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Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Commercial land
Spg St Newport, RI 02840
Entity Owned
Absentee Owner
Free & Clear
Property ID
US76-0247961
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.07 ac (2,958 SF)
Zoning code
GB
APN
NEWP M:024 B:0103
UPID
US76-0247961
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
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
FRANKLIN BAKERY ASSOC LLC
FRANKLIN BAKERY ASSOC LLC
Zoning & alternative use
GB · Newport, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-40A Residential R-60 District R-60 Residential R-120 District R-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…
Zone name
General Business
General category
COMMERCIAL
Zone area
126.91 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
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
$2,418
Tax year 2023
Assessed value
$162,500
Assessed 2023
Previous assessed
$162,500
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$158,000
Assessed improvement
$4,500
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
0.07 ac (2,958 SF)
Zoning code
GB
APN
NEWP M:024 B:0103
UPID
US76-0247961
Jurisdiction
NEWPORT
Zoning & alternative use
GB · Newport, RIZoning GB · permitted uses
GB · Newport, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-40A Residential R-60 District R-60 Residential R-120 District R-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. 200
Zone name
General Business
General category
COMMERCIAL
Zone area
126.91 ac
Source
code of ordinances
Building & site characteristics
From public records
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
FRANKLIN BAKERY ASSOC LLC
Entity
Free & Clear · 0 yrs held
Mailing address
40 MARY ST, NEWPORT, RI 02840-3041
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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