Technical
Financial
Distress signals
Property profile

21-25 Spg St 25 Newport, RI 02840

OFF-MARKET
Investment properties
Property ID
US76-0156889
2,890 SF 0.03 ac lot Built 1860
Entity Owned 4-yr Hold
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1860
Construction FRAME
Total area 2,890 SF
Lot 0.03 ac (1,124 SF)
Zoning code GB
APN NEWP M:017 B:0188
UPID US76-0156889

Cap rate & NOI

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

Location

21-25 Spg St, Unit 25 Newport, RI 02840-2927
Newport metro Census 41000 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$612k
Blend (final) Blend
$1.09M

Owner & transaction history

since 2021
Last sale
$850,000
4 recorded transactions
2021
$850,000
2013
Price N/A
2013
$325,000
1993
$224,000

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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