Main Rd, Tiverton, RI 02878
      View Details
    • $1,400,000
      11,841 SF

      Main Rd Tiverton Mixed-Use Portfolio

      Three buildings, 13 units, high income potential.
      32 Main Rd, Tiverton, RI 02878
      View Details
    • $400,000
      0.37 Acres

      Tiverton Commercial Land - High Traffic

      Prime .37-acre lot, high visibility, Route 77 & 177.
      2388 Main Rd, Tiverton, RI 02878
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-yield multi-building property, 13 units.
    Where is this commercial real estate located?
    The property is located at Main Rd Tiverton, RI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (401) 846-0386
    Request Owner's contact information
    Main Rd Tiverton, RI 02878
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Main Rd
    Tiverton, RI 02878
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Main Rd Tiverton, RI 02878
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cesar Patricio
    (401) 846-0386
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.