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Property profile & analytics

221 3Rd St Newport, RI 02840

  • Commercial real estate
  • 65,282 SF
  • 2.77 lot acres
Value Estimation
Location Intelligence
Property ID
US76-0177643
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 221 3Rd St

Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.77 lot acres
Property size
65,282 SF
Zone code
CI
Property type
Commercial real estate
APN
NEWP M:004 B:0073
APU
NEWPM004B0073

Description

Admirals Gate, located at 221 Third Street in Newport, Rhode Island, offers exceptional office space in a convenient location. This 27,072 square foot building, constructed in 1988, provides a variety of options for businesses of all sizes. Currently, there are four available suites ranging from 170 to 470 square feet, perfect for traditional office setups, executive offices, or coworking arrangements. The building's strategic location just north of downtown Newport, near the Jamestown Bridge and minutes from the Naval Base, ensures easy access for employees and clients. Ample on-site parking is a significant advantage. A key benefit is the inclusion of all utilities (electricity, heat, air conditioning, and water) within the rental cost, simplifying budgeting for tenants. Tenants are solely responsible for their phone and internet services. Floor plans and detailed information on current availability are readily accessible. The building is well-suited for businesses seeking a blend of convenience, accessibility, and cost-effectiveness in a desirable Newport location. This is a multi-tenant building offering a range of office space options to suit diverse business needs.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Newport
County
Newport
State
Rhode Island
Longitude
-71.3197
Latitude
41.506
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
2020
$79,970
$716,900
$4,492,100
$5,209,000
-
$0.00
$0.00
$0.00
More about this property
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