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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Showrooms
29-31 Pelham St Newport, RI 02840
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US76-0188608
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1870
Construction
FRAME
Total area
5,160 SF
Lot
0.11 ac (4,779 SF)
Zoning code
GB
APN
NEWP M:027 B:0006
UPID
US76-0188608
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
$1.13M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.75M
Owner & transaction history
Kbc Realty LLC · 5 yrs held
Kbc Realty LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
GB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,125,000
7%
$1,045,000
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10% · vs last sale $1.65M (Nov 16 2020)
Last sale anchor
$1.65M
Nov 16 2020
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
$338 / 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
Tax billed
$15,862
Tax year 2023
Assessed value
$1,066,000
Assessed 2023
Previous assessed
$1,066,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$371,200
Assessed improvement
$694,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1870
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Rooms
10
Bathrooms
8
Total area
5,160 SF
Lot
0.11 ac (4,779 SF)
Zoning code
GB
APN
NEWP M:027 B:0006
UPID
US76-0188608
Jurisdiction
NEWPORT
Zoning & alternative use
GB · Newport, RI
Zoning GB · permitted uses
GB · 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
1870
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Rooms
10
Bathrooms
8
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kbc Realty LLC
Entity
Mailing address
1151 AQUIDNECK AVE, MIDDLETOWN, RI 02842-5536
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2020
$1,645,000
Kbc Realty LLC
Newport Lodging 2 LLC
Warranty Deed
$1,120,000 · Banknewport
Jul 26, 2019
—
Newport Loding 2 LLC
—
Deed
related
$1,340,000 · Centreville Bk
Dec 28, 2018
—
Newport Lodging 2 LLC
Newport Lodging LLC
Quit Claim Deed
related
—
Apr 12, 2018
$921,053
Newport Lodging LLC
Blue Group INC
Warranty Deed
$6,229,116 · Savings Institute
Jan 17, 2008
$165,000
Blue Group LLC
29 Pelham Street INC
Warranty Deed
$750,000 · Bank Of Newport
Aug 6, 1998
—
29 Pelham Street INC
—
Deed Of Trust
related
$49,000 · Bank Of Newport
Jan 6, 1995
$265,000
Robert M Rolando
Mif Rlty LP
Grant Deed
$165,000 · Bank Of Newport
—
—
Newport Loding 2 LLC
—
Deed Of Trust
related
$1,340,000 · Centreville Bk
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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