Storefront Property with Established
For Sale
$300,000
912 Tiogue Ave, Coventry, RI 02816
Established custom signage and apparel operation with equipment, inventory, active accounts, and transition training included.
Property Size1,738 SF
Price / SF$172.61
Days on Market45
Property Features for 912 Tiogue Ave
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Business Opportunity
Building Details
Year Built
1948
Listing Agency:
HERE Realty
Listed By:
List with Lyon Team
(401) 649-2358
Source:
Alpernandmesenbourg
Added: Aug 22
Changed: Sep 14
Last Checked: Oct 4 at 12:40PM
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 HERE Realty
Investment Insights
Based on property information with market context.
This storefront property is associated with an established custom sign and apparel business operating for over four decades. The business offering includes equipment, inventory, the business name, active accounts, and training for the transition. The building is available separately under MLS #1418422.
The property is located at 912 Tiogue Ave in Coventry, Rhode Island. Built in 1948, the 1,738-square-foot site combines an existing commercial building with an operating business opportunity, subject to the separately offered building arrangement.
The property is located at 912 Tiogue Ave in Coventry, Rhode Island. Built in 1948, the 1,738-square-foot site combines an existing commercial building with an operating business opportunity, subject to the separately offered building arrangement.
Key Highlights
- Established custom sign and apparel business operating for over four decades
- Equipment and inventory included with the business offering
- Business name and active accounts included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,467
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,340
$449.3K
Cap Rate 7%
$320,957
$321.0K
Cap Rate 9%
$249,633
$249.6K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$33.0K $18.96/SF
− Vacancy
−$857 −$0.49/SF
EGI
$32.1K $18.47/SF
− OpEx
−$9.6K −$5.54/SF
NOI
$22.5K $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%
$449,340
Cap Rate 7%
$320,957
Cap Rate 9%
$249,633
Alternative Uses
Best Use
Retail
$321.0K
$280.8K – $374.5K
NOI $22,467 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.3K
$380.9K – $507.9K
NOI $30,471 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
151k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 32%
Groceries 20%
Stop & Shop
Groceries
30,530 visits/mo
0.2 miles
McDonald's
Dining
19,019 visits/mo
0.5 miles
Taco Bell
Dining
16,179 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
15,752 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,175 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Stop & Shop Florist — 900 Tiogue Ave, Coventry, RI 02816
- JIF ~ Jack Iannotti Flowers — 1117 Main St, Coventry, RI 02816
Frequently Asked Questions
What type of property is this?
Storefront property - Established custom signage and apparel operation with equipment, inventory, active accounts, and transition training included.
Where is this storefront property located?
The property is located at 912 Tiogue Ave Coventry, RI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Established custom sign and apparel business operating for over four decades; Equipment and inventory included with the business offering; Business name and active accounts included
