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1372 Main St, Coventry, RI 02816
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Property summary
AI-generated overview
This Coventry, RI property offers 142,802 square feet of flexible industrial space, ideal for manufacturing, R&D, distribution, or warehousing. Located at 1372 Main St, 02816, this multi-tenant building boasts 10 loading docks, one drive-in door, and ample parking (200 spaces). Units range from 800 to 8,612 contiguous square feet, with the potential to combine spaces. Built in 1980, the building features 3-phase power and is situated in the Coventry submarket of Kent County. The property is part of a former Gtech manufacturing facility and currently houses technology startups and expanding distribution businesses. Beyond the indoor space, over 30,000 square feet of outdoor storage or parking is available. This location provides opportunities for businesses seeking office space, small labs, incubator activities, or larger warehouse and manufacturing needs. The property's versatility makes it suitable for a wide range of industrial and commercial uses.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
141,802 SF
Lot
7.9 ac (344,124 SF)
Zoning code
6000
APN
COVE M:52 L:2
UPID
US76-0223528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Business Park
-
Material Handling Equipment Supplier
-
Research And Product Development Chemistry Lab
-
Home Appliance Store Building Supply
-
Auto Repair Shop Motorcycle Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.15M
Comparable Approach
Comparable
$10.79M
Blend (final)
Blend
$9.26M
Owner & transaction history
since 2022
3 recorded transactions
Zoning & alternative use
6000 · Coventry, RI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.26M
Value range
$8.33M – $10.19M
±10% around blend
Estimated value / SF
$65 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$8.33M
blend $9.26M
$10.19M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
141,802 SF
Lot area
7.9 ac
Year built
1980
Stories
1
APN
COVE M:52 L:2
Zoning
6000
Assessed value
$4,105,700
Annual tax
$91,393
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.15M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$11.00M
@ 6.5% CAP return
$10.15M
@ 7% CAP return
$9.43M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$91,393
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$10.79M
Range $10.79M – $25.63M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 42 sales
$120
-46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $65/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.99M
Move the market yield to see immediate price impact.
Value / SF
$35
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$314k
$6.28M
$4.49M
$3.49M
$349k
$6.98M
$4.99M
$3.88M
$384k
$7.68M
$5.48M
$4.27M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$91,393
Tax year 2024
Assessed value
$4,105,700
Assessed 2024
Previous assessed
$4,105,700
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$579,100
Assessed improvement
$3,526,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
141,802 SF
Lot
7.9 ac (344,124 SF)
Zoning code
6000
APN
COVE M:52 L:2
UPID
US76-0223528
Jurisdiction
COVENTRY
Zoning & alternative use
6000 · Coventry, RIZoning 6000 · permitted uses
6000 · Coventry, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
7.9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6000
Jurisdiction
Coventry, RI
Recorded code
6000
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6000 in Coventry, RI.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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