Add Listing
    For Lease
    • 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

    495 Tiogue Coventry, RI 2816

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5 SF/Yr

    Commercial land available for lease, ideal for drive-thru business.

    Type:Commercial
    Lot size:
    1.50 Acres
    Added:
    Oct 14, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 1 at 9:02 pm

    Property Features for 495 Tiogue

    General Information

    Standard status
    Active
    Lot size
    1.50 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    KYLE SEYBOTH

    Listing agent KYLE SEYBOTH License #REB.0794296

    Listing office CENTURY 21 LIMITLESS

    Listing date Oct 14, 2025

    Source Corcoran

    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 LIMITLESS

    Overview

    Commercial Land For Lease

    Commercial land is available for lease at $5 per square foot, offered under a triple net ground lease. The site provides up to 1.5 acres of space, suitable for various commercial applications. The location is particularly well-suited for a drive-thru business, benefiting from high visibility and traffic. Parking configurations will need to be designed by an architect or engineer to meet specific business requirements. This property offers flexible usage options and is positioned in a high-traffic area, making it suitable for both new and established businesses. The property is located at 495 Tiogue, Coventry, RI 02816.
    Location Intelligence

    Current Use by Public Records

    Northern Thrift Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5501374
    Latitude
    41.6862077

    Nearby Similar for Lease

    • $15/mo

      Coventry Retail/Office/Warehouse Space Available

      8,836 SF versatile space for lease in Coventry, RI.
      87 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    • Contact for pricing

      Coventry Commercial Garage Space Available

      Flexible commercial garage space for rent in a convenient location.
      113 Tiogue #G, Coventry, RI 02816
      View Details
    • Contact for pricing

      Coventry Retail Space Available

      2000 sq ft commercial space in fully occupied strip mall.
      1020 1050 Tiogue Avenue, Coventry, RI
      View Details
    • Contact for pricing

      Commercial Space on Tiogue Avenue

      1,430 sq ft commercial space for lease.
      1049 Tiogue #F, Coventry, RI 02816
      View Details
    • $21/mo

      Versatile Commercial Condo with Garage

      Commercial condo with garage, office, and storage space available.
      1010-1012 Tiogue Ave, Coventry, RI
      View Details
    • Contact for pricing

      Beauty and Wellness Suites

      Suites available for rent, suitable for various business types.
      960 Tiogue, Coventry, RI 02816
      View Details
    • Contact for pricing

      Versatile Commercial Units Available

      Clean, adaptable space for light industrial, storage, or small business.
      9 Gay, Coventry, RI 02816
      View Details
    • $9/mo

      Coventry Office Space For Lease

      5000 SF office space available for lease in Coventry.
      1193 Tiogue #Suite 1, Coventry, RI 02816
      View Details
    • $21/mo

      Heated Commercial Condo with Garage

      Versatile commercial condo with garage access and high visibility.
      1012 Tiogue #25, Coventry, RI 02816
      View Details
    • $15/mo

      Coventry Retail/Office Leasing Opportunity

      Versatile commercial space in Coventry, customizable for various business needs.
      87 Centre of New England, Coventry, RI 02816
      View Details
    • $5/mo

      Commercial Land For Lease

      Commercial land available for lease, ideal for drive-thru business.
      495 Tiogue Ave, Coventry, RI, 02816-5568
      View Details
    • $14/mo

      High-Traffic Location Office/Retail Space

      Office/Retail space in high-traffic location near I-95.
      2435 Nooseneck Hill #A-5, Coventry, RI 02816
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for lease, ideal for drive-thru business.
    Where is this commercial land located?
    The property is located at 495 Tiogue Coventry, RI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Prime location with high visibility and traffic flow, ideal for attracting customers.; Flexible usage options suitable for various business types, including drive‑thru.; Up to 1.5 acres of commercial land available, providing ample space for development.
    (508) 567-3468
    We can help!
    Listing Contact
    KYLE SEYBOTH
    Real Estate License ID: REB.0794296
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!