48 Commons, Little Compton, RI 02837
Retail property with business included, operating since 1967.
- Added:
- Apr 5, 2024
- Days on Market:
- 815
- Last Refresh:
- Mar 19 at 8:09 pm
Property Features for 48 Commons
General Information
- Standard status
- Active
- Size
- 7,099 SF
Building Details
- Year Built
- 2005
Listing office Venture (617) 340-9770
Listing date Apr 5, 2024
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 Venture
HighLights
- Business included with the real estate sale.
- Established business operating since 1967.
- Property located in The Commons.
- Recent property assessment increase of $100,000.
- Year built: 2005.
- Buyer responsible for Little Compton Agricultural Conservancy Tax.
Overview
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 | $127.8k | $18.00 |
| − Vacancy | −$13.4k | −$1.88 |
| EGI | $114.4k | $16.12 |
| − OpEx | −$34.3k | −$4.84 |
| NOI | $80.1k | $11.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Little Compton
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.1707543
- Latitude
- 41.5093702
