The property is an office space located in a well-maintained building on Broadway in Newport, Rhode Island. It sits on a lot size of 0.27 acres and is positioned in downtown Newport near shops, restaurants, and other amenities, with the space located in an area intended to minimize heavy street noise. The configuration is suited to a range of small-business and professional uses, including entrepreneurs, creative users, and remote professionals seeking a dedicated workspace.

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

What does the county charge?

Assessed value · 2023$860k

Assessed land$360k

Assessed improvement$500k

Value estimate

· Oct 2026

$505k

$455k – $556k

CAP approach$595k

Submarket $/SF estimate$636k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?

$362/SF

ZIP average, outlier-cleaned · 102 recorded sales of this use type

Observed band · Q1–Q3$167 – $560

Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

R10

JurisdictionNEWPORT

Location intelligence

Which uses thrive at this corner?

Best fit: Daycare Center

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Daycare Center10.6

Laundry Service9.3

Locksmith9.3

342 Broadway Newport, RI 02840-1736

County assessor Recorded deeds · 3 transfers 8 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

Address Sale price Sold Size

267 Spg, Newport, RI 02840-6814 $475,000 Sep 2024 3,573 SF

10 Franklin, Newport, RI 02840-3013 $2,900,000 Mar 2024 3,522 SF

7 Broadway, Newport, RI 02840-2936 $560,000 Mar 2023 3,559 SF

114 Touro, Newport, RI 02840-2967 $1,250,000 Feb 2023 3,358 SF

20-24 Franklin, Newport, RI 02840-3013 $434,000 Nov 2021 4,123 SF

43 Franklin, Newport, RI 02840-5603 $156,250 May 2021 3,527 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

Value Estimation
$1,200,000

3,876 SF

2 Pond Ave

OFFICE/RESIDENTIAL (MIXED USE)

2 Pond Ave, Newport, RI 02840-9102

View Details
Value Estimation
$475,000

3,573 SF

267 Spg St

OFFICE/RESIDENTIAL (MIXED USE)

267 Spg St, Newport, RI 02840-6814

View Details
Value Estimation
$560,000

3,559 SF

7 Broadway

OFFICE/RESIDENTIAL (MIXED USE)

7 Broadway, Newport, RI 02840-2936

View Details
Value Estimation
$490,000

3,558 SF

32-34 Broadway

OFFICE/RESIDENTIAL (MIXED USE)

32-34 Broadway, Newport, RI 02840

View Details
Value Estimation
$580,000

3,455 SF

662-664 Thames St, Unit 664

OFFICE/RESIDENTIAL (MIXED USE)

662-664 Thames St, Newport, RI 02840-6740

View Details
Value Estimation
$715,000

3,366 SF

523-525 Thames St, Unit 525

OFFICE/RESIDENTIAL (MIXED USE)

523-525 Thames St, Newport, RI 02840-6717

View Details

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342 Broadway Newport, RI 02840

Property summary