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 Market8
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
(401) 649-2358
Listed By:
List with Lyon Team
Source:
Alpernandmesenbourg
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 10:40AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
