Financial
Distress signals
Property profile

40 Newport Ave Rumford, RI 02916

OFF-MARKET
Showrooms
Property ID
US76-0091503
2,212 SF 0.87 ac lot Built 2022
Last sale Jun 2021 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail pad site within an existing shopping center, featuring pylon signage. The shopping center includes a total gross building size of approximately 175,000 square feet and is served by 466 parking spaces. Anchor tenants include Burlington, Aldi, and Town Fair Tire. The site has undergone recent exterior and site improvements, including a refreshed pylon, facade improvements, and parking lot resurfacing, and it is positioned along a corridor with an estimated traffic count of 17,822 ADT.

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?
$26k
Tax billed · 2024
Assessed value$1.07M
Assessed land$445k
Assessed improvement$629k
Effective rate2.39%

Value estimate

· Sep 2026
$1.29M
$1.16M – $1.42M
AI approach$1.33M

Realmo valuation models over county records and 33 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 comparables33

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?
C3
JurisdictionEAST PROVIDENCE

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 agency42.3
Restaurant26.4
Law Firm26.3

Location

40 Newport Ave Rumford, RI 02916-2068
County assessor Recorded deeds · 2 transfers 33 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
350 Broadway, Rumford, RI 02916-3519 $515,000 Aug 2024 1,926 SF
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
264 Roger Williams, Rumford, RI 02916-3228 $350,000 May 2022 2,080 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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