Technical
Financial
Distress signals
Property profile

246 Thames St Newport, RI 02840

OFF-MARKET
Investment properties
Property ID
US76-0092887
2,906 SF 0.02 ac lot Built 1900
Entity Owned 5-yr Hold
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 2,906 SF
Lot 0.02 ac (806 SF)
Zoning code GB
APN NEWP M:024 B:0249
UPID US76-0092887

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing Store
  • Publishing House

Location

246 Thames St Newport, RI 02840-6613
Newport metro Census 41000 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.54M

Owner & transaction history

since 2021
Last sale
$1.2M
5 recorded transactions
2021
$1.2M
2013
Price N/A
2012
$1
2003
Price N/A
1999
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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