Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highland Rd Tiverton, RI 02878
    Property profile & analytics

    Highland Rd, Tiverton, RI 02878

    View on Map
    • Land
    • 2.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Highland Rd

    Lot size
    2.16 lot acres
    Property type
    Land

    Description

    This exceptional 2.16-acre commercial land parcel in Tiverton, Rhode Island, presents a unique opportunity for development. Located on Highland Road in Newport County (zip code 02878), this property boasts stunning water views and a prime location south of the Sakonnet River Bridge. The land is zoned R40, offering flexibility for various commercial ventures. A stone wall-lined driveway adds to the property's appeal. Enjoy both privacy and convenience, with easy access to major routes like Route 24 and I-195, just minutes away. The area offers a charming seaside village atmosphere, with nearby restaurants such as the Black Goose Café, Red Dory, and Coastal Roasters. This elevated lot provides tranquility and captivating water vistas, enhanced by a natural noise barrier. Part of a select subdivision on Highland Avenue, this over two-acre parcel is a rare find in a highly desirable coastal community. The property's generous size and strategic elevation provide an ideal canvas for a custom-designed commercial project. Please note that final town board approval on land subdivision is subject to review. This is an exceptional opportunity to build your dream commercial venture in a picturesque setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.2067
    Latitude
    41.6351

    Comparable in this City

    • Value Estimation by Request

      333 State Ave

      Land
      333 State Ave, Tiverton, RI 02878
      View Details
    • Value Estimation by Request

      2388 Main Rd

      Land
      2388 Main Rd, Tiverton, RI 02878
      View Details
    • Value Estimation by Request
      8.50 Acres

      10 Souza Rd

      Land
      10 Souza Rd, Tiverton, RI 02878
      View Details
    • Value Estimation by Request
      6.18 Acres

      225 Brayton Rd

      SHOW ROOM, WAREHOUSE
      225 Brayton Rd, Tiverton, RI 02878-3340
      View Details
    • Value Estimation by Request

      3524 Main Rd

      SHOW ROOM, WAREHOUSE
      3524 Main Rd, Tiverton, RI 02878
      View Details
    • Value Estimation by Request
      5.00 Acres

      2503 Main Rd

      COMMERCIAL (GENERAL)
      2503 Main Rd, Tiverton, RI 02878-3914
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      8.5 Acres of Land

      8.5 acres of land available for sale.
      10 Souza Rd, Tiverton, RI 02878
      View Details
    • $3,399,000

      Sakonnet River View Development Site

      Land with potential for condo/housing development overlooking Sakonnet River.
      536 Highland Rd, Tiverton, RI 02878
      View Details
    • $5,780,000

      35+ Acre Farmstead in Tiverton

      Farmstead with barns, development potential, and natural beauty.
      3118 Main Rd, Tiverton, RI 02878
      View Details
    • $2,375,000
      15.00 Acres

      Tiverton, RI 15-Acre Land

      15 acres of dividable land near beaches and amenities.
      Main Rd, Tiverton, RI 02878
      View Details
    • $400,000

      Prime Tiverton Corner Lot

      High-traffic corner lot suitable for retail or mixed-use development.
      2388 Main Rd, Tiverton, RI 02878
      View Details
    • $250,000

      Waterfront Property with Garage/Office Suite

      Waterfront property with garage, office, and recreational opportunities.
      1023 Old Stafford Rd, Tiverton, RI 02878
      View Details

    Similar Nearby 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
    • Contact for pricing
      4,434 SF

      Versatile Retail/Office Space Available

      Adaptable space for retail or office use with high visibility.
      5-7 Main Rd, Tiverton, RI 02878
      View Details
    • Contact for pricing

      Tiverton Office/Retail Space Available

      Office and retail spaces for lease with ample parking.
      546 Main Rd, Tiverton, RI 02878
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office use.
      5-7 Main Rd, Tiverton, RI 02878
      View Details
    • $750 /Mo
      1,250 SF

      Tiverton Prime Office Space

      Office spaces for lease with ample parking and easy access.
      550 Main Rd, Tiverton, RI 02878
      View Details
    • Contact for pricing

      Tiverton Prime Office Space Available

      Office spaces for lease with ample parking and easy access.
      550 Main Rd, Tiverton, RI 02878
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Highland Rd
    Tiverton, RI 02878
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Highland Rd, Tiverton, RI, 02878
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!