Storefront With On-Site
For Sale
$300,000
912 Tiogue Avenue, Coventry, RI 02816
Established storefront building with dedicated on-site parking and a practical retail configuration.
Property Size1,738 SF
Price / SF$172.61
Days on Market10
Property Features for 912 Tiogue Avenue
General Information
Standard status
Active
Size
1,738 SF
Property subtype
Business Opportunities
Amenities
21 Parking Spaces.
Building Details
Year Built
1948
Listing Agency:
HERE Realty
(401) 829-1533
Listed By:
List with Lyon Team
(401) 829-1533
Source:
Xome
Added: Aug 2
Changed: Aug 10
Last Checked: Aug 11 at 4:53AM
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 includes 1,738 square feet of commercial space and was constructed in 1948. The building is offered as a standalone real estate asset, with 21 parking spaces supporting customer and staff access.
Located at 912 Tiogue Avenue in Coventry, Rhode Island, the property provides a defined retail setting along an established commercial corridor. Its storefront format and on-site parking create a functional base for a range of customer-facing commercial uses supported by the existing building configuration.
Located at 912 Tiogue Avenue in Coventry, Rhode Island, the property provides a defined retail setting along an established commercial corridor. Its storefront format and on-site parking create a functional base for a range of customer-facing commercial uses supported by the existing building configuration.
Key Highlights
- 1,738‑square‑foot storefront property
- 21 parking spaces
- Constructed in 1948
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
363
Businesses Nearby
126k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 31%
Groceries 24%
Home Improvements & Furnishings 11%
Stop & Shop
Groceries
30,530 visits/mo
0.3 miles
McDonald's
Dining
19,019 visits/mo
0.3 miles
Ocean State Job Lot
Shops & Services
18,310 visits/mo
0.4 miles
Burger King
Dining
13,677 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
13,594 visits/mo
0.5 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 storefront building with dedicated on-site parking and a practical retail configuration.
Where is this storefront property located?
The property is located at 912 Tiogue Avenue 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: 1,738‑square‑foot storefront property; 21 parking spaces; Constructed in 1948
