32 Main Rd Tiverton, RI 02878
Three buildings with 13 rentable units, offering income potential.
Property Features for 32 Main Rd
General Information
- Standard status
- Active
- Size
- 11,841 SF
- Property subtype
- Retail, Multifamily, Mixed Use, Self Storage
Listing office Castle Keep Realty (508) 677-1600
Listing date Jan 24, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Three income‑generating buildings on one lot.
- Thirteen rentable units provide diverse income streams.
- Gross annual income of $98,280 with below‑market rents offers revenue growth potential.
Local Financial Insights For Industrial
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 | $82.4k | $6.96 |
| − Vacancy | −$3.7k | −$0.31 |
| EGI | $78.7k | $6.65 |
| − OpEx | −$23.6k | −$1.99 |
| NOI | $55.1k | $4.65 |
