$2,195,000 2,696 SF

424 Thames St, Newport, RI 02840
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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$716k

Assessed land$384k

Assessed improvement$332k

Value estimate

· Nov 2026

$1.48M

$1.33M – $1.63M

AI approach$1.48M

Submarket $/SF estimate$1.12M

NOI build-up

Gross scheduled income$125k

Vacancy & credit loss−$9k

Operating expenses−$52k

NOI · 2.91% cap applied$64k

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?

2.91%

$64k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

-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 Resid...

General categoryCOMMERCIAL

JurisdictionNEWPORT

Location intelligence

Which uses thrive at this corner?

Best fit: Auto Repair Shop

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

Demand index

Auto Repair Shop11.0

Auto Parts Store10.1

Carpet & Flooring Store9.1

424 Thames St Newport, RI 02840

County assessor Recorded deeds · 5 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

41 Memorial, Newport, RI 02840-3637 $1,500,000 Nov 2023 2,376 SF

596 Thames, Newport, RI 02840-6708 $1,026,000 Nov 2022 2,417 SF

515 Thames, Newport, RI 02840-6717 $1,585,000 Aug 2022 2,728 SF

472 Thames, Newport, RI 02840-6728 $1,050,000 Mar 2022 2,860 SF

21-25 Spg, Newport, RI 02840-2927 $850,000 Sep 2021 2,890 SF

246 Thames, Newport, RI 02840-6613 $1,200,000 Mar 2021 2,906 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
$365,000

2,771 SF

69 Garfield St

OFFICE/RESIDENTIAL (MIXED USE)

69 Garfield St, Newport, RI 02840-1345

View Details
Value Estimation
$830,000

2,445 SF

474 Thames St

OFFICE/RESIDENTIAL (MIXED USE)

474 Thames St, Newport, RI 02840-6725

View Details
Value Estimation
$365,000

2,403 SF

604 Thames St

OFFICE/RESIDENTIAL (MIXED USE)

604 Thames St, Newport, RI 02840-6702

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
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
$375,000

2,051 SF

392 Broadway

OFFICE/RESIDENTIAL (MIXED USE)

392 Broadway, Newport, RI 02840-1733

View Details