1985 MainPortsmouth, RI 02871

  • Other commercial real estate
  • 6,168 SF
Off market
$9,851,360 Estimated

Property Details for 1985 Main

Year built
1980
Construction
FRAME
Lot size
0.98 AC
Property size (Sq ft)
6,168 SF
Zone code
C
Property type
Other commercial real estate
Property subtype
Showrooms
APN
PORT M:042 B:0090
APU
PORTM042B0090

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,499,039
    6.5%
    $1,383,729
    7%
    $1,284,891
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,030,895
    Geo Method
    $2,030,895
  • Alternative Use

    Use
    Valuation
    Residential
    $1,167,227
    Hospitality
    $1,069,174
    Educational
    $889,540
    Medical
    $920,132
    Retail
    $1,383,729
1985 Main, Portsmouth, Rhode Island

Location Insight

City
Portsmouth
County
Newport
State
Rhode Island
Latitude
41.585
Longitude
-71.2518
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
2023
$7,521
$382,300
$206,200
$588,500
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