Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    499 Washington St Coventry, RI 02816-5468

    • Investment properties
    • 1,170 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2021
    $280,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US76-0421863
    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

    • Investment properties

    Property Details for 499 Washington St

    Year built
    1965
    Lot size
    0.44 lot acres
    Property size
    1,170 SF
    Zone code
    2000
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    COVE M:56 L:8
    APU
    COVEM56L8

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5401
    Latitude
    41.6957
    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
    $209,500
    $159,400
    $368,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,070,000
      4,416 SF

      432 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,416 SF
      432 Washington St, Coventry, RI 02816-5499
      View Details
    • Value Estimation by Request
      2,120 SF

      1196 Main St, Unit 1198

      OFFICE/RESIDENTIAL (MIXED USE) • 2,120 SF
      1196 Main St, Coventry, RI 02816-5712
      View Details
    • Value Estimation
      $865,000
      5,592 SF

      572 Tiogue Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,592 SF
      572 Tiogue Ave, Coventry, RI 02816-5684
      View Details
    • Value Estimation by Request
      1,800 SF

      354 Hopkins Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,800 SF
      354 Hopkins Hl Rd, Coventry, RI 02816-6332
      View Details
    • Value Estimation by Request
      1,468 SF

      11 Reservoir Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,468 SF
      11 Reservoir Rd, Coventry, RI 02816-6401
      View Details
    • Value Estimation by Request
      2,388 SF

      404 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,388 SF
      404 Washington St, Coventry, RI 02816-5459
      View Details

    Similar Nearby for Sale

    • 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
    • $1,679,000

      Benjamin Square: Mixed-Use Investment

      Coventry, RI: Prime Mixed-Use Opportunity
      1193 Tiogue Ave Tiogue Ave, Coventry, RI 02816
      View Details
    • $1,679,000
      18,500 SF

      Tiogue Ave Mixed-Use Investment

      18,500 SF, 4.5% Cap Rate, RI
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • Contact for pricing
      3,227 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and office spaces.
      654 Main St, Coventry, RI 02816
      View Details
    • Contact for pricing
      2,960 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and parking spaces.
      656 Main St, Coventry, RI 02816
      View Details
    • Contact for pricing

      Coventry RI Mixed-Use Investment

      Prime Coventry location, 108,900 SF lot, office/industrial potential.
      1193 Tiogue Ave Unit, Coventry, RI 02816
      View Details

    Similar Nearby for Lease

    • $0.02 SF/Yr
      5,000 SF

      Benjamin Square Office Building

      5,000 SF Office Space - Lease NNN
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • $2,300 /Mo
      2,000 SF

      Coventry Retail Space Available

      2000 sq ft commercial space in fully occupied strip mall.
      1020 Tiogue Ave, Coventry, RI 02816
      View Details
    • $1,000 /Mo

      Updated Suites for Beauty, Wellness

      Recently updated suites for beauty and wellness businesses, various sizes.
      960 Tiogue Ave, Coventry, RI 02816
      View Details
    • $15 SF/Yr

      Versatile Commercial Condo with Garage

      Commercial condo with garage, kitchen, office, and mezzanine.
      1010 Tiogue Ave, Coventry, RI 02816
      View Details
    • $15 SF/Yr

      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
    • $15 SF/Yr
      25,000 SF

      Dollar Tree Plaza Retail Center

      Coventry, RI: Prime Retail Space Available
      760 Tiogue Ave, Coventry, RI 02816
      View Details
    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.
    499 Washington St
    Coventry, RI 02816-5468
    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

    Google sign-in failed. Please try again or use another login method.