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    Property profile & analytics

    5 Salvas Ave Coventry, RI 02816-4128

    • Industrial properties
    • 24,180 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    $960,000
    Last Sale
    May 23, 2023
    Location Intelligence
    Property ID
    US76-0154943
    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

    • Colonial Machine & Tool / Machine Shop
    • Durfee Enterprises / Machine Shop

    Property Details for 5 Salvas Ave

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    0.97 lot acres
    Property size
    24,180 SF
    Zone code
    2000
    Property type
    Industrial properties
    APN
    COVE M:7 L:13
    APU
    COVEM7L13

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,050,000
      6.5%
      $1,125,000
      7%
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,080,000
      Geo Method
      $960,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,160,000
      Retail
      $1,145,000
      Mixed-Use
      $1,035,000
      Hospitality
      $1,000,000
      Educational
      $930,000
      Residential Income
      $1,170,000
      Energy
      $1,040,000
      Income-Based Land
      $1,145,000
      Food Service
      $1,000,000

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5455
    Latitude
    41.6633
    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
    $29,568
    $296,400
    $1,031,900
    $1,328,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,018 SF

      1010 Tiogue Ave

      Office space • 2,018 SF
      1010 Tiogue Ave, Coventry, RI 02816
      View Details
    • Value Estimation by Request
      11,250 SF

      282 Pulaski St

      Flex space • 11,250 SF
      282 Pulaski St, Coventry, RI 02816
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    • Value Estimation by Request

      45 Old Flt Riv Rd Old Flt Riv Rd

      Government properties
      45 Old Flt Riv Rd Old Flt Riv Rd, Coventry, RI 02816
      View Details
    • Value Estimation
      $110,000
      1,664 SF

      36 Abbotts Xing Rd

      INDUSTRIAL (GENERAL) • 1,664 SF
      36 Abbotts Xing Rd, Coventry, RI 02816-8460
      View Details
    • Value Estimation by Request
      26,240 SF

      70 Ctr Of New England Blvd

      INDUSTRIAL (GENERAL) • 26,240 SF
      70 Ctr Of New England Blvd, Coventry, RI 02816-6068
      View Details
    • Value Estimation by Request
      22,080 SF

      30 Ctr Of New England Blvd

      INDUSTRIAL (GENERAL) • 22,080 SF
      30 Ctr Of New England Blvd, Coventry, RI 02816-6068
      View Details

    Similar Nearby for Sale

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      Coventry, RI: Prime Mixed-Use Opportunity
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      Coventry RI Mixed-Use Investment

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    • $700,000

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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
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • $17 SF/Yr
      4,000 SF

      Coventry RI Industrial Warehouse

      4,000 SF Warehouse, 4 Bays, Excellent Location
      639 Main St, Coventry, RI 02816
      View Details
    • Contact for pricing
      2,018 SF

      Versatile Commercial Condo with Garage

      Commercial condo with garage, office, and storage space available.
      1010-1012 Tiogue Ave, Coventry, RI 02816
      View Details
    • $15 SF/Yr

      Versatile Coventry Commercial Space Available

      8,836 SF office/retail/warehouse space for lease.
      87 Ctr Of New England Blv, Coventry, RI 02816
      View Details
    • $10 SF/Yr
      142,802 SF

      Coventry Industrial Space Available

      RI Manufacturing/Flex Space for Lease
      1372 Main St, Coventry, RI 02816
      View Details
    • $9 SF/Yr
      13,260 SF

      Coventry Warehouse with Outdoor Storage

      Single-story warehouse with office space and secure outdoor storage.
      70 Centre Of New England Blvd, Coventry, RI 02816
      View Details
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    Coventry, RI 02816-4128
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    Realmo Value Estimation

    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.

    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.

    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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