Financial
Distress signals
Property profile

275 Newport Ave Rumford, RI 02916

FOR LEASE
Showrooms
Property ID
US76-0187889
2,708 SF 0.64 ac lot Built 1977
Last sale Apr 2020 · $1,220,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 2,804± square foot former bank branch is located on a 0.69± acre site and is configured for retail or financial use. The property includes three curb cuts and three drive-through lanes and provides 12 on-site parking spaces to support customer access and vehicle circulation. The building sits on a commercial corridor with access to major routes including I-95, I-195, RT-44, and the Massachusetts state line. Zoning is Commercial C-1.

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?
$22k
Tax billed · 2024
Assessed value$905k
Assessed land$349k
Assessed improvement$556k
Effective rate2.39%

Value estimate

· Sep 2026
$1.16M
$1.04M – $1.28M
AI approach$1.21M
Sales comparison$623k
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$5k
Operating expenses−$13k
NOI · 89,917.65% cap applied$31k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
Submarket average, outlier-cleaned · 137 recorded sales of this use type
Observed band · Q1–Q3$88 – $230
Qualifying comparables7

Cap rate analysis

How does the asset earn?
89,917.65%
$31k 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?
C1
JurisdictionEAST PROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.4
Parking Facility12.1
Dental Office12.0

Location

275 Newport Ave Rumford, RI 02916
County assessor Recorded deeds · 3 transfers 7 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
331 Newport, Rumford, RI 02916-2140 $535,000 Sep 2023 2,481 SF
140 Newport, Rumford, RI 02916-2038 $500,000 Aug 2023 2,336 SF
330 Broadway, Rumford, RI 02916-3519 $550,000 Sep 2021 2,688 SF
40 Newport, Rumford, RI 02916-2068 $1,100,000 Jun 2021 2,212 SF
339 Newport, Rumford, RI 02916-2140 $160,000 Feb 2019 2,430 SF
430 Newport, Rumford, RI 02916-2141 $400,000 Jan 2019 2,232 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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