1025 Tiogue, Coventry, RI 02816

Building Details

Year Built 1968 More

Listing Agency: CENTURY 21 GUARDIAN REALTY Show Phone

Listed By: ELAINE ECCLESTON Show Phone

Source: Corcoran

Added: Sep 30, 2025 Changed: Aug 28 Last Checked: Aug 14 at 6:04AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 GUARDIAN REALTY

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This commercial property features two buildings totaling over 2,600 square feet, offering prime visibility and versatility. The layout is designed for flexibility, with the potential for up to 3 rental units. The property has separate electric service and city water. Sewers are available at the street. The exterior features low-maintenance vinyl siding, and ample paved parking is available in front for clients and staff, with additional parking behind the buildings. One building includes a finished lower level, suitable for storage. This property offers versatility for various business types, including professional offices, a salon, boutique, studio, or retail storefront. The property allows for business ownership in one space while generating income from the remaining space.

Key Highlights

• Two‑building commercial property totaling 2,600+ sq. ft.
• Potential for up to 3 rental units.
• Separate electric service.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,611

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$652,220 $652.2K

Cap Rate 7%

$465,871 $465.9K

Cap Rate 9%

$362,344 $362.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$58.0K $21.96/SF

− Vacancy

−$5.8K −$2.20/SF

EGI

$52.2K $19.76/SF

− OpEx

−$19.6K −$7.41/SF

NOI

$32.6K $12.35/SF

Area

Kent County, RI

Vacancy

10.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$652,220

Cap Rate 7%

$465,871

Cap Rate 9%

$362,344

Alternative Uses

Best Use

Mixed Use

$465.9K

$407.6K – $543.5K (±1% cap)

NOI $32,611 @ 7.0% cap · market cap 5.93%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$661.2K

$578.6K – $771.4K (±1% cap)

NOI $46,284 @ 7.0% cap · market cap 8.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Century 21 Guardian Real Estate Agency Rich Lutz @ CENTURY21 ... Real Estate Agency Coventry Learning Center Tutoring Service

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Building Supply Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

339

Businesses Nearby

Explore this area Business Placement

Demographics for 02816, RI

33,206

Population

14,505

Households

2.3

Avg Household Size

45

Median Age

32%

College-Educated

93%

High-School Grad

36.9 sq mi

ZIP Area

900

Density / Sq Mi

$97,941

Median Household Income

$51,773

Median Earnings

$1,168

Median Rent

$317,400

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Kent County, RI

$144 Jul

$158 Aug

$177 Sep

$170 Oct

Properties on Market for Mixed-use properties in Kent County

Jul

Aug

Sep

Oct

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Riverfront Mixed-Use Property

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Four-Unit Residential Income Property

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Freestanding Fenced Storefront Property

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6-Unit Apartment Building

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Flex Space with Garage Bay

1010 Tiogue Avenue #10, Coventry, RI 02816

Contact for pricing

2,018 SF

View details

Flex Space with Parking

270 Blackrock Road #1, Coventry, RI 02816

Contact for pricing

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View details

First-Floor Retail/Office Space

1049 Tiogue Avenue Unit F, Coventry, RI 02816

Contact for pricing

1,430 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-building commercial property with rental potential and ample parking.

Where is this mixed-use property located?

The property is located at 1025 Tiogue Coventry, RI.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: Two‑building commercial property totaling 2,600+ sq. ft.; Potential for up to 3 rental units.; Separate electric service.