Flex Space with
For Sale
Contact for pricing
270 Blackrock Road #1, Coventry, RI 02816
Commercial space for small-business operations, storage, or personal vehicle work, subject to zoning limitations.
Property Size3,976 SF
Price / SF$0.38
Days on Market54
Property Features for 270 Blackrock Road #1
General Information
Standard status
Active
Size
3,976 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
RE/MAX Real Estate Center
(401) 823-7600
Listed By:
David Tatangelo · License #RES.0029833
(401) 465-0263
Source:
Lockandkeyre
Added: Aug 25
Changed: Oct 16
Last Checked: Oct 16 at 8:42AM
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 RE/MAX Real Estate Center
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,976-square-foot flex property at 270 Blackrock Road #1 provides adaptable commercial space for a small company, storage needs, or personal vehicle work. The building was constructed in 1950 and includes parking for occupants or users.
Zoning restrictions apply to automotive-related activities. Auto sales, auto repair, auto salvage, and auto storage are not permitted unless conducted as part of a specific business use. The property is located in Coventry, Rhode Island, and is offered for sale.
Zoning restrictions apply to automotive-related activities. Auto sales, auto repair, auto salvage, and auto storage are not permitted unless conducted as part of a specific business use. The property is located in Coventry, Rhode Island, and is offered for sale.
Key Highlights
- 3,976 SF flex space
- Built in 1950
- Parking available at the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,980
$370.0K
Cap Rate 7%
$264,271
$264.3K
Cap Rate 9%
$205,544
$205.5K
Market Conditions
NOI Build-Up for 3,976 SF
Gross rent
$27.7K $6.96/SF
− Vacancy
−$1.2K −$0.31/SF
EGI
$26.4K $6.65/SF
− OpEx
−$7.9K −$1.99/SF
NOI
$18.5K $4.65/SF
Area
Kent County, RI
Vacancy
4.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,980
Cap Rate 7%
$264,271
Cap Rate 9%
$205,544
Alternative Uses
Best Use
Flex RnD
$349.3K
$305.7K – $407.6K
NOI $24,454 @ 7.0% cap · market cap 1,630.27%
Second Best
Industrial
$264.3K
$231.2K – $308.3K
NOI $18,499 @ 7.0% cap · market cap 1,233.27%
Theoretical Best
Specialty Retail
$995.8K
$871.3K – $1.16M
NOI $69,707 @ 7.0% cap · market cap 4,647.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial space for small-business operations, storage, or personal vehicle work, subject to zoning limitations.
Where is this flex space located?
The property is located at 270 Blackrock Road #1 Coventry, RI.
What are key features of this property?
This property features: 3,976 SF flex space; Built in 1950; Parking available at the property
