Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    466 Washington St Coventry, RI 02816
    Property profile & analytics

    466 Washington St Coventry, RI 02816

    View on Map
    • Investment properties
    • 3,840 SF
    • 0.36 lot acres
    For Sale
    $900,000
    View Listing →
    Coventry Mixed-Use Investment Opportunity For Sale
    $900,000
    4,800 SF

    Coventry Mixed-Use Investment Opportunity

    Mixed-use property with residential units and retail space.

    466 Washington, Coventry, RI 2816
    View Listing
    Property ID
    US76-0070224
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 466 Washington St

    Year built
    1918
    Lot size
    0.36 lot acres
    Property size
    3,840 SF
    Zone code
    3000
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    COVE M:56 L:122
    APU
    COVEM56L122

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $855,000
      Market price range: $438k - $1.47M
      AI Estimate
      $709,000
      Market price range: $313k - $1.04M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $800,000
      Current use
      OFFICE BUILDING
      $865,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5381
    Latitude
    41.6952
    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
    2024
    $0.00
    $194,400
    $398,300
    $592,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,499 SF

      182 Arnold Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,499 SF
      182 Arnold Rd, Coventry, RI 02816-5642
      View Details
    • Value Estimation
      $905,000
      5,904 SF

      1586 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,904 SF
      1586 Main St, Coventry, RI 02816-8442
      View Details
    • Value Estimation by Request
      2,404 SF

      19 Indian Trl

      OFFICE/RESIDENTIAL (MIXED USE) • 2,404 SF
      19 Indian Trl, Coventry, RI 02816-5137
      View Details
    • Value Estimation by Request
      2,423 SF

      920 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,423 SF
      920 Main St, Coventry, RI 02816-5456
      View Details
    • Value Estimation
      $555,000
      2,598 SF

      656 Main St, Unit 658

      OFFICE/RESIDENTIAL (MIXED USE) • 2,598 SF
      656 Main St, Coventry, RI 02816-7856
      View Details
    • Value Estimation by Request
      1,488 SF

      899 Tiogue Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,488 SF
      899 Tiogue Ave, Coventry, RI 02816-6300
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,871 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and parking.
      26 Lamphear St, Coventry, RI 02816
      View Details
    • $549,900
      2,640 SF

      Versatile Commercial Property For Sale

      Two-building commercial property with rental potential and ample parking.
      1025 Tiogue Ave, Coventry, RI 02816
      View Details
    • Contact for pricing
      16,595 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and parking spaces.
      666 Main St, Coventry, RI 02816
      View Details
    • $900,000
      4,800 SF

      Coventry Mixed-Use Investment Opportunity

      Mixed-use property with residential units and retail space.
      466 Washington St, Coventry, RI 02816
      View Details
    • $1,450,000

      Mixed-Use Commercial Property For Sale

      18,500 SF mixed-use property with versatile vacant spaces.
      1193 Tiogue Ave, Coventry, RI 02816
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,000 SF

      High Traffic Location Space Available

      Office, retail, or professional space in high-traffic area.
      2435 Nooseneck Hill Rd, Coventry, RI 02816
      View Details
    • $15 SF/Yr

      Coventry Retail/Office/Warehouse Space Available

      8,836 SF versatile space for office, retail, or warehouse.
      87 Centre Of New England Blvd, 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
    • $15 SF/Yr
      1,200 SF

      Coventry Retail/Office Leasing Opportunity

      Versatile commercial space in Coventry, customizable for various business needs.
      87 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    • $2,000 /Mo
      5,000 SF

      Versatile Commercial Units Available

      Clean, adaptable space for light industrial, storage, or small business.
      9 Gay St, Coventry, RI 02816
      View Details
    • $1,500 /Mo

      Coventry Commercial Garage Space Available

      Adaptable commercial garage space for storage, light industrial, trades.
      113 Tiogue Ave, Coventry, RI 02816
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    466 Washington St
    Coventry, RI 02816
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    466 Washington St, Coventry, RI, 02816
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!