Property profile

3030 East Main Rd 3 Portsmouth, RI 02871

FOR SALE
Showrooms
Property ID
US76-0094233
8,240 SF 0.92 ac lot Built 1988
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

A retail center unit configured as a 30 by 45 space, totaling 1,350 square feet, with a private restroom. The suite is positioned as a center unit within an established retail center and features a straightforward storefront layout. The property is located along East Main Road, with access to Route 24 within minutes, and includes on-site parking for customer use. The unit is suited to neighborhood-oriented retail and service uses based on its retail storefront configuration and private bathroom, and is part of a larger retail tenant mix within the center.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Construction FRAME
Total area 8,240 SF
Lot 0.92 ac (40,033 SF)
Zoning code C
APN PORT M:031 B:0029B
UPID US76-0094233

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Real Estate Agency
  • Telecommunications Service Data Center
  • Hardware & Home Improvement Carpet & Flooring Store
  • Real Estate Agency

Location

3030 East Main Rd, Unit 3 Portsmouth, RI 02871
Portsmouth metro Census 40102 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$330k

Owner & transaction history

since 2007
1 recorded transaction
2007
$800,000

Zoning & alternative use

C · Portsmouth, RI
Zoning description

COMMERCIAL DISTRICT C-1 is established to provide areas for commercial establishments and serve community and Town-wide shopping and service needs. TOWN CENTER DISTRICT - TC is established to provide for a pedestrian-fri…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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