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Property profile & analytics
OFF-MARKET
Showrooms
51 Laurel Ave Coventry, RI 02816-5329
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US76-0205145
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Construction
FRAME
Total area
10,215 SF
Lot
0.52 ac (22,651 SF)
Zoning code
2000
APN
COVE M:55 L:124
UPID
US76-0205145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Summer Villa Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
51 Laurel Ave LLC · 1 yrs held
51 Laurel Ave LLC
since 2025
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
2000 · Coventry, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Coventry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coventry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,149
Tax year 2024
Assessed value
$1,309,500
Assessed 2024
Previous assessed
$1,309,500
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$193,900
Assessed improvement
$1,115,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
62
Rooms
62
Bathrooms
12
Total area
10,215 SF
Lot
0.52 ac (22,651 SF)
Zoning code
2000
APN
COVE M:55 L:124
UPID
US76-0205145
Jurisdiction
COVENTRY
Zoning & alternative use
2000 · Coventry, RI
Zoning 2000 · permitted uses
2000 · Coventry, RI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coventry. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
62
Rooms
62
Bathrooms
12
Lot
0.52 ac
Current owner
From public records · entity-resolved
51 Laurel Ave LLC
Entity
Mailing address
51 LAUREL AVE, COVENTRY, RI 02816-5329
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
$4,800,000
51 Laurel Ave LLC
Fresh Start Consulting Ll
Warranty Deed
$4,875,000 · Live Oak Banking Company
Aug 26, 2013
—
Fresh Start Consulting
—
Deed Of Trust
related
$70,000 · David C Tapalian
Jun 1, 2011
—
Fresh Start Consulting
—
Deed Of Trust
related
$700,000 · Coastway Cu
Sep 7, 2006
—
Fresh Start Consulting
—
Deed Of Trust
related
$725,000 · Coastway Cu
Jun 17, 2005
$500,000
Fresh Stuart Consulting
Ryan,david M
Grant Deed
$100,000 · Sean Dunn
Jun 17, 2005
—
Fresh Start Consulting
—
Deed Of Trust
related
$300,000 · Paula Matthews
Dec 1, 1995
—
David M Ryan
—
Deed Of Trust
related
$105,746 · Health Concepts Ltd
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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