Technical
Financial
Distress signals
Property profile

181 Bellevue Ave Newport, RI 02840

OFF-MARKET
Showrooms
Property ID
US76-0150317
64,472 SF 4.88 ac lot Built 1962
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,000 square foot warehouse space, located at 181 Bellevue Avenue in Newport, Rhode Island, presents a unique leasing opportunity. Situated within the lower level of Bellevue Gardens, this single-tenant industrial property offers convenient access via stairs or a freight elevator located at the rear of the building. The property also boasts access to a truck-level overhead garage door, ensuring efficient loading and unloading capabilities. Currently situated beneath 'A Market' and 'Fitness 500', this space is ideal for a variety of businesses requiring ample storage and convenient access. The total area of approximately 12,000 square feet is highly adaptable; the space can be subdivided into smaller units to accommodate specific tenant needs, with pricing adjusted accordingly per square foot. This prime Newport County location offers significant advantages for businesses seeking a functional and well-situated warehouse in a vibrant area. The flexible layout and convenient access make this property an attractive option for a range of industrial and distribution operations. Inquire today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 64,472 SF
Lot 4.88 ac (212,573 SF)
Zoning code GB
APN NEWP M:028 B:0112 L:4
UPID US76-0150317

Cap rate & NOI

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

Location

181 Bellevue Ave Newport, RI 02840-3989
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
$3.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.29M
Blend (final) Blend
$3.07M

Owner & transaction history

since 2023
Last sale
$4.0M
2 recorded transactions
2023
$4.0M
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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