Technical
Financial
Distress signals
Property profile

117 Bellevue Ave Newport, RI 02840

OFF-MARKET
Office Spaces
Property ID
US76-0159039
7,638 SF Built 1900
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Newport, Rhode Island office space at 117 Bellevue Avenue offers two available suites, perfect for a variety of professional needs. Each suite ranges from 200 to 300 square feet, ideal for entrepreneurs, remote workers seeking a professional environment, or solo practitioners. The building offers a traditional office layout, blending seamlessly with executive and creative office styles. The property is conveniently located at 117 Bellevue Avenue, Newport, RI 02840 (41.4843627, -71.3088253). Tenancy is multiple, meaning you'll be part of a vibrant business community. Utilities are included in the rent

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1900
Construction FRAME
Total area 7,638 SF
Zoning code GB
APN NEWP M:028 B:0155 L:1
UPID US76-0159039

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

117 Bellevue Ave Newport, RI 02840-7439
Newport metro Census 40800 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.20M
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2023
$2.8M
2013
Price N/A
2011
$835,000

Zoning & alternative use

GB · Newport, RI
Zoning description

R-40A Residential R-60 District R-60 Residential R-120 District R-120 Residential R-160 District R-160 B. Commercial Districts Code Limited Business District LB Waterfront Business District WB General Business District G…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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