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    275 Newport Ave Rumford, RI 02916

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    For Lease
    $1,295,000

    Freestanding former bank in a suburban East Bay location.

    Property size:
    2,708 SF
    Lot size:
    0.64 Acres

    Property Features for 275 Newport Ave

    General Information

    Size
    2,708 SF
    Lot size
    0.64 Acres

    Source: Hayes & Sherry Agent William F. Greene

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Former Bank Building

    This 2,708 square foot freestanding building is a former bank located in a suburban area of the East Bay. Situated on Newport Avenue (Route 1A), the property benefits from high visibility and ease of access.
    Insight Report Location Intelligence

    Current Use by Public Records

    Citizens Bank Citizens Bank ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rumford
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.354702
    Latitude
    41.8518577

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    FAQs

    What type of property is this?
    Bank - Freestanding former bank in a suburban East Bay location.
    Where is this bank located?
    The property is located at 275 Newport Ave Rumford, RI.
    What are key features of this property?
    This property features: - Freestanding former bank building; - Highly visible location on Route 1A (Newport Avenue); - Easily accessible location
    (401) 273-1980
    Request Owner's contact information
    275 Newport Ave Rumford, RI 02916
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    Rumford, RI 02916
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    Realmo Value Estimation

    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.

    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.

    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
    275 Newport Ave Rumford, RI 02916
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