Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    113 Tiogue Ave Coventry, RI 02816-5279

    • Investment properties
    • 13,548 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $1,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0066757
    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

    • Northeast Family Martial Arts / Training Center / Sports School
    • Jimmy's Junk - Second Hand Store & More / Discount Store / Waste Management Facility
    • All Phase Heating and Air Conditioning llc / HVAC Service / General Contractor
    • Rt. 3 Custom / Shopping Center & Mall
    • The Collective Tattoo Gallery / Tattoo & Piercing Shop

    Property Details for 113 Tiogue Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    13,548 SF
    Zone code
    2000
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    COVE M:32 L:76
    APU
    COVEM32L76

    Description

    This exceptional 960-square-foot commercial space, located at 113 Tiogue Avenue on the Coventry/West Warwick line, is available for lease starting July 1st. Currently configured as a thriving fitness/yoga studio, this single-tenant property offers a versatile layout ideal for a variety of businesses. The space boasts a main studio area with a durable rubberized floor, perfect for fitness activities or similar uses. In addition to the main studio, the property includes a small office, ample storage space, and an extra room, providing flexibility for various operational needs. The building features a total of 10 parking spaces, ensuring convenient access for clients and staff. Its highly visible location on Tiogue Avenue guarantees high traffic counts, providing excellent exposure for your business. The property is categorized as Retail, Special Purpose, Land, Office, Restaurant, and Industrial, reflecting its adaptability to a range of commercial uses. This is a unique opportunity to establish or relocate your business in a prime location with excellent visibility and convenient amenities. The property is situated on a lot with a size of 0 sq ft. The building itself is a single-building structure with one suite. This space is ready for immediate occupancy and presents a fantastic opportunity for growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,544,000
      Market price range: $1.54M - $5.17M
      AI Estimate
      $1,105,000
      Market price range: $1.11M - $3.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.534
    Latitude
    41.6799
    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
    2016
    $18,707
    $214,100
    $619,600
    $833,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,995 SF

      46 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,995 SF
      46 Main St, Coventry, RI 02816-5722
      View Details
    • Value Estimation
      $1,040,000
      9,597 SF

      7 Clark Ml St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,597 SF
      7 Clark Ml St, Coventry, RI 02816-6338
      View Details
    • Value Estimation by Request
      2,130 SF

      1015 Tiogue Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,130 SF
      1015 Tiogue Ave, Coventry, RI 02816-6198
      View Details
    • Value Estimation by Request
      1,206 SF

      664 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,206 SF
      664 Washington St, Coventry, RI 02816-5482
      View Details
    • Value Estimation by Request
      600 SF

      625 Hammet Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 600 SF
      625 Hammet Rd, Coventry, RI 02816-5010
      View Details
    • Value Estimation by Request
      1,252 SF

      317 Harkney Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,252 SF
      317 Harkney Hl Rd, Coventry, RI 02816-7059
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,595 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and parking spaces.
      666 Main St, Coventry, RI 02816
      View Details
    • Contact for pricing

      Coventry RI Mixed-Use Investment

      Prime Coventry location, 108,900 SF lot, office/industrial potential.
      1193 Tiogue Ave Unit, Coventry, RI 02816
      View Details
    • $1,450,000
      2.50 Acres

      Mixed-Use Commercial Property Available

      18,500 sq ft mixed-use property with vacant suites.
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • $1,679,000

      Benjamin Square: Mixed-Use Investment

      Coventry, RI: Prime Mixed-Use Opportunity
      1193 Tiogue Ave Tiogue Ave, Coventry, RI 02816
      View Details
    • $1,679,000
      18,500 SF

      Tiogue Ave Mixed-Use Investment

      18,500 SF, 4.5% Cap Rate, RI
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • Contact for pricing
      3,227 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and office spaces.
      654 Main St, Coventry, RI 02816
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Commercial Land For Lease

      Commercial land available for lease, ideal for drive-thru business.
      495 Tiogue Ave, Coventry, RI 02816
      View Details
    • $0.02 SF/Yr
      5,000 SF

      Benjamin Square Office Building

      5,000 SF Office Space - Lease NNN
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • $2,300 /Mo
      2,000 SF

      Coventry Retail Space Available

      2000 sq ft commercial space in fully occupied strip mall.
      1020 Tiogue Ave, Coventry, RI 02816
      View Details
    • $1,000 /Mo

      Updated Suites for Beauty, Wellness

      Recently updated suites for beauty and wellness businesses, various sizes.
      960 Tiogue Ave, Coventry, RI 02816
      View Details
    • $15 SF/Yr

      Versatile Commercial Condo with Garage

      Commercial condo with garage, kitchen, office, and mezzanine.
      1010 Tiogue Ave, Coventry, RI 02816
      View Details
    • $15 SF/Yr

      Coventry Retail Leasing Opportunity

      Versatile retail space available for lease in Coventry, Rhode Island.
      87 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113 Tiogue Ave
    Coventry, RI 02816-5279
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.