Versatile Commercial Building on Main
1960 E Main Road Portsmouth, RI 02871
1960 E Main Road, Portsmouth, RI, 02871
$1,850,000
Pending
For Sale
$1,850,000
Pending
7,584 SF commercial building on 1.55 acres.
Property Size7,584 SF
Lot Size1.55 Acres
Days on Market181
Property Features for 1960 E Main Road
General Information
- Standard status
- Pending
- Size
- 7,584 SF
- Lot size
- 1.55 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2010
Listing Agency
COMPASS
(401) 274-1644
Listed by
THE MATHEW J. ARRUDA GROUP
Source
Corcoran
Added: Jan 19 Checked: Jul 19 at 3:45 am
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 COMPASS
Investment Insights
Based on property information with market context.
Located at 1960 East Main Road in Portsmouth, this commercial property offers a blend of location and modern design. Constructed in 2010, the 7,584-square-foot steel building is situated on 1.55 acres of commercially zoned land along East Main Road. The property features an expansive warehouse space with large overhead doors and a retail spot. Positioned along a high-visibility, high-traffic corridor, the location benefits from exposure to potential customers.
Key Highlights
- Prime location on bustling East Main Road with high visibility and traffic.
- 7,584‑square‑foot steel building on 1.55 acres of commercially zoned land.
- Modern design built in 2010.
Local Financial Insights For 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 | $136.5k | $18.00 |
| − Vacancy | −$14.3k | −$1.88 |
| EGI | $122.2k | $16.12 |
| − OpEx | −$36.7k | −$4.84 |
| NOI | $85.6k | $11.28 |
7,584 SF · lease $18.00/SF/yr · vacancy 10.45% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,573 @ 7.0% cap · market cap 4.63%
Second Best
Mixed Use
$1.10M
$959.9K – $1.28M
NOI $76,788 @ 7.0% cap · market cap 4.15%
Theoretical Best
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,669 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bill's Sales
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 7,584 SF commercial building on 1.55 acres.
Where is this mixed-use property located?
The property is located at 1960 E Main Road Portsmouth, RI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime location on bustling East Main Road with high visibility and traffic.; 7,584‑square‑foot steel building on 1.55 acres of commercially zoned land.; Modern design built in 2010.
