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Property profile & analytics

1025 Tiogue Ave Coventry, RI 02816

  • Showrooms
  • 2,576 SF
  • 0.55 lot acres
For Sale
Last Sale
Nov 05, 2021
Value Estimations
Cap Rate Potential
7.4%
Showrooms
Location Intelligence
Property ID
US76-0089079
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Century 21 Guardian / Real Estate Agency
  • Rich Lutz @ CENTURY21 Access America / Real Estate Agent
  • Coventry Learning Center / Tutoring Service

Property Details for 1025 Tiogue Ave

Year built
1968
Construction
FRAME
Lot size
0.55 lot acres
Property size
2,576 SF
Zone code
2000
Property type
Showrooms
APN
COVE M:28 L:8
APU
COVEM28L8

Description

This exceptional commercial property, located at 1025 Tiogue Avenue in Coventry, Rhode Island, presents a unique investment opportunity. The property boasts two free-standing buildings totaling over 2,640 square feet, situated on a highly visible two-acre lot along Route 3. The buildings share a joint access point and offer significant flexibility for a variety of commercial uses. Currently configured as two to three rental units, the property is zoned commercial, allowing for diverse business ventures. One building features a finished lower level, adding to its versatility. Extensive paved parking is available in front of the buildings, with additional parking located at the rear, ensuring ample space for customers and employees. The exterior is finished with durable vinyl siding. The property's prime location and substantial size make it ideal for a range of businesses, from professional offices and salons to retail establishments such as gift shops. The potential to operate a business in one building while generating rental income from the other presents a compelling investment strategy. The seller may consider leasing options. This property offers a rare combination of visibility, space, and versatility, making it an attractive proposition for discerning investors and entrepreneurs. The asking price is $574,900.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $430,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $605,000
    6.5%
    $560,000
    7%
    $520,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $661,000
    Market price range: $294k - $983k
    AI Estimate
    $548,000
    Market price range: $210k - $697k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Coventry
County
Kent
State
Rhode Island
Longitude
-71.5776
Latitude
41.6798
CBSA code
39300
CBSA name
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,197
$246,000
$212,100
$458,100
-
$0.00
$0.00
$0.00
More about this property
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