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Financial
Distress signals
Property profile

487 Washington St Coventry, RI 02816

OFF-MARKET
Showrooms
Property ID
US76-0420163
7,366 SF 0.3 ac lot Built 1923
Last sale Feb 2023
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is located in Coventry, Rhode Island, on a road with vehicle traffic that provides street visibility. It is configured for automotive or vehicle-related use and includes an auto shop with four garage stalls, an office, and a large outdoor parking area suitable for vehicle storage. The building also has a second-floor bar and lounge space with a full kitchen, which provides an additional enclosed area that can be used as office, breakroom, or for other accessory uses. The property…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$479k
Assessed land$162k
Assessed improvement$317k
Effective rate2.23%

Value estimate

· Oct 2026
$425k
$383k – $468k
Submarket $/SF estimate$840k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$114 – $382
Qualifying comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
2000
JurisdictionCOVENTRY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.2
Law Firm28.5
Spa & Massage22.1

Location

487 Washington St Coventry, RI 02816-5466
County assessor Recorded deeds · 1 transfer 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
599 Tiogue, Coventry, RI 02816-5571 $90,000 Feb 2026 3,744 SF
51 Laurel, Coventry, RI 02816-5329 $4,800,000 Dec 2024 10,215 SF
395 Knotty Oak, Coventry, RI 02816-8289 $240,000 Dec 2024 5,140 SF
91 Old Flt Riv, Coventry, RI 02816-5123 $485,000 Dec 2023 10,124 SF
495 Washington, Coventry, RI 02816-5468 $2,609,895 Jun 2023 10,792 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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