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    Property profile & analytics

    28 Old Summit Rd Coventry, RI 02827

    • Commercial real estate
    • 6.80 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US76-0045401
    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

    • Commercial real estate

    Property Details for 28 Old Summit Rd

    Lot size
    6.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.8-acre parcel presents a unique development opportunity in Coventry, Rhode Island. Located at 28 Old Summit Road, this property boasts excellent visibility and accessibility, situated on Route 117 just beyond the Route 102 rotary. The land is predominantly flat, with approximately one-third already cleared of trees and brush, simplifying site preparation. The asking price is $369,000, translating to a land value of $54,264.70 per acre. The property's zoning classification is VRC, permitting a variety of uses including, but not limited to, family day care centers, veterinary or animal hospitals, and horticultural nurseries or greenhouses (excluding cannabis cultivation). This versatile zoning makes the property suitable for a range of commercial, industrial, and even residential developments, offering significant potential for investors and developers seeking a strategic location in a growing area. The property's convenient location and flexible zoning regulations create a compelling investment opportunity with substantial upside potential. Detailed site plans and further information are available upon request. The property is located in Kent County, Rhode Island, with a zip code of 02827.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.6953645
    Latitude
    41.6921475
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    28 Old Summit Rd
    Coventry, RI 02827
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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