Financial
Distress signals
Property profile

1042 Newport Ave Pawtucket, RI 02861

OFF-MARKET
Other investment properties
Property ID
US76-0149355
6,647 SF 0.46 ac lot Built 1910
Last sale May 2021 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 1042 Newport Ave, Pawtucket, RI 02861 consists of a 6,647-square-foot office building situated on nearly half an acre of land. The existing structure is configured as office space and has been presented as suitable for either continued owner-user office occupancy or conversion to residential apartments. An oversized parking lot is included on the site and provides on-site parking while also allowing for the possibility of a ground-up development in addition to the existing building.

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 · 2015

What does the county charge?
$12k
Tax billed · 2015
Assessed value · 2023$627k
Assessed land$258k
Assessed improvement$370k
Effective rate1.92%

Value estimate

· Sep 2026
$750k
$675k – $825k
AI approach$590k
Sales comparison$1.02M

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$142/SF
ZIP average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$94 – $184
Qualifying comparables25

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?
RT
Residential Two-Family RT. This zone is intended for neighborhoods consisting of interspersed one- and two-family dwellings. D. Residenti...
General categoryRESIDENTIAL
JurisdictionPAWTUCKET

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 agency27.3
Law Firm27.0
Skin Care Clinic16.1

Location

1042 Newport Ave Pawtucket, RI 02861-2540
County assessor Recorded deeds · 1 transfer 25 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
654 Central, Pawtucket, RI 02861-2060 $775,000 Jan 2025 5,856 SF
1008 Newport, Pawtucket, RI 02861-2530 $1,550,000 Dec 2024 9,641 SF
1012 Newport, Pawtucket, RI 02861-2530 $950,000 Sep 2024 5,062 SF
619 Central, Pawtucket, RI 02861-1955 $525,000 Apr 2022 6,553 SF
442 Central, Pawtucket, RI 02861-1978 $645,000 Nov 2021 5,620 SF
569 Armistice, Pawtucket, RI 02861-2631 $225,000 Oct 2021 5,158 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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