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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Showrooms
353 Spg St Newport, RI 02840-6821
Entity Owned
5-yr Hold
Free & Clear
Property ID
US76-0097707
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1859
Construction
FRAME
Total area
3,566 SF
Lot
0.08 ac (3,520 SF)
Zoning code
R10
APN
NEWP M:032 B:0064
UPID
US76-0097707
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
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.53M
Owner & transaction history
Annandale Ri LLC · 5 yrs held
Annandale Ri LLC
since 2020
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
R10 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.44M (Dec 4 2020)
Last sale anchor
$1.44M
Dec 4 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
$428 / 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
$15,109
Tax year 2023
Assessed value
$1,015,400
Assessed 2023
Previous assessed
$1,015,400
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$249,400
Assessed improvement
$766,000
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
1859
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
7
Rooms
12
Bathrooms
9
Total area
3,566 SF
Lot
0.08 ac (3,520 SF)
Zoning code
R10
APN
NEWP M:032 B:0064
UPID
US76-0097707
Jurisdiction
NEWPORT
Zoning & alternative use
R10 · Newport, RI
Zoning R10 · permitted uses
R10 · 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
1859
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
7
Rooms
12
Bathrooms
9
Lot
0.08 ac
Current owner
From public records · entity-resolved
Annandale Ri LLC
Entity
Free & Clear · 5 yrs held
Mailing address
559 W ARLINGTON PL, CHICAGO, IL 60614-5916
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
$1,435,000
Annandale Ri LLC
Newport Lodging 2 LLC
Warranty Deed
—
Dec 28, 2018
—
Newport Lodging 2 LLC
Newport Lodging LLC
Quit Claim Deed
related
—
Dec 15, 2015
$1,050,000
Newport Lodging LLC
Spring Street Inn INC
Warranty Deed
$788,000 · Centreville Sb
Jan 30, 2014
$790,000
Spring St Inn LLC
Golder,lois P
Warranty Deed
$592,500 · Peoples Cu
May 5, 1995
$240,000
Patricia Golder
Moreling & Co
Grant Deed
$192,000 · Peoples Cu
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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