Retail Space with Private
New
For Sale
Contact for pricing
1397 West Main Road, Middletown, RI 02842
On-site parking and proximity to Stop & Shop add practical convenience for office or retail use.
Property Size800 SF
Price / SF$2.13
Days on Market3
Property Features for 1397 West Main Road
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Amenities
private bathroom
Building Details
Year Built
1980
Listing Agency:
RE/MAX Profnl. Newport, Inc.
(401) 849-0100
Listed By:
Dawn McCauley · License #RES.0021916
(401) 864-6348
Source:
Lockandkeyre
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Profnl. Newport, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot retail space, built in 1980, includes a private bathroom and can accommodate office or retail use. The compact footprint offers a straightforward commercial space for a business operation.
The property is across from Stop & Shop on West Main Road in Middletown, in an area described as having high traffic and neighboring businesses. Parking is available on site.
The property is across from Stop & Shop on West Main Road in Middletown, in an area described as having high traffic and neighboring businesses. Parking is available on site.
Key Highlights
- 800‑square‑foot retail space
- Private bathroom
- Across from Stop & Shop on West Main Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,027
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,540
$180.5K
Cap Rate 7%
$128,957
$129.0K
Cap Rate 9%
$100,300
$100.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.4K $18.00/SF
− Vacancy
−$1.5K −$1.88/SF
EGI
$12.9K $16.12/SF
− OpEx
−$3.9K −$4.84/SF
NOI
$9.0K $11.28/SF
Area
Newport County, RI
Vacancy
10.45%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,540
Cap Rate 7%
$128,957
Cap Rate 9%
$100,300
Alternative Uses
Best Use
Retail
$129.0K
$112.8K – $150.5K
NOI $9,027 @ 7.0% cap · market cap 531.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$190.9K
$167.0K – $222.7K
NOI $13,362 @ 7.0% cap · market cap 786.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Groceries 21%
Dining 20%
Hotels & Casinos 1%
Stop & Shop
Groceries
26,960 visits/mo
0.1 miles
Michaels
Shops & Services
22,686 visits/mo
0.2 miles
Barnes & Noble
Shops & Services
21,178 visits/mo
0.1 miles
McDonald's
Dining
19,448 visits/mo
0.1 miles
Shell
Shops & Services
11,896 visits/mo
0.4 miles
Demographics for 02842, RI
17,115
Population
8,255
Households
2.1
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,369
Density / Sq Mi
$97,650
Median Household Income
$47,307
Median Earnings
$1,906
Median Rent
$536,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - On-site parking and proximity to Stop & Shop add practical convenience for office or retail use.
Where is this retail space located?
The property is located at 1397 West Main Road Middletown, RI.
What are key features of this property?
This property features: 800‑square‑foot retail space; Private bathroom; Across from Stop & Shop on West Main Road
