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Property profile

138 Spg St 1 Newport, RI 02840

OFF-MARKET
Other commercial real estate
Property ID
US76-0164840
580 SF Built 1900
Last sale Dec 2025 · $325,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 580-square-foot two-level storefront within a building constructed in 1900. It features interior improvements that include new flooring, refreshed lighting, a newer air-conditioning system, and an updated bathroom. The layout includes a kitchenette equipped with a refrigerator, wine refrigerator, microwave, and sink, plus adjustable custom storage, along with a rear storage/workroom area. Large windows provide natural light. The exterior includes a refreshed façade. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$127k
Assessed improvement$127k
Effective rate1.49%

Value estimate

· Nov 2026
$180k
$162k – $198k

Realmo valuation models over county records and 10 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 comparables10

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?
GB
R-40A Residential R-60 District R-60 Residential R-120 District R-120 Residential R-160 District R-160 B. Commercial Districts Code Limit...
General categoryCOMMERCIAL
JurisdictionNEWPORT

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service10.9
Auto Parts Store10.3
Daycare Center10.2

Location

138 Spg St, Unit 1 Newport, RI 02840-6806
County assessor Recorded deeds · 6 transfers 10 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
64 Halsey St, Newport, RI 02840-1350 $120,000 Feb 2025 1,274 SF
221 Goddard, Newport, RI 02840-6607 $650,000 Feb 2024 821 SF
570 Bellevue, Newport, RI 02840-4265 $4,300,000 Dec 2023 1,632 SF
122 Connell Hwy, Newport, RI 02840-1396 $190,000 Dec 2023 958 SF
59 Bellevue, Newport, RI 02840-3207 $137,500 Nov 2023 239 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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