Technical
Financial
Distress signals
Property profile

429-431 Thames St 431 Newport, RI 02840

OFF-MARKET
Investment properties
Property ID
US76-0095473
5,746 SF 0.07 ac lot Built 1900
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 5,746 SF
Lot 0.07 ac (2,910 SF)
Zoning code WB
APN NEWP M:032 B:0021 L:4
UPID US76-0095473

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

429-431 Thames St, Unit 431 Newport, RI 02840-6722
Newport metro Census 41000 PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$895k
Comparable Approach Comparable
$935k
Blend (final) Blend
$1.04M

Owner & transaction history

since 2020
5 recorded transactions
2020
$2.1M
2017
$1.9M
2000
$574,000
1999
Price N/A
1999
$580,000

Zoning & alternative use

WB · Newport, RI
Zoning description

100.070. - Commercial storage and sale of fuel or bottled gas. The manufacture, processing, assembly or storage of goods and the commercial storage of fuel or bottled gas, when located in a waterfront business district (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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