Freestanding Auto
For Sale
$445,000
793 Main Road, Tiverton, RI 02878
A masonry-block workspace includes dedicated office, storage, and bathroom areas, plus equipment for vehicle service.
Property Size2,350 SF
Price / SF$189.36
Days on Market52
Property Features for 793 Main Road
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$4,232
Amenities
three overhead doors
private bathroom
office
storage room
forced air heat by oil
Building Details
Building Size
2,350 SF
Year Built
1950
Buildings
1
Stories
1
Construction
masonry block
Listing Agency:
Premiere Properties /Sea Glass
Listed By:
Premiere Properties | Sea Glass
(401) 487-8440
Source:
Pooleproperties
Added: Sep 11
Changed: Oct 30
Last Checked: Oct 30 at 2:10PM
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 Premiere Properties /Sea Glass
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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 freestanding, single-level automotive property is a masonry-block building with 2,350 square feet. The layout includes an office, a storage room, and a private bathroom. Three overhead doors and two lifts support vehicle-related operations, while oil-fired forced-air heat serves the building. The property was built in 1950.
Parking is available on site. A Phase II environmental assessment was passed three years ago.
Parking is available on site. A Phase II environmental assessment was passed three years ago.
Key Highlights
- 2,350‑square‑foot masonry‑block building, constructed in 1950
- Three overhead doors and two vehicle lifts
- Office, storage room, and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,516
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,320
$530.3K
Cap Rate 7%
$378,800
$378.8K
Cap Rate 9%
$294,622
$294.6K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$42.3K $18.00/SF
− Vacancy
−$4.4K −$1.88/SF
EGI
$37.9K $16.12/SF
− OpEx
−$11.4K −$4.84/SF
NOI
$26.5K $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%
$530,320
Cap Rate 7%
$378,800
Cap Rate 9%
$294,622
Alternative Uses
Best Use
Retail
$378.8K
$331.5K – $441.9K
NOI $26,516 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$156.2K
$136.7K – $182.2K
NOI $10,934 @ 7.0% cap · market cap 2.46%
Theoretical Best
Multifamily LT 5
$560.7K
$490.6K – $654.2K
NOI $39,250 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,459 visits/mo
0.4 miles
Demographics for 02878, RI
16,359
Population
7,747
Households
2.1
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
29.1 sq mi
ZIP Area
562
Density / Sq Mi
$99,542
Median Household Income
$49,228
Median Earnings
$1,228
Median Rent
$367,400
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
Similar Off Market Nearby
- R & a Auto Body LLC — 914 Main Rd, Tiverton, RI 02878
- Standard Collision Repair — 914 main rd, tiverton, ri 02878
- Tiverton Auto Body — 10 Pleasant Ave, Tiverton, RI 02878
- Sakonnet Auto Services — 560 Main Rd, Tiverton, RI 02878
- Aguiar's Auto Repair — 463 Main Rd, Tiverton, RI 02878
Frequently Asked Questions
What type of property is this?
Auto shop - A masonry-block workspace includes dedicated office, storage, and bathroom areas, plus equipment for vehicle service.
Where is this auto shop located?
The property is located at 793 Main Road Tiverton, RI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,350‑square‑foot masonry‑block building, constructed in 1950; Three overhead doors and two vehicle lifts; Office, storage room, and private bathroom
