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Property profile & analytics
OFF-MARKET
Investment properties
3988 Main Rd, Tiverton, RI 02878-4860
Individually Owned
1-yr Hold
Free & Clear
Property ID
US76-0380262
Property summary
AI-generated overview
This exceptional mixed-use property, located at 3988 Main Road in Tiverton, Rhode Island, presents a rare opportunity to own a piece of history. The Davenport House, a Greek Revival farmhouse built circa 1800, sits on a picturesque 2-acre lot (87,816.96 sq ft) featuring mature trees and a tranquil brook. Landscaped gardens designed by renowned landscape architect Lloyd Lawton enhance the property's charm. The main building is a two-story structure with one building and a total of two units. The second floor offers a cozy two-bedroom, one-bathroom apartment, ideal for residential use or generating rental income. A small shed provides additional storage or potential workspace. This property in the South Tiverton area, just south of Historic Four Corners, offers a unique blend of historic charm and modern business potential, making it suitable for a variety of commercial ventures. The property's zip code is 02878, and it is situated in Newport County. The asking price for this remarkable property is $750,000.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1800
Construction
FRAME
Total area
2,535 SF
Lot
2.02 ac (87,817 SF)
Zoning code
R80
APN
TIVE M:813 B:123
UPID
US76-0380262
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gamine Co Clothing Store
-
Barksfield Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jeanne D Stanton · 1 yrs held
Jeanne D Stanton
since 2024
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
R80 · Tiverton, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tiverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tiverton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,637
Tax year 2024
Assessed value
$419,600
Assessed 2024
Previous assessed
$332,100
+26.3% YoY
Effective rate
1.11%
On assessed value
Assessed land
$179,100
Assessed improvement
$240,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1800
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Bathrooms
100
Total area
2,535 SF
Lot
2.02 ac (87,817 SF)
Zoning code
R80
APN
TIVE M:813 B:123
UPID
US76-0380262
Jurisdiction
TIVERTON
Zoning & alternative use
R80 · Tiverton, RI
Zoning R80 · permitted uses
R80 · Tiverton, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tiverton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1800
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
100
Lot
2.02 ac
Current owner
From public records · entity-resolved
Jeanne D Stanton
Individual
Free & Clear · 1 yrs held
Mailing address
3948 MAIN RD, TIVERTON, RI 02878-4809
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
$725,000
Jeanne D Stanton
Davenport LLC
Warranty Deed
—
Oct 18, 2024
—
Danvenport LLC
Leon J Sylvia
Deed
related
—
Sep 20, 2018
$325,000
Davenport LLC
Sylvia,leon J & Lynn A
Warranty Deed
$217,000 · Banknewport
Jul 6, 2016
$275,000
Leon J Sylvia
Silverman,michael & Louise
Warranty Deed
$240,000 · Michael Silverman
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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