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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?

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

Value estimate

· Nov 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 · 6 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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