Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Land in Newport, RI Title is generated by Realmo AI

    Ledyard Street, Newport, RI 02840

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Ledyard Street, Newport, RI
    For Sale
    Under Contract
    $300,000

    LAND - Newport, RI

    Lot size:
    0.11 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    49
    Last Refresh:
    May 13 at 11:06 am

    Property Features for Ledyard Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R10
    Standard status
    Active Under Contract
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1680

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Steve Larson

    Listing agent Steve Larson

    Listing office Re/Max Profnl. Newport, Inc. 55 Memorial Blvd, Newport, RI

    Listing date Mar 26, 2026

    MLS# 1406975 Listing URL

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare Newport vacant lot opportunity.
    • Located in the Upper Broadway neighborhood.
    • Electricity Available.
    • Offered as a package with 18 Ledyard Street. See MLS# 1406974 for package details.
    • Vacant lot allows for custom build.

    Overview

    This is a rare opportunity to acquire a vacant lot located in the Upper Broadway neighborhood of Newport, Rhode Island. The lot is 0.111 acres and zoned R10. It is also offered as a package with the sale of 18 Ledyard Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.3037452
    Latitude
    41.5015017

    Nearby Similar for Sale

    • $600

      Office Space in Newport, RI

      Office space for sale in a well-maintained building.
      342 Broadway, Newport, RI 02840
      View Details
    • $329,000

      Newport Commercial Condo For Sale

      Commercial condo in prime Newport location with flexible business potential.
      64 Halsey Street, Newport, RI 02840
      View Details
    • $2,450,000

      Newport Development Opportunity: 1.37 Acres

      Two lots totaling 1.37 acres in Newport, Rhode Island.
      Sheffield Avenue, Newport, RI 02840
      View Details
    • $1,275,000

      Historic Hill Townhouse, Newport

      Two-unit property near Bellevue Avenue and Newport Harbor.
      98 John Street, Newport, RI 02840
      View Details
    • $824,999

      Newport Two-Family Investment Opportunity

      Two-family property in Newport's Kay/Broadway neighborhood, close to amenities.
      8 Mann Avenue, Newport, RI 02840
      View Details
    • $1,500,000

      Renovated Two-Family Newport Residence

      Completely renovated two-family home in Newport, suitable for various uses.
      20 Summer Street, Newport, RI 02840
      View Details
    • $835,000

      Charming Newport Cottage - Multifamily Potential

      Charming cottage in Newport's Historic Hill neighborhood with multifamily potential.
      51 William Street, Newport, RI 02840
      View Details
    • $1,775,000

      Newport Mixed-Use Investment Opportunity

      Well-maintained mixed-use property with commercial and residential units in Newport.
      2 Perry Street, Newport, RI 02840
      View Details
    • $1,775,000

      Mixed-Use Property in Prime Location

      Mixed-use property with office spaces and residential units in Newport.
      2 Perry Street, Newport, RI 02840
      View Details
    • $799,000

      Newport Multifamily Near Broadway Shops

      Multifamily property near shops, restaurants, and Newport Bridge.
      19 Vernon Avenue, Newport, RI 02840
      View Details
    • $3,250,000

      Renovated Mixed-Use Building, Newport

      High-visibility mixed-use building with income potential in Newport, RI.
      491 Thames Street, Newport, RI 02840
      View Details
    • $1,685,000

      Historic Colonial in Newport's Hill

      Elegant home in a sought-after neighborhood, close to attractions.
      28 John Street, Newport, RI 02840
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in Newport's Upper Broadway neighborhood.
    Where is this residential land & home lot located?
    The property is located at Ledyard Street Newport, RI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Rare Newport vacant lot opportunity.; Located in the Upper Broadway neighborhood.; Electricity Available.
    (401) 849-0100
    We can help!
    Listing Contact
    Steve Larson
    Learn More
    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.
    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

    Thank You for Inquiry
    Ledyard Street, Newport, RI 02840
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!