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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Investment properties
372 Broadway Newport, RI 02840-1777
Entity Owned
2-yr Hold
Free & Clear
Property ID
US76-0126149
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Construction
FRAME
Total area
6,103 SF
Lot
0.25 ac (10,781 SF)
Zoning code
R10
APN
NEWP M:007 B:0035
UPID
US76-0126149
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
$950k
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$915k
Owner & transaction history
Nri 372 Broadway Partners · 2 yrs held
Nri 372 Broadway Partners
since 2023
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%
$1,030,000
6.5%
$950,000
7%
$885,000
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
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
$150 / 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
Assessed value
$1,031,500
Assessed 2023
Previous assessed
$1,031,500
+0.0% YoY
Assessed land
$125,000
Assessed improvement
$906,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1870
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
8
Bathrooms
7
Total area
6,103 SF
Lot
0.25 ac (10,781 SF)
Zoning code
R10
APN
NEWP M:007 B:0035
UPID
US76-0126149
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
1870
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
8
Bathrooms
7
Lot
0.25 ac
Current owner
From public records · entity-resolved
Nri 372 Broadway Partners
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 3129TH NEWPORT
Ownership since
2023
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
Aug 28, 2023
—
Nri 372 Broadway Partners
John R Gullison
Warranty Deed
—
Jan 26, 2023
—
John R Gullison
Watkinson Firt
Warranty Deed
—
Jul 19, 2017
—
William A Watkinson
Watkinson,william A & Janet M
Quit Claim Deed
related
—
Jan 11, 2016
—
Michael J Valleta
Watkinson,william A & Janet M
Warranty Deed
—
Aug 17, 2006
—
Wiliam Watkinson
—
Deed Of Trust
related
$200,000 · Bank Of Newport
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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