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

    1010 Tiogue Ave, Unit 10 Coventry, RI 02816

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Commercial condo with garage, kitchen, office, and mezzanine.

    Property Features for 1010 Tiogue Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Michael Russo
    Michael Russo
    Source: Exprealty

    Listing Agency: RI Real Estate Services Listing Agent: Michael Russo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Condo with Garage

    This commercial condo offers a versatile space suitable for various business needs. It features a full kitchen and a private bathroom. The property includes heating and cooling systems. A dedicated office or conference space is available for meetings. A notable feature is the 14x20 foot garage door bay, providing access to over 500 square feet of garage or storage space. The finished mezzanine offers additional storage or workspace. The upper level includes a shower stall and laundry hookups. Signage is available on Tiogue Avenue, offering excellent visibility. This property is ideal for landscapers, carpenters, plumbers, electricians, or any professional needing office space and storage. The walls can be removed to expand the storage area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chariho Oil Service, ... Gas Station JFW Construction LLC Construction Company Atlantic Trophy Textile Manufacturer Chariho Oil Services Big Box & Wholesale Store ZK Finishing School Training Center

    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
    -71.5770123
    Latitude
    41.6780075

    Nearby Similar for Lease

    • $21 SF/Yr
      1,000 SF

      Versatile Commercial Condo with Garage

      Commercial condo with garage, office, and storage space available.
      1010-1012 Tiogue Ave, Coventry, RI 02816
      View Details
    • $2,300 /Mo
      4,400 SF

      Coventry Retail Space Available

      2000 sq ft commercial space in fully occupied strip mall.
      1020 Tiogue Ave, Coventry, RI 02816
      View Details
    • $1,000 /Mo

      Updated Suites for Beauty, Wellness

      Recently updated suites for beauty and wellness businesses, various sizes.
      960 Tiogue Ave, Coventry, RI 02816
      View Details
    • New
      Contact for pricing
      1,375 SF

      Coventry Retail Space For Rent

      1,372 SF retail space off Route 95 in Coventry.
      670 Cne Blvd, Coventry, RI
      View Details
    • $15 SF/Yr

      Coventry Retail Leasing Opportunity

      Versatile retail space available for lease in Coventry, Rhode Island.
      87 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    • $10 SF/Yr
      142,802 SF

      Coventry Industrial Space Available

      RI Manufacturing/Flex Space for Lease
      1372 Main St, Coventry, RI 02816
      View Details
    • Contact for pricing
      4,000 SF

      Retail Pad Building For Rent

      Retail pad building with great access and strong parking.
      731-739 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    • $17 SF/Yr
      4,000 SF

      Coventry RI Industrial Warehouse

      4,000 SF Warehouse, 4 Bays, Excellent Location
      639 Main St, Coventry, RI 02816
      View Details
    • $13 SF/Yr
      11,250 SF

      282 Pulaski St

      Flex space • 11,250 SF
      282 Pulaski St, Coventry, RI 02816
      View Details
    • $15 SF/Yr
      25,000 SF

      Dollar Tree Plaza Retail Center

      Coventry, RI: Prime Retail Space Available
      760 Tiogue Ave, Coventry, RI 02816
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial condo with garage, kitchen, office, and mezzanine.
    Where is this flex space located?
    The property is located at 1010 Tiogue Ave, Unit 10 Coventry, RI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High visibility signage on Tiogue Avenue.; - 14x20 foot garage door bay providing access to over 500 square feet of garage/storage space.; - Dedicated office/conference space.
    (401) 885-5400
    Request Owner's contact information
    1010 Tiogue Ave, Unit 10 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.
    1010 Tiogue Ave, Unit 10
    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
    1010 Tiogue Ave, Unit 10 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
    Michael Russo
    Michael Russo
    Real Estate License ID: REB.0017244
    (401) 885-5400 (401) 465-0417
    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!