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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Showrooms
41 Pelham St Newport, RI 02840-3018
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US76-0413811
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1876
Construction
FRAME
Total area
4,137 SF
Lot
0.16 ac (6,800 SF)
Zoning code
GB
APN
NEWP M:027 B:0008
UPID
US76-0413811
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
$2.11M
Blend (final)
Blend
$1.56M
Owner & transaction history
R I Property Wire LLC · 2 yrs held
R I Property Wire LLC
since 2023
Last sale
$7,200
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $7k (Dec 29 2023)
Last sale anchor
$7k
Dec 29 2023
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
$376 / 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
$20,118
Tax year 2023
Assessed value
$1,352,000
Assessed 2023
Previous assessed
$1,352,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$406,100
Assessed improvement
$945,900
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
1876
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
7
Rooms
14
Bathrooms
4
Total area
4,137 SF
Lot
0.16 ac (6,800 SF)
Zoning code
GB
APN
NEWP M:027 B:0008
UPID
US76-0413811
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
1876
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
7
Rooms
14
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
R I Property Wire LLC
Entity
Mailing address
15 CORA ST, EAST PROVIDENCE, RI 02914-2603
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2024
—
Ri Property Wire LLC
—
Deed
related
$1,802,000 · Mechanics Cooperative Bank
Dec 29, 2023
—
R I Property Wire LLC
Mfra T2015-1
Foreclosure
related
$2,500,000 · Mechanics Cooperative Bank
Jul 15, 2005
$7,200
Ray L Meyerson
Macnaught,d Stuart
Grant Deed
$1,116,000 · Washington Mutual Bank
Jun 9, 2004
—
D Stuart Macnaught
—
Deed Of Trust
related
$1,000,000 · Wachovia Mortgage Co
Nov 4, 2002
—
D Stuart Macnaught
—
Deed Of Trust
related
$900,000 · Wachovia Mortgage Co
Apr 13, 2001
$794,500
D Stuart Macnaught
Savana,philip A
Grant Deed
$636,400 · First Union Mortgage
May 10, 1996
$180,000
Philip A Savana
Nagle,dennis F
Grant Deed
$135,000 · Centerbank Mortgage
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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