780 Tiogue Avenue, Coventry, RI 02816

Building Details

Year Built 1959 More

Stories 2 More

Listing Agency: William Raveis Inspire Show Phone

Listed By: Brett Bessette · License RI RES.0047165 Show Phone

Source: Lockandkeyre

Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 7:08AM

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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 William Raveis Inspire

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Investment Insights

Based on property information with market context.

This 780-square-foot retail space at 780 Tiogue Avenue has an open first-floor area and additional rooms upstairs. The upper level includes two spacious rooms, a full eat-in kitchen, and a full bathroom, providing a distinct two-level configuration for retail or office use.

The property is on Tiogue Avenue in Coventry, Rhode Island. Built in 1959, it combines an open commercial area with private rooms and residential-style amenities on the second floor.

Key Highlights

• 780 square feet of retail space
• Open area on the first floor with additional rooms upstairs
• Second floor includes two spacious rooms, an eat‑in kitchen, and a full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,083

Suggested Prices Based on Cap Rates

Cap Rate 5%

$201,660 $201.7K

Cap Rate 7%

$144,043 $144.0K

Cap Rate 9%

$112,033 $112.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 780 SF

Gross rent

$14.8K $18.96/SF

− Vacancy

−$385 −$0.49/SF

EGI

$14.4K $18.47/SF

− OpEx

−$4.3K −$5.54/SF

NOI

$10.1K $12.93/SF

Area

Kent County, RI

Vacancy

2.60%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$201,660

Cap Rate 7%

$144,043

Cap Rate 9%

$112,033

Alternative Uses

Best Use

Retail

$144.0K

$126.0K – $168.1K (±1% cap)

NOI $10,083 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$195.4K

$170.9K – $227.9K (±1% cap)

NOI $13,675 @ 7.0% cap

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

Nationwide Insurance: Blaeser ... Insurance Agency Fire Sign Style Clothing & Fashion Store Moonstone Beauty Hair Salon Beautifully Balanced Skin ... Hair Salon

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Big Box & Wholesale Store Restaurant Dental Office

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

413

Businesses Nearby

162k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Dining 30% Groceries 19%

Stop & Shop Groceries

30,530 visits/mo 0.5 miles

Taco Bell Dining

16,179 visits/mo 0.1 miles

Cumberland Farms Shops & Services

15,752 visits/mo 0.1 miles

Dollar Tree Shops & Services

13,963 visits/mo 0.0 miles

Dunkin' Donuts Dining

13,175 visits/mo 0.1 miles

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 Retail space in Kent County, RI

$171 Jul

$216 Aug

$203 Sep

$208 Oct

Properties on Market for Retail space in Kent County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An open ground-floor layout is complemented by private rooms, an eat-in kitchen, and a full bathroom above.

Where is this retail space located?

The property is located at 780 Tiogue Avenue Coventry, RI.

What are key features of this property?

This property features: 780 square feet of retail space; Open area on the first floor with additional rooms upstairs; Second floor includes two spacious rooms, an eat‑in kitchen, and a full bathroom