Property profile & analytics
294 Cowesett Ave West Warwick, RI 02893-2294
- Showrooms
- 6,072 SF
- 0.64 lot acres
OFF-MARKET
Value Estimations
$1,190,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US76-0181632
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
- COZY Nails & Spa / Nail Salon
- CITI Smoke / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
- Piece Of Time Photography / Photography Service / (Bike/Boat/Book/etc) Store
- Regal Roofing / Roofing Company / General Contractor
- Organical Botanical / (Bike/Boat/Book/etc) Store / Cosmetic Store
Property Details for 294 Cowesett Ave
- Year built
- 2020
- Construction
- FRAME
- Lot size
- 0.64 lot acres
- Property size
- 6,072 SF
- Zone code
- B
- Property type
- Showrooms
- APN
- WWAR 028-0396-0-000
- APU
- WWAR02803960000
Description
This exceptional 1,000 square foot commercial property, situated at 294 Cowesett Avenue in West Warwick, Rhode Island, presents a remarkable investment opportunity. Built in 2020, this single-unit building is part of a new construction strip center, boasting a highly desirable location with excellent visibility and accessibility. The property sits on a substantial 28,052 square foot lot, providing ample parking for tenants and customers. Its strategic placement offers immediate access to Route 2 and other major highways, ensuring convenient commutes and high traffic flow. The property is ideally suited for a variety of commercial or medical office uses. The triple net lease structure simplifies ownership and management, making it an attractive option for investors seeking a low-maintenance, high-return investment. The asking price is $1,700. This property is ready for immediate occupancy and represents a rare opportunity to establish a thriving business in a prime West Warwick location within the Kent County zip code 02893. The property's modern construction and convenient location combine to create a highly sought-after commercial space. Don't miss this chance to secure a valuable asset in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,250,000
- 6.5%
- $1,155,000
- 7%
- $1,070,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,359,000
- AI Estimate
- $1,050,000
Market price range: $430k - $1.45MMarket price range: $364k - $1.05M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $910,000 Current use
- OFFICE BUILDING
- $1,365,000 Change: +50% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $730,000 Change: -20% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.5046
- Latitude
- 41.6851
- 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
2023
$21,203
$208,100
$467,800
$675,900
-
$0.00
$0.00
$0.00
