Realmo Analytics

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Financial
Distress signals
Property profile

424 Thames St Newport, RI 02840

FOR SALE
Investment properties
Property ID
US76-0027699
2,696 SF 0.03 ac lot Built 1835
Last sale Jun 2022 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years.
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Market Trends Soon

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

· Oct 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 7 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 comparables7

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?
LB
-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

Location

424 Thames St Newport, RI 02840
County assessor Recorded deeds · 5 transfers 7 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
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
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
6 properties of the same type nearby
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Ask anything about this address in plain English.
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