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

    1074 Main Rd Portsmouth, RI 02871

    Sponsored
    For Sale
    $999,923

    High-visibility .23-acre lot, ideal for various commercial uses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional .23-acre commercial property at 1074 East Main Road in Portsmouth, Rhode Island, presents a unique investment opportunity. Boasting high visibility and a prime location on East Main Road, this property offers significant potential for a wide range of commercial ventures. Included is a 10x12 storage shed. The property is currently home to aF aU aPORTSMOUTH, LLC, and the contents of this business are available for sale, optionally included with the property purchase. Potential uses are numerous and include, but are not limited to: construction equipment storage, landscaping businesses, boat storage, cold storage, storage container sales and rentals. Flexible lease options, including rent-to-own, are available to qualified buyers. The property can be purchased with or without the existing storage container rental business. The seller is offering financing to qualified buyers with a substantial down payment. This property is also listed for lease on the MLS. Its high visibility ensures significant exposure, offering global reach and attracting a wide customer base. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving location.

    Property Features for 1074 Main Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.25375
    Latitude
    41.56295

    Nearby Comparable

    • $260,000
      909 SF

      Portsmouth Commercial Unit - For Sale

      909 sq ft commercial space, prime location.
      1678 Main Rd, Portsmouth, RI 02871
      View Details
    • $1,950,000

      Prime Portsmouth Commercial Land

      1.55-Acre Commercial Lot, $1.95M
      1960 Main Rd, Portsmouth, RI 02871
      View Details
    • $1,950,000
      1.55 Acres

      Prime Portsmouth Commercial Property

      Versatile 7,584 SF building on 1.55 acres
      1960 Main Rd, Portsmouth, RI 02871
      View Details
    • $2,950,000
      15,000 SF

      Mixed-Use Property with Development Potential

      Two buildings with office, restaurant space, and apartment conversion potential.
      499 E Main Rd, Middletown, RI 02842
      View Details
    • $1,150,000
      0.09 Acres

      Middletown Warehouse Condominium For Sale

      Warehouse condo with parking, storage, and office space available.
      1079 Aquidneck Ave, Middletown, RI 02842
      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

    Nearby Similar for Sale

    • $800,000
      0.24 Acres

      Waterfront Restaurant Business Opportunity

      Turnkey waterfront restaurant business for sale in Portsmouth, Rhode Island.
      15 Point Rd, Portsmouth, RI 02871
      View Details
    • $2,400,000
      0.24 Acres

      Waterfront Restaurant Opportunity in Portsmouth

      Turnkey waterfront restaurant with indoor/outdoor dining and full bar.
      15 Point Rd, Portsmouth, RI 02871
      View Details
    • $999,900
      0.34 Acres

      Restaurant Near Portsmouth Beaches

      Thriving restaurant with loyal customer base near Portsmouth beaches.
      501 Park Ave, Portsmouth, RI 02871
      View Details
    • $1,200,000
      1,449 SF

      Prime Portsmouth Restaurant Opportunity

      Thriving eatery, high-traffic location, strong financials.
      501 Park Ave, Portsmouth, RI 02871
      View Details
    • $260,000
      909 SF

      Portsmouth Commercial Unit - For Sale

      909 sq ft commercial space, prime location.
      1678 Main Rd, Portsmouth, RI 02871
      View Details
    • $1,950,000
      1.55 Acres

      Prime Portsmouth Commercial Property

      Versatile 7,584 SF building on 1.55 acres
      1960 Main Rd, Portsmouth, RI 02871
      View Details
    • $1,200,000
      1,449 SF

      Prime Portsmouth Restaurant - $1.2M

      Established eatery, high-traffic location, ample parking.
      501 Park Ave, Portsmouth, RI 02871
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-visibility .23-acre lot, ideal for various commercial uses.
    Where is this commercial real estate located?
    The property is located at 1074 Main Rd Portsmouth, RI.
    What is the asking price?
    The asking price for this property is $999,923.
    (401) 946-6300
    Request Owner's contact information
    1074 Main Rd Portsmouth, RI 02871
    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.
    1074 Main Rd
    Portsmouth, RI 02871
    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.

    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
    1074 Main Rd Portsmouth, RI 02871
    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
    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.