Technical
Financial
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Property profile

55 Memorial Blvd Newport, RI 02840

OFF-MARKET
Office Spaces
Property ID
US76-0277303
1 SF
Entity Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional executive office suite, located at 55 Memorial Boulevard in Newport County, offers a rare opportunity for a single-tenant occupancy. The space encompasses a total of one square foot, perfectly suited for a sole practitioner or individual seeking a secure and convenient workspace outside of a home environment. The property is zoned GB and boasts on-site parking, a highly desirable feature in Newport's competitive market. All utilities are included in the lease, excluding phone and internet services, simplifying budgeting and administration. The single-tenant occupancy ensures privacy and control over the workspace. This is an ideal solution for professionals seeking a professional, efficient, and easily accessible office location. The address, 55 Memorial Boulevard, provides excellent visibility and accessibility. The compact size of the office is perfect for those who need a small, dedicated workspace. The inclusion of all utilities (excluding phone and internet) makes budgeting straightforward and predictable. The on-site parking is a significant advantage, eliminating the challenges of finding parking in a busy urban area. This unique opportunity is perfect for those seeking a private and efficient office solution in a prime Newport location. Inquire today to learn more about current availability and lease terms.

Property profile

Verified
Property type Office Spaces
Total area 1 SF
UPID US76-0277303

Cap rate & NOI

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

Location

55 Memorial Blvd Newport, RI 02840
Newport metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
5 recorded transactions
2024
$465,000
2024
Price N/A
2023
$260,000
2022
$440,000
2019
$245,000

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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