Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

275 Newport Ave Rumford, RI 02916

FOR LEASE
Showrooms
Property ID
US76-0187889
2,708 SF 0.64 ac lot Built 1977
Last sale Apr 2020 · $1,220,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a former bank branch building with approximately 2,804 square feet of space, situated on an approximately 0.69-acre site. It is configured for retail or financial use and includes three curb cuts, three drive-through lanes, and 12 on-site parking spaces. The building is located on a commercial corridor and is zoned Commercial C-1. The site provides vehicular connectivity to I-95, I-195, Route 44, and the Massachusetts state line, with an access and parking layout suited to both walk-in customer traffic and drive-through operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$22k
Tax billed · 2024
Assessed value$905k
Assessed land$349k
Assessed improvement$556k
Effective rate2.39%

Value estimate

· Nov 2026
$1.16M
$1.04M – $1.28M
AI approach$1.21M
Submarket $/SF estimate$623k
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$5k
Operating expenses−$13k
NOI · 89,917.65% cap applied$31k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
Submarket average, outlier-cleaned · 137 recorded sales of this use type
Observed band · Q1–Q3$88 – $230
Qualifying comparables9

Cap rate analysis

How does the asset earn?
89,917.65%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionEAST PROVIDENCE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.4
Parking Facility12.1
Dental Office12.0

Location

275 Newport Ave Rumford, RI 02916
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
331 Newport, Rumford, RI 02916-2140 $535,000 Sep 2023 2,481 SF
140 Newport, Rumford, RI 02916-2038 $500,000 Aug 2023 2,336 SF
330 Broadway, Rumford, RI 02916-3519 $550,000 Sep 2021 2,688 SF
40 Newport, Rumford, RI 02916-2068 $1,100,000 Jun 2021 2,212 SF
339 Newport, Rumford, RI 02916-2140 $160,000 Feb 2019 2,430 SF
430 Newport, Rumford, RI 02916-2141 $400,000 Jan 2019 2,232 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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