Property profile

60-62 Spg St 62 Newport, RI 02840

OFF-MARKET
Investment properties
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Property ID
US76-0214548
1,532 SF 0.02 ac Built 1978
Last sale Dec 2019
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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$375k
Assessed land$179k
Assessed improvement$196k

Value estimate

· Nov 2026
$285k
$257k – $314k
AI approach$285k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB
R-40A Residential R-60 District R-60 Residential R-120 District R-120 Residential R-160 District R-160 B. Commercial Districts Code Limit...
General categoryCOMMERCIAL
JurisdictionNEWPORT

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.6
Daycare Center9.4
Storage Facility9.2

Location

60-62 Spg St, Unit 62 Newport, RI 02840-6803
County assessor Recorded deeds · 1 transfer 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
424 Thames, Newport, RI 02840-6757 $1,500,000 Jun 2022 2,696 SF
464-466 Thames, Newport, RI 02840-6728 $970,000 Dec 2021 2,178 SF
71 Touro, Newport, RI 02840-2933 $1,100,000 Jul 2021 1,899 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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