You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

15 Patt Ave Cumberland, RI 02864-7813

OFF-MARKET Showrooms Google Maps
1,200 SF 0.23 ac lot Built 1972
Entity Owned ~ Est. High Equity
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US76-0285455

Property summary

AI-generated overview

This exceptional 1,200 sq ft commercial property at 15 Patt Avenue, Cumberland, RI, presents a unique investment opportunity. Currently operating as a meticulously maintained auto repair facility, this property boasts a fully equipped garage complete with a lift, pit, and storage loft. The building also includes a heated workspace and a separate 1,000 sq ft concrete block garage ideal for additional storage. The property's versatility allows for continued use as an auto repair shop or adaptation to a wide range of commercial ventures. The high visibility corner lot offers maximum exposure, with frontage on both Patt Avenue and Eddy Street. The substantial 0.34-acre lot comprises two legal lots totaling approximately 14,812 sq ft (10,020 sq ft and 4,792 sq ft respectively), providing ample space for expansion or future development. The property's location in a primarily residential area offers a unique blend of accessibility and potential for mixed-use development. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant upside potential in a desirable Cumberland location. The asking price is $399,900.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,200 SF
Lot 0.23 ac (10,019 SF)
Zoning code R-2
APN CUMB M:004 B:0206 L:000
UPID US76-0285455

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
5 recorded transactions
2026
$210,000
2025
Price N/A
2024
Price N/A
2024
Price N/A
2023
Price N/A

Zoning & alternative use

R-2 · Cumberland, RI
Zoning description

Within the R-1 and R-2 zones, animals for personal use are allowed as follows: (a) For each 25,000 square feet of land one horse may be kept provided that it is stabled. (b) A maximum of five birds, fowl or other animals…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15 Patt Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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