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    80 Main Rd Tiverton, RI 02878

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    For Lease
    Contact for pricing

    High-traffic corner lot, flexible space.

    Lot size:
    6,000 SF

    Property Features for 80 Main Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Building Details

    Year Built/Renovated
    1950/2024
    Stories
    2

    Spaces For Lease

    at 80 Main Rd, Tiverton, RI 02878 Contact us

    We can help!

    Listing Contact
    Derick Freitas

    Listing Agency: Amaral & Associates Real Estate Listing Agent: Derick Freitas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional ground-level commercial space, located in Newport County, offers 700-1000 square feet of versatile office area perfect for a variety of businesses. Situated on a high-traffic corner lot within a larger 6,000 square foot building, this single-tenant space boasts ample parking for clients and employees. The building itself underwent a complete renovation in 2024, ensuring modern amenities and a fresh, updated aesthetic. The property type is flexible, accommodating retail, office, or restaurant uses, providing significant opportunity for creative entrepreneurs and established businesses alike. All utilities are included in the lease price, simplifying budgeting and operational costs. The two-story building, constructed in 1950 and recently renovated, sits on a half-acre lot, providing a substantial presence and visibility. This prime location offers excellent exposure and accessibility, making it an ideal choice for businesses seeking a thriving and convenient location. The space is ready for immediate occupancy, allowing for a quick and seamless transition into your new business home. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Windmill General Contractor Fine Furnishings Providence Furniture & Home Goods

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.184971
    Latitude
    41.6708713

    Nearby Similar for Lease

    • $60 SF/Yr
      150 SF

      Tiverton Office/Retail Space For Lease

      Prime Location, Ample Parking, All Utilities Included
      550 Main Rd, Tiverton, RI 02878
      View Details
    • $12 SF/Yr
      20,000 SF

      Modern Tiverton Industrial Space

      New 2024 Manufacturing/Warehouse
      0 Progress Way, Tiverton, RI 02878
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic corner lot, flexible space.
    Where is this restaurant located?
    The property is located at 80 Main Rd Tiverton, RI.
    What are key features of this property?
    This property features: 6,000 SF building on a 0.5-acre lot in Newport County.; Two-story building, built in 1950, renovated in 2024.; Ground floor retail space available, 700-1,000 SF, single tenant occupancy.
    (508) 418-3731 Call to check price and availability
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    80 Main Rd Tiverton, RI 02878
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    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
    80 Main Rd Tiverton, RI 02878
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Derick Freitas
    Real Estate License ID: 1001759
    (508) 418-3731
    Learn more
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