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Property profile & analytics

2 Fairway Dr Coventry, RI 02816

  • Showrooms
  • 1,344 SF
  • 36.94 lot acres
Value Estimations
Cap Rate Potential
3.5%
Showrooms
Location Intelligence
Property ID
US76-0071357
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

  • Showrooms

Property Details for 2 Fairway Dr

Year built
1966
Construction
FRAME
Lot size
36.94 lot acres
Property size
1,344 SF
Property type
Showrooms
APN
COVE M:53 L:32-001
APU
COVEM53L32001

Description

This exceptional 36.94-acre property located at 2 Fairway Drive in Coventry, Rhode Island, presents a unique multifamily development opportunity. The land, previously the site of the Washington Village 9-hole golf course, offers significant potential for residential construction. Its prime location provides convenient access to a variety of amenities and retail options. Within a half-mile radius, residents will find Coventry Shopper's Park, home to Dave's Marketplace, Family Dollar, Dunkin' Donuts, Bank RI, and other local businesses. For larger shopping needs, the Centre of New England Boulevard, featuring national retailers such as Walmart Supercenter, Home Depot, BJ's Wholesale, and Cracker Barrel, is just 3.6 miles away. The property benefits from its proximity to Route 117 and is minutes from Route 2 and the retail corridor of Warwick. This strategic location offers easy access to major highways, making it an attractive location for both residents and businesses. The property is zoned for multifamily use and presents a compelling investment opportunity for developers seeking to capitalize on the growing demand for housing in the Coventry area. The substantial lot size allows for a large-scale development project, offering flexibility in design and unit configurations. This is a rare chance to acquire a significant parcel of land in a desirable location with excellent access to transportation and retail.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $470,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $315,000
    6.5%
    $290,000
    7%
    $270,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $513,000
    Market price range: $153k - $513k
    AI Estimate
    $363,000
    Market price range: $110k - $364k

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


Location Insight

  • Map
  • Local Demand
City
Coventry
County
Kent
State
Rhode Island
Longitude
-71.5694
Latitude
41.6954
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
$13,799
$498,700
$121,200
$619,900
-
$0.00
$0.00
$0.00
More about this property
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