Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    130 Spring St Newport, RI 02840
    Back to Search
    Property profile & analytics

    130 Spring St, Newport, RI 02840

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 130 Spring St

    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Newport, Rhode Island commercial property at 130 Spring Street, Units 1 & 2, presents a rare leasing opportunity. Located in a vibrant area, this single-tenant space offers 2,100 square feet within a three-story building constructed in 1849. The property boasts a 7,405 square foot lot and benefits from its prominent Spring Street address, offering high visibility and foot traffic. Previously occupied for nearly 30 years by a jeweler, the space is adaptable to a variety of uses, including retail, office (traditional, executive, or creative), warehouse, or salon/barbershop, among others. The zoning is GB. The building includes one parking space. This unique opportunity is available for a long-term lease with a minimum two-year commitment. The property's rich history and prime location combine to create an exceptional investment prospect. Contact us to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.3171
    Latitude
    41.4712

    Comparable in this City

    • Value Estimation by Request

      130 Or 2

      Lifestyle centers
      130 Or 2, Newport, RI 02840
      View Details
    • Value Estimation by Request
      1,050 SF

      23 Marlborough St

      Office Spaces
      23 Marlborough St, Newport, RI 02840
      View Details
    • Value Estimation by Request
      1,155 SF

      201 Goddard Row Row

      Retail properties & Spaces
      201 Goddard Row Row, Newport, RI 02840
      View Details
    • Value Estimation by Request

      174 Bellevue Ave

      Office Units
      174 Bellevue Ave, Newport, RI 02840
      View Details
    • Value Estimation by Request
      1 SF

      174 Bellevue Ave

      Office Units
      174 Bellevue Ave, Newport, RI 02840
      View Details
    • Value Estimation by Request
      113 SF

      38 Bellevue Ave, Unit X

      CONDOMINIUM OFFICES
      38 Bellevue Ave, Newport, RI 02840-3496
      View Details

    Similar Nearby for Sale

    • $329,000
      947 SF

      Commercial Condo in Prime Location

      Ideally situated commercial condo near Newport's waterfront and downtown.
      64 Halsey St, Newport, RI 02840
      View Details
    • $1,775,000
      2,372 SF

      Mixed-Use Property in Prime Location

      Mixed-use property with office/retail spaces and residential units.
      2 Perry St, Newport, RI 02840
      View Details
    • Contact for pricing

      Mixed-Use Property in Prime Location

      Well-maintained mixed-use property with office and residential units.
      2 Perry St, Newport, RI 02840
      View Details
    • $2,450,000
      1.34 Acres

      Newport Development Opportunity: 1.37 Acres

      Two lots totaling 1.37 acres in Newport, Rhode Island.
      Sheffield Ave, Newport, RI 02840
      View Details
    • Contact for pricing
      718 SF

      Professional Office Condo in Newport

      Office condo in desirable Newport location, tenant in place.
      15 Old Beach Rd, Newport, RI 02840
      View Details
    • Contact for pricing
      2,372 SF

      Mixed-Use Property in Prime Location

      Mixed-use property with office spaces and residential units in Newport.
      2 Perry St, Newport, RI 02840
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Prime Downtown Newport Retail/Office Space

      Exceptional retail/office space in vibrant, historic downtown Newport.
      233 Spring St, Newport, RI 02840
      View Details
    • Contact for pricing

      Newport Office Space For Rent

      Office space for rent in a well-maintained building.
      342 Broadway, Newport, RI 02840
      View Details
    • Contact for pricing

      Newport Commercial Space For Lease

      Large open commercial space in central Newport, Rhode Island.
      76 Broadway, Newport, RI 02840
      View Details
    • $600 /Mo

      Newport Office Space For Rent

      Office space for rent in a well-maintained building.
      342 Broadway, Newport, RI 02840
      View Details
    • Contact for pricing

      Live-Work Space in Newport

      Flexible live-work space with office and residential areas.
      86 William St, Newport, RI 02840
      View Details
    • Contact for pricing
      4,270 SF

      Office Space Available For Rent

      4270 sqft office space available for rent.
      320 Thames St, Newport, RI 02840
      View Details
    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.
    130 Spring St
    Newport, RI 02840
    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
    130 Spring St, 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!