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Property profile & analytics
OFF-MARKET
Estimated value
$3,570,000
Investment properties
372 Thames St 380 Newport, RI 02840-6625
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0120685
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1902
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,132 SF
Lot
0.09 ac (4,134 SF)
Zoning code
LB
APN
NEWP M:027 B:0160
UPID
US76-0120685
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
$3.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$3.57M
Owner & transaction history
Goldie Wilson LLC · 1 yrs held
Goldie Wilson LLC
since 2025
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
LB · Newport, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-20 Residential R-40 District R-40 Residential R-40A District R-40A Residential R-60 District R-60 Residential R-120 District R-120 Residential R-160 District R-160 B. Commercial Districts Code Limited Business District LB Waterfront Business District WB General Business District GB Commercial-Industrial District CI Traditional Maritime District TM C. Other…
Zone name
Limited Business
General category
COMMERCIAL
Zone area
19.81 ac
Source
code of ordinances
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
$3,570,000
ML approach
$3,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.57M
Range $3.21M – $3.93M · ±10% · vs last sale $3.80M (Jan 17 2025)
Last sale anchor
$3.80M
Jan 17 2025
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
$294 / 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
$2,072,600
Assessed 2023
Previous assessed
$2,072,600
+0.0% YoY
Assessed land
$460,500
Assessed improvement
$1,612,100
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
1902
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
6
Total area
12,132 SF
Lot
0.09 ac (4,134 SF)
Zoning code
LB
APN
NEWP M:027 B:0160
UPID
US76-0120685
Jurisdiction
NEWPORT
Zoning & alternative use
LB · Newport, RIZoning LB · permitted uses
LB · Newport, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-20 Residential R-40 District R-40 Residential R-40A District R-40A Residential R-60 District R-60 Residential R-120 District R-120 Residential R-160 District R-160 B. Commercial Districts Code Limited Business District LB Waterfront Business District WB General Business District GB Commercial-Industrial District CI Traditional Maritime District TM C. Other Districts Code Open Space District OS Recreational District RD Innovation Hub Subd
Zone name
Limited Business
General category
COMMERCIAL
Zone area
19.81 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1902
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
6
Lot
0.09 ac
Current owner
From public records · entity-resolved
Goldie Wilson LLC
Entity
Mailing address
39 BRIGHTON AVE, BOSTON, MA 02134-2301
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
$3,800,000
Goldie Wilson LLC
Thames St Vent LLC
Warranty Deed
$3,250,000 · Leader Bank NA
Jul 2, 2015
$3,425,000
Thames St Ventures LLC
Thames RT LLC
Warranty Deed
—
Oct 4, 2012
$1
Thames RT LLC
Bashour,richard
Grant Deed
related
—
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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