Financial
Distress signals
Property profile

15 Point Rd Portsmouth, RI 02871

FOR SALE
Showrooms
Property ID
US76-0013523
2,499 SF 0.24 ac lot Built 1940
Last sale Apr 2010 · $450,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding waterfront restaurant building located in Portsmouth, Rhode Island, with a footprint of approximately 2,500 square feet situated on a 0.24-acre lot and zoned C. The facility is configured with a full bar and two indoor dining rooms—one on a lower level and one on an upper level—both supporting waterfront views. The property also includes outdoor dining with an outdoor bar overlooking the water. On-site parking is provided, and the building has been set up for restaurant operations with included fixtures, furnishings, and equipment (FF&E).

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 · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$422k
Assessed land$173k
Assessed improvement$248k
Effective rate1.28%

Value estimate

· Sep 2026
$445k
$401k – $490k
AI approach$520k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$6k
Operating expenses−$12k
NOI · 5.04% cap applied$36k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$223/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$125 – $306
Qualifying comparables10

Cap rate analysis

How does the asset earn?
5.04%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C
COMMERCIAL DISTRICT C-1 is established to provide areas for commercial establishments and serve community and Town-wide shopping and serv...
General categoryCOMMERCIAL
JurisdictionPORTSMOUTH

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 agency12.0
Spa & Massage10.1
Building Supply9.5

Location

15 Point Rd Portsmouth, RI 02871
County assessor Recorded deeds · 5 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Tower, Portsmouth, RI 02871-1633 $1,400,000 May 2025 3,200 SF
1627 Main, Portsmouth, RI 02871-1078 $1,300,000 May 2025 3,200 SF
402 Park, Portsmouth, RI 02871 $325,000 Aug 2024 2,012 SF
3102 Main, Portsmouth, RI 02871-4256 $600,000 May 2024 1,924 SF
1698 Main, Portsmouth, RI 02871-2445 $985,000 Aug 2023 3,060 SF
2918 Main, Portsmouth, RI 02871-4232 $550,000 May 2023 2,150 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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