Mixed-Use Property with
New
For Sale
$850,000
82 E Main Road, Middletown, RI 02842
Commercial/Business,Commercial Sale, Middletown, RI
Property Size2,932 SF
Lot Size0.26 Acres
Price / SF$289.90
Days on Market1
Property Features for 82 E Main Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
10
Interior features
Ceiling Height (7 to 9 Ft)
Basement
Full
Lot features
Free Standing
Standard status
Active
Size
2,932 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Masonry
Listing Agency:
Re/Max Professionals · RE/MAX International
(401) 884-6050
Listed By:
Hilary Marshall
(401) 787-4354
Added: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 1426730
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 82 E Main Road in Middletown, this 2,932-square-foot mixed-use property combines commercial space with a two-bedroom apartment. The building was constructed in 1950 with masonry materials and includes a finished basement. Heating is provided by natural gas and baseboard systems, and the property has public sewer service. The commercial area has a layout that previously served a restaurant.
The 0.26-acre property sits along East Main Road, a commercial corridor with access to Newport, Portsmouth, the Naval Station, local businesses, shopping, and nearby residential areas. Ten dedicated parking spaces are located behind the building.
The 0.26-acre property sits along East Main Road, a commercial corridor with access to Newport, Portsmouth, the Naval Station, local businesses, shopping, and nearby residential areas. Ten dedicated parking spaces are located behind the building.
Key Highlights
- 2,932‑square‑foot mixed‑use property on a 0.26‑acre lot
- Commercial area previously used as a restaurant
- Two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,687
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,740
$593.7K
Cap Rate 7%
$424,100
$424.1K
Cap Rate 9%
$329,856
$329.9K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$52.8K $18.00/SF
− Vacancy
−$5.3K −$1.80/SF
EGI
$47.5K $16.20/SF
− OpEx
−$17.8K −$6.07/SF
NOI
$29.7K $10.13/SF
Area
Newport County, RI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,740
Cap Rate 7%
$424,100
Cap Rate 9%
$329,856
Alternative Uses
Best Use
Mixed Use
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$699.6K
$612.1K – $816.2K
NOI $48,971 @ 7.0% cap · market cap 5.76%
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
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 02842, RI
17,115
Population
8,255
Households
2.1
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,369
Density / Sq Mi
$97,650
Median Household Income
$47,307
Median Earnings
$1,906
Median Rent
$536,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is paired with a two-bedroom apartment and finished basement area.
Where is this mixed-use property located?
The property is located at 82 E Main Road Middletown, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,932‑square‑foot mixed‑use property on a 0.26‑acre lot; Commercial area previously used as a restaurant; Two‑bedroom apartment
