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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Showrooms
2006 Nooseneck Hl Rd Coventry, RI 02816-6708
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US76-0030364
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,218 SF
Lot
1.6 ac (69,696 SF)
Zoning code
4000
APN
COVE M:10 L:33
UPID
US76-0030364
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
-
FedEx Drop Box Postal Service Courier Service
-
International Fitness Club Network Gym & Fitness Center
-
Ocean State Credit Union Credit Union
-
South Coast Title Escrow Incorporated Title Company
-
Four Winds Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$3.48M
Owner & transaction history
Credit Union Coventry · 12 yrs held
Credit Union Coventry
since 2014
7 recorded transactions
Zoning & alternative use
4000 · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+7.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,575,000
6.5%
$4,220,000
7%
$3,920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,630,000
Current use
OFFICE BUILDING
$4,995,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$156 / 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
Tax billed
$52,260
Tax year 2024
Assessed value
$2,347,700
Assessed 2024
Previous assessed
$2,347,700
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$540,000
Assessed improvement
$1,807,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
22,218 SF
Lot
1.6 ac (69,696 SF)
Zoning code
4000
APN
COVE M:10 L:33
UPID
US76-0030364
Jurisdiction
COVENTRY
Zoning & alternative use
4000 · Coventry, RI
Zoning 4000 · permitted uses
4000 · Coventry, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coventry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
1.6 ac
Current owner
From public records · entity-resolved
Credit Union Coventry
Individual
Mailing address
2006 NOOSENECK HL RD, COVENTRY, RI 02816-6708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2014
$163,177
Credit Union Coventry
Hughes,david
Foreclosure
related
—
Jan 28, 2011
—
Kenneth G Gebhardt JR.
—
Deed Of Trust
related
$109,000 · Coventry Cu
Oct 8, 2010
—
James H Roberts
—
Deed Of Trust
related
$328,000 · Coventry Cu
Jan 14, 2009
—
Marvin S Webber JR.
—
Deed Of Trust
related
$382,500 · Coventry Cu
Jul 15, 2008
—
George A Simmons
—
Deed Of Trust
related
$210,000 · Coventry Cu
Mar 26, 2001
$1,380,000
Credit Union Coventry
G Tech Corp
Grant Deed
related
—
Dec 19, 1990
—
Alexander Sq Assoc
—
Deed Of Trust
related
$190,000 · Rover INC
—
—
Town Of Coventry
—
Deed Of Trust
related
$499,900 · Coventry Cu
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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