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Property profile & analytics
OFF-MARKET
Estimated value
$340,000
Commercial land
Long Wharf Newport, RI 02840
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US76-0246005
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.19 ac (8,242 SF)
Zoning code
TM
APN
NEWP M:016 B:0139
UPID
US76-0246005
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
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$340k
Owner & transaction history
Mortgage Acq Assoc · 9 yrs held
Mortgage Acq Assoc
since 2017
5 recorded transactions
Zoning & alternative use
TM · Newport, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
120 Residential R-160 District R-160 B. Commercial Districts Code Limited Business District LB Waterfront Business District WB General Business District GB Commercial-Industrial District CI Traditional Maritime District TM C. Other Districts Code Open Space District OS Recreational District RD Innovation Hub Subdistricts IH Urban Village UV Maker MK Maker-Te…
Zone name
Traditional Maritime
General category
UNKNOWN
Zone area
13.79 ac
Source
code of ordinances
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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
Method
Estimation
Statistic approach
by Request
ML approach
$340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$340k
Range $306k – $374k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,373
Tax year 2023
Assessed value
$629,900
Assessed 2023
Previous assessed
$629,900
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$615,700
Assessed improvement
$14,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.19 ac (8,242 SF)
Zoning code
TM
APN
NEWP M:016 B:0139
UPID
US76-0246005
Jurisdiction
NEWPORT
Zoning & alternative use
TM · Newport, RIZoning TM · permitted uses
TM · Newport, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
120 Residential R-160 District R-160 B. Commercial Districts Code Limited Business District LB Waterfront Business District WB General Business District GB Commercial-Industrial District CI Traditional Maritime District TM C. Other Districts Code Open Space District OS Recreational District RD Innovation Hub Subdistricts IH Urban Village UV Maker MK Maker-Tech MT (Ord. 2000-4 (part), 2000: Ord. 65-94 (part), 1994: prior code § 1260.05) (O
Zone name
Traditional Maritime
General category
UNKNOWN
Zone area
13.79 ac
Source
code of ordinances
Building & site characteristics
From public records
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mortgage Acq Assoc
Individual
Mailing address
55 RUGGLES AVE, NEWPORT, RI 02840-4228
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2018
—
Mortgage Acq Assoc
—
Deed
related
$500,000 · Bank Rhode Island
Feb 2, 2017
$6,370,000
Mortgage Acq Assoc
Cic Newport Assoc
Warranty Deed
$4,140,000 · Bank Rhode Island
Mar 21, 2014
—
Eastern Resorts Co LLC
Ornell,craig T
Warranty Deed
—
Nov 21, 2012
$1
Adrienne M Blalock
Eastern Resorts Co LLC
Warranty Deed
—
Jan 7, 1999
$1,000,000
Eastern Resorts Co
Newport Rlty INC
Grant Deed
—
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.
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