Financial
Distress signals
Property profile

215 3rd Stb Newport, RI 02840

OFF-MARKET
Commercial real estate
Property ID
US76-0095949
5,050 SF Built 1956
Last sale Oct 1996 · $120,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$647k
Assessed improvement$647k
Effective rate1.05%

Value estimate

· Sep 2026
$120k
$108k – $132k
AI approach$120k

Realmo valuation models over county records and 42 qualifying comparable sales.

Recently sold

What actually traded nearby?
$362/SF
ZIP average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$167 – $560
Qualifying comparables42

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MT
District GB Commercial-Industrial District CI Traditional Maritime District TM C. Other Districts Code Open Space District OS Recreationa...
General categoryUNKNOWN
JurisdictionNEWPORT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.8
Building Supply26.8
Law Firm25.5

Location

215 3rd Stb Newport, RI 02840-1035
County assessor Recorded deeds · 3 transfers 42 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
38 Dr Marcus Wheatland, Newport, RI 02840-2049 $1,750,000 May 2025 3,536 SF
105 Broadway, Newport, RI 02840-2744 $2,300,000 May 2025 6,870 SF
100 Church, Newport, RI 02840 $94,875,000 Jan 2025 7,366 SF
107-111 Broadway, Newport, RI 02840 $2,860,000 Dec 2024 3,578 SF
10 Howard, Newport, RI 02840-3466 $6,200,000 Oct 2024 6,582 SF
41 Pelham, Newport, RI 02840-3018 $7,200 Dec 2023 4,137 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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