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    Property profile & analytics

    2855 Flt Riv Rd Coventry, RI 02816-4939

    • Industrial properties
    • 5,640 SF
    • 5.20 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    5.1%
    Industrial properties
    Location Intelligence
    Property ID
    US76-0155467
    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

    • Coventry Millwork Inc / Shopping Center & Mall
    • Classic Detail / Car Wash

    Property Details for 2855 Flt Riv Rd

    Year built
    1988
    Lot size
    5.20 lot acres
    Property size
    5,640 SF
    Zone code
    2000
    Property type
    Industrial properties
    APN
    COVE M:318 L:4
    APU
    COVEM318L4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,019,000
      Market price range: $429k - $1.02M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $675,000
      Current use
      OFFICE BUILDING
      $1,270,000
      Change: +87% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,175,000
      Change: +74% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.6369
    Latitude
    41.7042
    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
    2020
    $22,574
    $340,800
    $716,700
    $1,057,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1193 Tiogue Ave Tiogue Ave

      Schools
      1193 Tiogue Ave Tiogue Ave, Coventry, RI 02816
      View Details
    • Value Estimation
      $11,470,000
      108,722 SF

      498 Washington St

      INDUSTRIAL (GENERAL) • 108,722 SF
      498 Washington St, Coventry, RI 02816-5467
      View Details
    • Value Estimation
      $3,545,000
      28,076 SF

      500 Washington St, Unit DD

      INDUSTRIAL (GENERAL) • 28,076 SF
      500 Washington St, Coventry, RI 02816-5469
      View Details
    • Value Estimation
      $12,845,000
      206,999 SF

      1650 Flt Riv Rd

      INDUSTRIAL (GENERAL) • 206,999 SF
      1650 Flt Riv Rd, Coventry, RI 02816-8909
      View Details
    • Value Estimation
      $3,115,000
      33,249 SF

      592 Arnold Rd

      INDUSTRIAL (GENERAL) • 33,249 SF
      592 Arnold Rd, Coventry, RI 02816-4108
      View Details
    • Value Estimation
      $960,000
      11,644 SF

      14 Potter Ct

      INDUSTRIAL (GENERAL) • 11,644 SF
      14 Potter Ct, Coventry, RI 02816
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,000 SF

      Coventry Commercial Condo with Garage

      Heated commercial condo with garage/storage and high visibility.
      1012 Tiogue Ave, Coventry, RI 02816
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      23,984 SF

      Coventry Industrial Property for Sale

      Industrial property featuring office, warehouse, and shop areas.
      80 Centre Of New England Blvd, Coventry, RI 02816
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    • $1,350,000
      13,712 SF

      Hardware Store with Apartment, Warehouse

      Commercial property with storefront, apartment, and warehouse in Coventry.
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    • $699,999
      13,322 SF

      Coventry Mill Building For Sale

      Mill building with development opportunities in Coventry, Rhode Island.
      45 Old Flat River Rd, Coventry, RI 02816
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    • $1,199,900
      Pending

      Coventry Investment Opportunity

      Ten-unit multifamily property for sale in Coventry, Rhode Island.
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    • Contact for pricing
      1.08 Acres

      Coventry Commercial Suites for Sale

      Commercial suites for sale, ideal for various business types.
      960 Tiogue Ave, Coventry, RI 02816
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    Similar Nearby for Lease

    • $0.02 SF/Yr
      5,000 SF

      Benjamin Square Office Building

      5,000 SF Office Space - Lease NNN
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      View Details
    • Contact for pricing

      Coventry Industrial/Warehouse/Storage/Manufacturing Space

      Industrial, warehouse, storage, and manufacturing space available for rent.
      1372 Main St, Coventry, RI 02816
      View Details
    • $21 SF/Yr
      1,000 SF

      Versatile Commercial Condo with Garage

      Commercial condo with garage, office, and storage space available.
      1010-1012 Tiogue Ave, Coventry, RI 02816
      View Details
    • $5 SF/Yr

      Commercial Land For Lease

      Commercial land available for lease, ideal for drive-thru business.
      495 Tiogue Ave, Coventry, RI 02816
      View Details
    • Contact for pricing
      1,200 SF

      Coventry Retail Leasing Opportunity

      Versatile retail space available for lease in Coventry, Rhode Island.
      87 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    • $2,300 /Mo
      4,400 SF

      Coventry Retail Space Available

      2000 sq ft commercial space in fully occupied strip mall.
      1020 Tiogue Ave, Coventry, RI 02816
      View Details
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    2855 Flt Riv Rd
    Coventry, RI 02816-4939
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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