Technical
Financial
Distress signals
Property profile

162 Broadway Newport, RI 02840

OFF-MARKET
Showrooms
Property ID
US76-0029974
2,435 SF 0.07 ac lot Built 1930
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This stunning 205 sq ft executive office space at 162 Broadway, Unit 3, Newport, RI 02840, is available for immediate occupancy. Located in the vibrant Broadway neighborhood, this pristine, newly renovated office boasts an ensuite bathroom and one dedicated parking spot – a rare find in this desirable location. The building, constructed in 1900, offers a blend of historic charm and modern convenience. This single-unit office is part of a multifamily property, ensuring a quiet and professional work environment. The asking price is $1,900. All utilities are included, except for internet. Water, electricity, refuse removal, and grounds keeping are all covered in the rental price. The convenient location places you steps away from a variety of businesses and restaurants, making it an ideal location for professionals seeking a productive and well-situated workspace. The lot size is 0 sq ft, reflecting the building's integration within the established neighborhood. This is a unique opportunity to secure a highly desirable office space in the heart of Newport.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,435 SF
Lot 0.07 ac (3,084 SF)
Zoning code GB
APN NEWP M:018 B:0172
UPID US76-0029974

Cap rate & NOI

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

Location

162 Broadway Newport, RI 02840-7751
Newport metro Census 40600 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
Last sale
$1.7M
7 recorded transactions
2025
$1.7M
2019
Price N/A
2016
$240,000
2012
$506,000
2007
$530,000
2006
$180,000
1969
Price N/A

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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