New search
Property profile & analytics
OFF-MARKET
Investment properties
89 Broad St, Cumberland, RI 02864-8371
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US76-0285462
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
FRAME
Total area
7,208 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C-1
APN
CUMB M:002 B:0103 L:000
UPID
US76-0285462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Newport Holdings Grp LLC · 6 yrs held
Newport Holdings Grp LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-1 · Cumberland, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,008
Tax year 2024
Assessed value
$335,400
Assessed 2024
Previous assessed
$335,400
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$80,500
Assessed improvement
$254,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
GAS
Buildings
1
Stories
3
Units
6
Bathrooms
4
Total area
7,208 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C-1
APN
CUMB M:002 B:0103 L:000
UPID
US76-0285462
Jurisdiction
CUMBERLAND
Zoning & alternative use
C-1 · Cumberland, RI
Zoning C-1 · permitted uses
C-1 · Cumberland, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumberland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
GAS
Stories
3
Buildings
1
Units
6
Bathrooms
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Newport Holdings Grp LLC
Entity
Mailing address
840 SMITHFIELD AVE, LINCOLN, RI 02865-3344
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Newport Holdings Group
—
Deed
related
$500,000 · Banknewport
Aug 27, 2019
$290,400
Newport Holdings Grp LLC
Ronnie Ramos
Warranty Deed
$217,800 · Eastern Bank
Dec 17, 2018
$6,136
Ronnie Ramos
Power Realty Rigp
Warranty Deed
—
Oct 12, 2017
$4,537
Ronnie C Ramos
R Quinn Corp
Redemption Deed
—
Sep 5, 2012
—
Ronnie Ramos
—
Deed Of Trust
related
$33,000 · Evergreen Investments LLC
May 24, 2010
$335,000
Ronnie Ramos
Herndon Prop LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
$145,000 · Evergreen Investments LLC
Nov 23, 2004
—
David Herndon
—
Deed Of Trust
related
$260,000 · Robert J Dean SR
Sep 3, 2002
$190,000
David Herdon
1413 Plainfld St Corp
Grant Deed
$142,500 · Peoples Mortgage Corp
Jul 13, 2000
—
1413 Plainfield St. Cop
—
Deed Of Trust
related
$107,625 · Equity One INC
Nov 10, 1989
$208,000
Rrem Corp
Simco Real Estate
Grant Deed
$164,000 · Fleet National Bank
Feb 13, 1989
$190,000
Simco Real Estate INC
Klein,jason M
Grant Deed
$152,000 · Marquette Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 89 Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
