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Property profile & analytics
OFF-MARKET
Estimated value
$8,795,000
Showrooms
2293 New London Tpke Coventry, RI 02816-4106
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US76-0015550
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2014
Construction
FRAME
Total area
4,590 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-20
APN
COVE M:7 L:17
UPID
US76-0015550
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
-
Cumberland Farms Grocery & Convenience Store
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
-
Citizens ATM Atm
-
Coin Cloud Bitcoin ATM Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
Cumberland Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.80M
Owner & transaction history
Obsidian Ml 7 LLC · 3 yrs held
Obsidian Ml 7 LLC
since 2023
Last sale
$7.6M
5 recorded transactions
Zoning & alternative use
R-20 · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$10,090,000
ML approach
$9,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.80M
Range $7.92M – $9.67M · ±10% · vs last sale $7.63M (May 18 2023)
Last sale anchor
$7.63M
May 18 2023
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
$1,916 / 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
$54,119
Tax year 2024
Assessed value
$2,431,200
Assessed 2024
Previous assessed
$2,431,200
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$900,000
Assessed improvement
$1,531,200
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
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
4
Bathrooms
4
Total area
4,590 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-20
APN
COVE M:7 L:17
UPID
US76-0015550
Jurisdiction
COVENTRY
Zoning & alternative use
R-20 · Coventry, RI
Zoning 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
Coventry. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
4
Bathrooms
4
Lot
1.2 ac
Current owner
From public records · entity-resolved
Obsidian Ml 7 LLC
Entity
Mailing address
2293 NEW LONDON TPKE, COVENTRY, RI 02816-4106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
$7,634,001
Obsidian Ml 7 LLC
Cfi Propco 2 LLC
Warranty Deed
—
May 28, 2014
$350,000
Cumberland Farms INC
Green,edward J & Joan M
Warranty Deed
—
Jan 26, 2011
$1
Edward Green Ret
Green,edward
Grant Deed
—
Mar 14, 2006
—
Edward J Green
—
Deed Of Trust
related
$19,000 · Citizens Bank Of Ri
Feb 11, 1998
—
Edward J Green
—
Deed Of Trust
related
$71,000 · Citizens Mortgage INC
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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