Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2300 Nooseneck Hill Rd Coventry, RI 02816

    View on Map
    Sponsored
    For Sale
    $1,350,000

    COMMERCIAL - Coventry, RI

    Type:Office
    Property size:
    13,712 SF
    Lot size:
    1.10 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 29 at 6:06 am

    Property Features for 2300 Nooseneck Hill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Mixed
    Parking
    20
    Interior features
    Ceiling Height (9 to 12 Ft)
    Size
    13,712 SF
    Lot size
    1.10 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Heat Pump

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    1
    Building materials
    Masonry

    We can help!

    Listing Contact
    Sandy Bliven

    Re/Max South County

    Listing agent Sandy Bliven

    Listing date Mar 28, 2026

    MLS# 1405451

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hardware Store with Apartment, Warehouse

    This commercial property in Coventry, Rhode Island, features a hardware store, an apartment, and a warehouse. The property includes two buildings totaling 13,712 square feet, situated on a 1.1-acre lot with 475 feet of frontage and 20 parking spaces. The main building houses a storefront business and an apartment, while the adjacent 2,500 square foot warehouse provides additional storage or operational space. The property benefits from city water, central air conditioning, and gas-powered hot air heating. The building is constructed of masonry and features ceiling heights between 9 and 12 feet. Electrical service includes 100 amps and 220 volts. A site plan is available. The property offers easy access to the highway, interstate, and shopping areas. The studio apartment provides a separate income stream. The sale includes the existing inventory, with some exclusions based on True Value licensing laws. A recent appraisal has been completed for the real estate. The location benefits from high visibility and traffic, with approximately 18,000 cars passing daily. Additional features include a water filtration system, a 1971 DEM septic system, and gas piping in the street. Building #2, which houses the storefront and a 1-bedroom apartment, currently leases for $1500 per month. The property has been owned since 1985.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UPS Authorized Shipping ... Courier Service S & T True ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.601326
    Latitude
    41.663962

    Nearby Similar for Sale

    • $350,000
      5,000 SF

      Coventry Restaurant Opportunity For Sale

      Recently renovated restaurant with high visibility and growth potential.
      1650 Nooseneck Hill Rd, Coventry, RI 02816
      View Details
    • Contact for pricing
      1.08 Acres

      Coventry Commercial Suites for Sale

      Commercial suites for sale, ideal for various business types.
      960 Tiogue Ave, Coventry, RI 02816
      View Details
    • Contact for pricing
      1,000 SF

      Coventry Commercial Condo with Garage

      Heated commercial condo with garage/storage and high visibility.
      1012 Tiogue Ave, Coventry, RI 02816
      View Details
    • $900,000
      0.18 Acres

      Coventry Multifamily Investment Opportunity

      Well-maintained 6-unit residential property in a convenient location.
      505 Washington St, Coventry, RI 02816
      View Details
    • $650,000
      0.11 Acres

      Riverfront Restaurant with Income Apartments

      Renovated restaurant/bar with two apartments in high-traffic location.
      1152 Main St, Coventry, RI 02816
      View Details
    • New
      Contact for pricing
      Pending

      Coventry Commercial Space For Lease

      1,430 sq ft commercial space on busy Tiogue Avenue.
      1049 Tiogue Ave, Coventry, RI 02816
      View Details
    • $800,000
      0.23 Acres

      Coventry RI Investment Opportunity

      Well-maintained 5-unit residential property in a convenient location.
      513 Washington St, Coventry, RI 02816
      View Details
    • $800,000
      0.23 Acres

      Coventry, RI Investment Opportunity

      Well-maintained 5-unit residential property in a convenient location.
      513 Washington St, Coventry, RI 02816
      View Details
    • $1,450,000
      2.50 Acres

      Mixed-Use Commercial Property Available

      18,500 sq ft mixed-use property with vacant suites.
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • $479,900
      Pending

      Coventry Two-Family Home For Sale

      Two-family home in residential neighborhood, ideal for owner-occupant or investor.
      22 Harris St, Coventry, RI 02816
      View Details
    • $900,000
      0.18 Acres

      Coventry RI Investment Opportunity

      Well-maintained 6-unit residential property in a convenient location.
      505 Washington St, Coventry, RI 02816
      View Details
    • Contact for pricing
      4.90 Acres

      Coventry Commercial Property For Sale

      High-traffic location suitable for office, retail, or professional use.
      2435 Nooseneck Hill Rd, Coventry, RI 02816
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property with storefront, apartment, and warehouse in Coventry.
    Where is this storefront property located?
    The property is located at 2300 Nooseneck Hill Rd Coventry, RI.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Established hardware store business with real estate included, inventory negotiable.; - **Two buildings totaling 13,712 SF** with storefront, apartment (currently leased for $1500/month), and warehouse.; - **High visibility location with 18,000 cars per day** and easy access to highway, interstate, and shopping.
    (401) 596-2067
    Request Owner's contact information
    2300 Nooseneck Hill Rd Coventry, RI 02816
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 Nooseneck Hill Rd
    Coventry, RI 02816
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2300 Nooseneck Hill Rd Coventry, RI 02816
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sandy Bliven
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!