Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1526 Main Rd Portsmouth, RI 02871

    • Commercial real estate
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0059430
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1526 Main Rd

    Lot size
    2.44 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.44-acre commercial land parcel in Portsmouth, Rhode Island, presents a remarkable development opportunity. Located on West Main Road, Portsmouth's primary commercial artery, between Mill Lane and Dunkin Donuts, this property boasts excellent visibility and accessibility. The site comprises two adjacent parcels (1.99 acres and 0.45 acres) that can be purchased together or separately, offering flexible development options. Zoned C - Commercial, the land is level and development-ready, with utilities readily available. Its strategic location within the high-traffic corridor ensures significant exposure, making it ideal for a variety of commercial uses, including retail, office, or mixed-use developments. The thriving Portsmouth community and consistent traffic flow along West Main Road further enhance the investment potential. This rare opportunity to acquire substantial commercial acreage in a prime business district offers tremendous potential for developers seeking to establish a presence in this dynamic market. The property's size and location provide the flexibility to accommodate diverse commercial visions, making it an attractive investment for those seeking to capitalize on the growth and vibrancy of Portsmouth, RI. The 02871 zip code ensures easy access to local amenities and a strong regional market. This is a truly unique chance to secure a significant piece of Portsmouth's commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Portsmouth
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.270731582591
    Latitude
    41.578464057026

    Comparable in this City

    • $140,000
      0.08 Acres

      Land in Common Fence Point

      Residential land for sale in Portsmouth, Rhode Island.
      Common Fence Blvd, Portsmouth, RI 02871
      View Details
    • $649,900
      1.85 Acres

      Portsmouth Land Division Opportunity

      1.85 acres of cleared land with division potential.
      Bridgeview Way, Portsmouth, RI 02871
      View Details
    • New
      $1,395,000
      1.38 Acres

      Waterfront Homesite Overlooking Sakonnet River

      Construction-ready 1.38-acre waterfront homesite with sweeping views.
      Vanderbilt Ln, Portsmouth, RI 02871
      View Details
    • $1,950,000

      Prime Portsmouth Commercial Land

      1.55-Acre Commercial Lot, $1.95M
      1960 Main Rd, Portsmouth, RI 02871
      View Details
    • $399,000
      0.47 Acres

      Portsmouth Buildable Lot Near Farm

      Buildable lot with approved septic design near local amenities.
      249 Middle Rd, Portsmouth, RI 02871
      View Details
    • $325,000
      0.17 Acres

      Residential Land in Coastal Community

      Build your dream home in Prescott Point, Portsmouth, RI.
      Revolution/Freedom Dr, Portsmouth, RI 02871
      View Details

    Similar Nearby for Sale

    • $140,000
      0.08 Acres

      Land in Common Fence Point

      Residential land for sale in Portsmouth, Rhode Island.
      Common Fence Blvd, Portsmouth, RI 02871
      View Details
    • $649,900
      1.85 Acres

      Portsmouth Land Division Opportunity

      1.85 acres of cleared land with division potential.
      Bridgeview Way, Portsmouth, RI 02871
      View Details
    • New
      $1,395,000
      1.38 Acres

      Waterfront Homesite Overlooking Sakonnet River

      Construction-ready 1.38-acre waterfront homesite with sweeping views.
      Vanderbilt Ln, Portsmouth, RI 02871
      View Details
    • $1,950,000

      Prime Portsmouth Commercial Land

      1.55-Acre Commercial Lot, $1.95M
      1960 Main Rd, Portsmouth, RI 02871
      View Details
    • $399,000
      0.47 Acres

      Portsmouth Buildable Lot Near Farm

      Buildable lot with approved septic design near local amenities.
      249 Middle Rd, Portsmouth, RI 02871
      View Details
    • $325,000
      0.17 Acres

      Residential Land in Coastal Community

      Build your dream home in Prescott Point, Portsmouth, RI.
      Revolution/Freedom Dr, Portsmouth, RI 02871
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      27,300 SF

      Aquidneck Island Industrial/Office Space

      Industrial/office space ideal for distribution and marine trades.
      1170 E Main Rd, Portsmouth, RI 02871
      View Details
    • $11 SF/Yr
      37,128 SF

      Portsmouth Office & Warehouse Space

      Versatile Office/Warehouse in Portsmouth
      300 Highpoint Ave, Portsmouth, RI 02871
      View Details
    • $15 SF/Yr
      1,560 SF

      Portsmouth Plaza Retail Space

      1560 sq ft Office/Retail Space, Prime Location
      3001 Main Rd, Portsmouth, RI 02871
      View Details
    • $1,923 /Mo
      1,200 SF

      Tradesman Space in Sakonnet Center

      1200 SF tradesman unit in Portsmouth's bustling town center.
      2451 E Main Rd, Portsmouth, RI 02871
      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.
    1526 Main Rd
    Portsmouth, RI 02871
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.