705 MEADOW ST
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Location
705 MEADOW ST
Mblu
0332/ 00003/ / /
Acct#
0332-00003
Owner
ARG NCD5PCK001 LLC
PBN
Assessment
$11,143,200
Appraisal
$11,143,200
PID
9551
Building Count
3
Current Value
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$7,399,000$2,986,700$100,000$657,500$11,143,200
Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$7,399,000$2,986,700$100,000$657,500$11,143,200

Owner of Record
OwnerARG NCD5PCK001 LLC
Co-Owner
Address38 WASHINGTON SQUARE
NEWPORT, RI 02840
Sale Price$15,110,096
Certificate
Book & Page 23794/0426
Sale Date03/31/2021
Instrument1V
QualifiedU

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
ARG NCD5PCK001 LLC$15,110,096 23794/04261V03/31/2021
E&R REALTY LLC$1,875,000116606/00471A04/05/2007
POLEP MORTIMER A &$0202 D/0000 12/25/1900

Building Information
Building 1 : Section 1
Year Built: 1932
Living Area: 101,849
Replacement Cost: $5,178,498
Building Percent Good: 86
Replacement Cost
Less Depreciation:

$4,453,500
Building Attributes
FieldDescription
Style:Warehouse
ModelIndustrial
GradeC
Stories:1
Occupancy1.00
Exterior Wall 1Brick Veneer
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Typical
Interior Wall 2 
Interior Floor 1Average
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseWarehouse C
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL/MN WL
Rooms/PrtnsAVERAGE
Wall Height20.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
BASFirst Floor 101,849 101,849
FCPCarport 250 0
FEPPorch, Enclosed, Finished 72 0
   102,171 101,849
Building 2 : Section 1
Year Built: 2008
Living Area: 12,669
Replacement Cost: $1,807,106
Building Percent Good: 84
Replacement Cost
Less Depreciation:

$1,518,000
Building Attributes : Bldg 2 of 3
FieldDescription
Style:Cold Storage
ModelIndustrial
Grade 
Stories:1
Occupancy1.00
Exterior Wall 1Metal Sandw
Exterior Wall 2 
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Typical
Interior Wall 2 
Interior Floor 1Average
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeCentral
Bldg UseWarehouse C
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeFIREPRF STEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL/MN WL
Rooms/PrtnsAVERAGE
Wall Height30.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
BASFirst Floor 12,669 12,669
   12,669 12,669
Building 3 : Section 1
Year Built: 2018
Living Area: 27,652
Replacement Cost: $4,325,725
Building Percent Good: 33
Replacement Cost
Less Depreciation:

$1,427,500
Building Attributes : Bldg 3 of 3
FieldDescription
Style:Cold Storage
ModelIndustrial
Grade 
Stories:1
Occupancy1.00
Exterior Wall 1Pre-cast Concr
Exterior Wall 2 
Roof StructureFlat
Roof CoverRubber
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr Abv Grad
Interior Floor 2 
Heating FuelCoal or Wood
Heating TypeNone
AC TypeCentral
Bldg UseWarehouse C
Total Rooms1
Total Bedrms0
Total Baths0
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeSTEEL
Baths/PlumbingNONE
Ceiling/WallSUSP-CEIL ONLY
Rooms/PrtnsLIGHT
Wall Height40.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
BASFirst Floor 27,652 27,652
CLPLoading Platform, Finished 12,480 0
   40,132 27,652

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
CLR2Freezer24369.00 S.F.$1,637,6002
OD4OHD Motor Op Steel12.00 S.F.$7003
CLR2Freezer27652.00 S.F.$584,0003
MEZ1Mezzanine Unfi1120.00 S.F.$13,2002
MEZ2Mezzanine Fin800.00 S.F.$15,1001
LD2Truck Well4565.00 S.F.$15,3002
LDL1Load Level-Power6.00 UNITS$15,5001
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD2OHD Rolling Steel80.00 S.F.$5,4002
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD2OHD Rolling Steel80.00 S.F.$5,4002
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD2OHD Rolling Steel88.00 S.F.$5,9002
LDL1Load Level-Power3.00 UNITS$7,6002
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD4OHD Motor Op Steel294.00 S.F.$37,9001
OD4OHD Motor Op Steel294.00 S.F.$37,9001
OD1OH Door Wd/Mtl120.00 S.F.$5,2001
OD1OH Door Wd/Mtl120.00 S.F.$5,2001
OD1OH Door Wd/Mtl120.00 S.F.$5,2001
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
OD1OH Door Wd/Mtl80.00 S.F.$3,4001
SPR1Sprinklers Wet83638.00 S.F.$125,9001
CLR1Cooler2500.00 S.F.$161,3001
CLR2Freezer4000.00 S.F.$275,2001

Parcel Information
Use Code3160
DescriptionWarehouse C  
Deeded Acres4.66

Land
Land Use
Use Code3160
DescriptionWarehouse C  
Neighborhood105
Land Line Valuation
Size (Acres)4.66
Assessed Value$657,500
Appraised Value$657,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1Paving Aspha  100000.00 S.F.$100,0001
Valuation History
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$6,881,600$3,044,600$100,000$657,500$10,683,700
2024$6,648,800$3,044,600$100,000$657,500$10,450,900

Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$6,881,600$3,044,600$100,000$657,500$10,683,700
2024$6,648,800$3,044,600$100,000$657,500$10,450,900

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