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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Showrooms
107-111 Broadway Newport, RI 02840
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0020951
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,578 SF
Lot
0.09 ac (3,816 SF)
Zoning code
GB
APN
NEWP M:021 B:0001
UPID
US76-0020951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.86M
Owner & transaction history
Tbh Newport LLC · 1 yrs held
Tbh Newport LLC
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
GB · Newport, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,860,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.86M (Dec 13 2024)
Last sale anchor
$2.86M
Dec 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$799 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,922
Tax year 2023
Assessed value
$666,800
Assessed 2023
Previous assessed
$646,500
+3.1% YoY
Effective rate
1.49%
On assessed value
Assessed land
$305,900
Assessed improvement
$360,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
3,578 SF
Lot
0.09 ac (3,816 SF)
Zoning code
GB
APN
NEWP M:021 B:0001
UPID
US76-0020951
Jurisdiction
NEWPORT
Zoning & alternative use
GB · Newport, RI
Zoning GB · permitted uses
GB · Newport, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Tbh Newport LLC
Entity
Mailing address
PO BOX 4340, MIDDLETOWN, RI 02842-0340
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$2,860,000
Tbh Newport LLC
Carpe Noctem Real Prop Ll
Warranty Deed
$1,550,000 · Banknewport
Sep 1, 2021
$2,490,000
Carpe Noctem Real Prop
Forsfortis LLC
Warranty Deed
$2,175,000 · Baycoast Bank
Oct 21, 2016
—
Forsfortis LLC
—
Deed
related
$736,000 · Savings Institute
Dec 6, 2011
—
Fifth Element
—
Deed Of Trust
related
$375,000 · Ocean State Business Development Authori
May 20, 2010
$435,000
Fors Fortis LLC
Fitzpatrick,joseph
Warranty Deed
—
Sep 18, 2006
—
Joseph Fitzpatrick
—
Deed Of Trust
related
$25,000 · Newport Fsb
Dec 21, 2005
$600,000
Joseph Fitzpatrick
Kirwin,lizbeth J
Grant Deed
$450,000 · Newport Fsb
Jun 4, 2003
$372,000
Patrick Baker
Chrupcala,calvin
Grant Deed
$315,209 · Zenon Grzybowski
Aug 29, 2002
$295,000
Calvin S Chruplaza
G&h Electric Co INC
Grant Deed
—
—
—
Forsfortis LLC
—
Deed Of Trust
related
$736,000 · Savings Institute
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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