Financial
Distress signals
Property profile

138 Spg St 1 Newport, RI 02840

OFF-MARKET
Other commercial real estate
Property ID
US76-0164840
580 SF Built 1900
Last sale Apr 2023 · $237,500
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial retail unit located on Spring Street in downtown Newport, positioned at the top of Queen Anne’s Square. The unit covers 580 square feet and is zoned GB. It features oversized plate-glass bay windows designed for display use and provides natural light throughout the space. Track lighting is installed for display illumination. Interior layout includes a dedicated storage room for inventory and supplies and a half bathroom for staff and visitor use.

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 · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$127k
Assessed improvement$127k
Effective rate1.49%

Value estimate

· Sep 2026
$180k
$162k – $198k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$362/SF
ZIP average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$167 – $560
Qualifying comparables7

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?
GB
R-40A Residential R-60 District R-60 Residential R-120 District R-120 Residential R-160 District R-160 B. Commercial Districts Code Limit...
General categoryCOMMERCIAL
JurisdictionNEWPORT

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service10.8
Auto Parts Store10.2
Dry Cleaner10.2

Location

138 Spg St, Unit 1 Newport, RI 02840-6806
County assessor Recorded deeds · 4 transfers 7 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 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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