Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1042 Newport Ave Pawtucket, RI 02861-2540

    • Investment properties
    • 6,647 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    May 04, 2021
    $450,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0149355
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gingras Paul / Social Service Agency
    • Darlington Mortuary Of L. Heroux & Son / Social Service Agency
    • Heroux Madeleine / Social Service Agency
    • Labonte Thomas / Social Service Agency

    Property Details for 1042 Newport Ave

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    6,647 SF
    Zone code
    RT
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    PAWT M:18 L:0878
    APU
    PAWTM18L0878

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $710,000
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,017,000
      Market price range: $627k - $1.22M
      AI Estimate
      $820,000
      Market price range: $451k - $1.06M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $945,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawtucket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3546
    Latitude
    41.8832
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2015
    $12,068
    $257,600
    $369,600
    $627,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $775,000
      5,856 SF

      654 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,856 SF
      654 Central Ave, Pawtucket, RI 02861-2060
      View Details
    • Value Estimation by Request
      3,665 SF

      672 Armistice Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,665 SF
      672 Armistice Blvd, Pawtucket, RI 02861-2709
      View Details
    • Value Estimation
      $510,000
      0.18 Acres

      170 Coyle Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.18 Acres
      170 Coyle Ave, Pawtucket, RI 02861-4534
      View Details
    • Value Estimation by Request
      1,130 SF

      105 Wendell St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,130 SF
      105 Wendell St, Pawtucket, RI 02861-1246
      View Details
    • Value Estimation by Request
      4,114 SF

      244 Kenyon Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,114 SF
      244 Kenyon Ave, Pawtucket, RI 02861
      View Details
    • Value Estimation by Request
      2,416 SF

      23 Linden St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,416 SF
      23 Linden St, Pawtucket, RI 02861
      View Details

    Similar Nearby for Sale

    • $1,050,000
      0.05 Acres

      Renovated Mixed-Use Investment Opportunity

      Fully renovated mixed-use building with residential and commercial units.
      735 Broadway, Pawtucket, RI 02861
      View Details
    • New
      $1,050,000
      0.05 Acres

      Renovated Mixed-Use Investment Property

      Fully renovated mixed-use property with residential and commercial units.
      735 Broadway, Pawtucket, RI 02861
      View Details
    • $300,000
      0.26 Acres

      Pawtucket Warehouse - Great Location

      Spacious warehouse, office space, dual street access.
      25 Mendon Ave, Pawtucket, RI 02861
      View Details
    • $1,200,000

      Pawtucket Auto Shop - Prime Location

      Established Auto Business; Huge Lot; Turnkey Operation
      1153 Central Ave Central Ave, Pawtucket, RI 02861
      View Details
    • $480,000
      1,764 SF

      Renovated Office Building For Sale

      1,764 SF office building renovated in 2018 on 6,165 SF land.
      1155 Newport Ave, Pawtucket, RI 02861
      View Details
    • $549,900

      Well-Maintained Two-Family Home

      Two-unit property near transportation, ideal for investors or owner-occupants.
      342 Grand Ave, Pawtucket, RI 02861
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,705 SF

      Pawtucket Flex Space Available

      12,868 SF flex space for rent in Pawtucket, RI.
      670-710 Narragansett Park Dr, Pawtucket, RI 02861
      View Details
    • Contact for pricing
      238,068 SF

      Narragansett Park Plaza Retail Space

      Prime Retail Space, Multiple Units Available
      675 Beverage Hill Ave, Pawtucket, RI 02861
      View Details
    • Contact for pricing
      30,208 SF

      Pawtucket Warehouse with Immediate Occupancy

      30,208 SF warehouse space available for immediate occupancy.
      99 Webster St, Pawtucket, RI 02861
      View Details
    • Contact for pricing
      1,866 SF

      Retail Space in Cottage Street Plaza

      Retail spaces available in Stop & Shop anchored neighborhood center.
      368-398 Cottage St, Pawtucket, RI 02861
      View Details
    • $6,000 /Mo
      12,000 SF

      Pawtucket Warehouse Space Available

      12,000 SF warehouse with loading dock in industrial park.
      515 Narragansett Park Dr, Pawtucket, RI 02861
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1042 Newport Ave
    Pawtucket, RI 02861-2540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.