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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Investment properties
18 Sheffield Ave Newport, RI 02840-1618
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0227097
Property summary
AI-generated overview
This stunning Newport, RI mixed-use property, located at 18 Sheffield Ave, offers a unique blend of residential and commercial space. The 5,975 square foot building, constructed in 1948 and renovated in 2003, sits on a 2.16-acre lot and is zoned R-10. The upper floors comprise a spacious 5-bedroom, 2.5-bathroom residential unit featuring wide oak floors, ornate details, high ceilings, a marble fireplace, and a dry bar. Modern amenities include in-unit laundry and elevator access. A large dry basement provides ample storage. The exterior boasts a private, bamboo-lined yard. The first floor offers 2,625 square feet of versatile commercial space, perfect for various business ventures. Thirteen parking spaces are available. This property presents an exceptional live-work opportunity or a strong investment prospect, combining the comfort of a luxurious home with the potential for substantial commercial income. The asking price is $2,100,000. This is a rare opportunity to acquire a meticulously maintained property in a desirable Newport location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,975 SF
Lot
0.3 ac (12,985 SF)
Zoning code
R10
APN
NEWP M:010 B:0185
UPID
US76-0227097
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
by Request
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$1.02M
Owner & transaction history
18 Sheffield LLC · 5 yrs held
18 Sheffield LLC
since 2021
Last sale
$1.1M
1 recorded transaction
Zoning & alternative use
R10 · 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
$1,375,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.08M (Jun 15 2021)
Last sale anchor
$1.08M
Jun 15 2021
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
$171 / 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
Assessed value
$580,300
Assessed 2023
Previous assessed
$580,300
+0.0% YoY
Assessed land
$197,800
Assessed improvement
$382,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
12
Bathrooms
3
Total area
5,975 SF
Lot
0.3 ac (12,985 SF)
Zoning code
R10
APN
NEWP M:010 B:0185
UPID
US76-0227097
Jurisdiction
NEWPORT
Zoning & alternative use
R10 · Newport, RI
Zoning R10 · permitted uses
R10 · 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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
12
Bathrooms
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
18 Sheffield LLC
Entity
Mailing address
18 SHEFFIELD AVE, NEWPORT, RI 02840-1618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
$1,075,000
18 Sheffield LLC
W Stephen Lirakis
Warranty Deed
$675,000 · Webster Bank
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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