Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3118 Main Tiverton, RI 2878

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,780,000

    Farmstead with barns, development potential, and natural beauty.

    Type:Land or Vacant Lot
    Lot size:
    35.00 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    145
    Last Refresh:
    Apr 5 at 9:27 pm

    Property Features for 3118 Main

    General Information

    Standard status
    Active
    Lot size
    35.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DEREK GREENE

    Listing agent DEREK GREENE License #SBR004802

    Listing office Derek Greene

    Listing date Nov 26, 2025

    Source Corcoran

    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 Derek Greene

    Overview

    35+ Acre Farmstead in Tiverton

    This 35+ acre farmstead offers rural charm and room to grow. Two barns are present, suitable for animals or storage. The property may be divided under R120 Zoning rules, or a single house can be built to enjoy the tranquility and natural beauty. The location provides convenient access to the Farm Coast's recreational opportunities, beaches, dining, and nightlife. The parcel offers direct access to the Pocasset Ridge and Weetamoo Woods Preserves, providing opportunities for hiking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Food Market HVAC Service Farmer's Market Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.1944
    Latitude
    41.5947

    Nearby Similar for Sale

    • $750

      Tiverton Office/Retail Space Available

      Office and retail spaces for lease in Tiverton, Rhode Island.
      546 Main Road, Tiverton, RI 02878
      View Details
    • $750

      Tiverton Prime Office Space

      Office spaces available for lease with ample parking.
      550 Main Road unit: A-E, Tiverton, RI 02878
      View Details
    • $849,900

      Established Restaurant with Liquor License

      Turnkey Brazilian restaurant with real estate and valuable liquor license.
      77 Main Rd, Tiverton, RI 02878
      View Details
    • $849,900
      2,772 SF

      Established Restaurant with Real Estate

      Turnkey Brazilian restaurant with real estate and liquor license.
      77 Main, Tiverton, RI 02878
      View Details
    • $329,000

      Tiverton Mixed-Use Opportunity

      Mixed-use property with business zoning in a visible location.
      898 Main Road, Tiverton, RI 02878
      View Details
    • $649,000

      Mixed-Use Lot Near Route 24

      Mixed-use property with residential and commercial buildings in Tiverton.
      894 Main Road, Tiverton, RI 02878
      View Details
    • $5,780,000

      Tiverton Farmstead on 35+ Acres

      35+ acre farmstead ready for your plans in Tiverton.
      3118 Main Road, Tiverton, RI 02878
      View Details
    • $349,000

      Tiverton Land Parcel For Sale

      2.85-acre wooded lot near Route 24, Tiverton, RI.
      Main Road, Tiverton, RI 02878
      View Details
    • $400,000

      Tiverton Commercial Land For Sale

      Prime 0.37-acre lot at high-traffic intersection, ideal for development.
      2388 Main Road, Tiverton, RI 02878
      View Details
    • $1,875,000

      Tiverton Multifaceted Farmhouse Opportunity

      Farmhouse on 3.8 acres with cottage, pool, and river views.
      219 Nanaquaket Road, Tiverton, RI 02878
      View Details
    • $379,000

      Tiverton, RI Wooded Land Parcel

      4.01-acre wooded parcel for single-family home or duplex.
      Main Road, Tiverton, RI 02878
      View Details
    • $2,375,000

      Tiverton, RI 15 Acre Land

      15 acre dividable land near beaches, hiking, and Newport.
      Main Road, Tiverton, RI 02878
      View Details

    FAQs

    What type of property is this?
    Farm - Farmstead with barns, development potential, and natural beauty.
    Where is this farm located?
    The property is located at 3118 Main Tiverton, RI.
    What is the asking price?
    The asking price for this property is $5,780,000.
    What are key features of this property?
    This property features: 35+ Acre Farmstead: Ample space and potential for various uses.; R120 Zoning: Allows for division of the property or single‑family home construction.; Direct Access to Preserves: Hike Pocasset Ridge and Weetamoo Woods directly from the property.
    (860) 560-1006
    We can help!
    Listing Contact
    DEREK GREENE
    Real Estate License ID: SBR004802
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!