15 Point Road, Portsmouth, RI 02871
Restaurant property offered for sale at 15 Point Road in Portsmouth, RI.
- Added:
- Jun 9, 2026
- Days on Market:
- 29
- Last Refresh:
- Jul 5 at 3:05 am
Property Features for 15 Point Road
General Information
- Standard status
- Active
- Size
- 2,500 SF
Building Details
- Year Built
- 1940
Listing office Gustave White Sotheby's Realty (401) 862-0164
Listing date Jun 9, 2026
Source Evrealestate
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 Gustave White Sotheby's Realty
HighLights
- Restaurant property offered for sale at 15 Point Road in Portsmouth, RI
- Central Air cooling
- Forced Air heating
- Full basement
- Water view
- Built in 1940
Overview
The address is 15 Point Road, Portsmouth, Rhode Island 02871, located within Newport County. The listing is presented for sale.
For a buyer or operator seeking a dedicated restaurant asset, this offering provides a straightforward option to acquire a restaurant property at a defined site and footprint. With the transaction structured as a sale and the property identified specifically for restaurant use, it can be a practical fit for parties looking to secure a restaurant-ready location rather than start from a non-restaurant shell. Interested buyers should review the full listing details and conduct due diligence to confirm the existing improvements, condition, and any additional site or operational considerations prior to moving forward.
Local Financial Insights For Specialty 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 | $54.0k | $21.60 |
| − Vacancy | −$5.6k | −$2.25 |
| EGI | $48.4k | $19.35 |
| − OpEx | −$12.1k | −$4.84 |
| NOI | $36.3k | $14.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.2201943
- Latitude
- 41.6258505
