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    1403 Main Rd Tiverton, RI 02878-4404
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    Property profile & analytics

    1403 Main Rd Tiverton, RI 02878-4404

    View on Map
    • Investment properties
    • 3,842 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Feb 23, 2024
    Property ID
    US76-0293714
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Top Job Carpet Cleaning / Carpet Cleaning Service
    • Le Moulin Rouge / Restaurant

    Property Details for 1403 Main Rd

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.62 lot acres
    Property size
    3,842 SF
    Zone code
    R40
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    TIVE M:302 B:112
    APU
    TIVEM302B112

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $650,000
      6.5%
      $600,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $582,000
      Market price range: $383k - $968k
      AI Estimate
      $437,000
      Market price range: $241k - $737k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.2068
    Latitude
    41.6368
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,553
    $141,400
    $451,600
    $593,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,640 SF

      63 Muse Way, Unit 65

      OFFICE/RESIDENTIAL (MIXED USE) • 2,640 SF
      63 Muse Way, Tiverton, RI 02878-3227
      View Details
    • Value Estimation
      $540,000
      28.59 Acres

      384th King Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 28.59 Acres
      384th King Rd, Tiverton, RI 02878-2721
      View Details
    • Value Estimation
      $730,000
      4,927 SF

      2753 Main Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,927 SF
      2753 Main Rd, Tiverton, RI 02878-4707
      View Details
    • Value Estimation by Request
      0.64 Acres

      551 Main Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.64 Acres
      551 Main Rd, Tiverton, RI 02878-1325
      View Details
    • Value Estimation by Request
      3,936 SF

      3838 Main Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,936 SF
      3838 Main Rd, Tiverton, RI 02878-4899
      View Details
    • Value Estimation by Request
      1,428 SF

      2354 Main Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,428 SF
      2354 Main Rd, Tiverton, RI 02878-3909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,841 SF

      Mixed-Use Property with Income Potential

      Three buildings with 13 rentable units, offering income potential.
      32 Main Rd, Tiverton, RI 02878
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    • $955,000

      Versatile Mixed-Use Property, Tiverton

      Large mixed-use property with residential, commercial, and warehouse space.
      42 Main Rd, Tiverton, RI 02878
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    • $1,100,000

      Mixed-Use Property with Income Potential

      Three buildings with 13 rentable units, below-market rents.
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    • Contact for pricing

      Mixed-Use Property with Income Potential

      Three buildings with 13 rentable units grossing $98,280 annually.
      Main Rd, Tiverton, RI 02878
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    • $1,400,000

      Mixed-Use Property with Income Potential

      Three buildings with 13 rentable units grossing $98,280 annually.
      28-30-32 Main Rd, Tiverton, RI 02878
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    • $649,000
      1.42 Acres

      Mixed-Use Lot Near Route 24

      Mixed-use property with residential and commercial buildings in Tiverton.
      894 Main 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
    • $750 /Mo

      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
    • $750 /Mo

      Tiverton Prime Office Space Available

      Office spaces for lease with ample parking and easy access.
      550 Main Rd, Tiverton, RI 02878
      View Details
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    Tiverton, RI 02878-4404
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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
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