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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Investment properties
15 Reservoir Rd 27 Coventry, RI 02816-6401
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US76-0399253
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1958
Total area
988 SF
Lot
4.2 ac (182,952 SF)
Zoning code
R-20
APN
COVE M:27 L:108
UPID
US76-0399253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Granite Guys Inc Building Supply Hardware & Home Improvement
-
A & C Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Baird Properties LLC · 11 yrs held
Baird Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-20 · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
r dimensional variance and special use permit applications, notice shall be sent to all property owners within 500 feet measured from the perimeter of the property boundary, except in the case of applications within the R-20 Zoning District in which the notice shall be sent to all property owners within 200 feet measured from the perimeter of the property bo…
Zone name
Residential District
General category
RESIDENTIAL
Zone area
5,954.18 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coventry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coventry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$309 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$2,396,400
Assessed 2024
Previous assessed
$2,396,400
+0.0% YoY
Assessed land
$588,000
Assessed improvement
$1,808,400
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1958
Heating
WOOD FURNACE
Buildings
4
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
988 SF
Lot
4.2 ac (182,952 SF)
Zoning code
R-20
APN
COVE M:27 L:108
UPID
US76-0399253
Jurisdiction
COVENTRY
Zoning & alternative use
R-20 · Coventry, RIZoning R-20 · permitted uses
R-20 · Coventry, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
r dimensional variance and special use permit applications, notice shall be sent to all property owners within 500 feet measured from the perimeter of the property boundary, except in the case of applications within the R-20 Zoning District in which the notice shall be sent to all property owners within 200 feet measured from the perimeter of the property boundary. E. For use variance applications, notice shall be sent to all property owner
Zone name
Residential District
General category
RESIDENTIAL
Zone area
5,954.18 ac
Building & site characteristics
From public records
Year built
1958
Heating
WOOD FURNACE
Stories
1
Buildings
4
Units
1
Rooms
5
Bathrooms
1
Lot
4.2 ac
Current owner
From public records · entity-resolved
Baird Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
75 AIRPORT RD STE 1B, COVENTRY, RI 02816-6554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2025
—
Baird Properties LLC
—
Deed
related
$1,500,000 · Coastal One Credit Union
Jan 28, 2015
—
Baird Properties LLC
Ead,charles
Deed In Lieu Of Foreclosure
related
—
Mar 5, 2013
—
Baird Props
—
Deed Of Trust
related
$2,710,000 · Independence Savings Bank
Nov 18, 2009
—
Baird Properties LLC
—
Deed Of Trust
related
$400,000 · Bank Of Rhode Island
Aug 4, 2008
$230,000
Baird Properties LLC
Jonathan H Broomhead
Deed
$149,000 · Bank Of Rhode Island
Aug 4, 2008
—
Baird Properties LLC
—
Deed Of Trust
related
$600,000 · Bank Of Rhode Island
Nov 1, 2004
$217,000
Jonathan H Broomhead
Miller,donald F
Grant Deed
$167,000 · Lighthouse Mortgage
May 10, 1996
—
Donald F Miller
—
Deed Of Trust
related
$90,000 · Coventry Cu
Sep 30, 1994
$105,000
Donald F Miller
Delmenico,norma
Grant Deed
$94,500 · Citizens Mortgage INC
—
—
Baird Properties LLC
—
Deed Of Trust
related
$250,000 · Freedom Nat'l Bk
—
—
Baird Properties LLC
—
Deed Of Trust
related
$80,000 · Freedom Mtg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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