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    628 Metacom Ave Warren, RI 02885-2838

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    Property profile & analytics

    628 Metacom Ave Warren, RI 02885-2838

    View on Map
    • Super regional malls
    • 6,478 SF
    • 0.83 lot acres
    Off-Market
    Property ID
    US76-0106522
    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
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tap Printing Inc. / (Bike/Boat/Book/etc) Store / Printing Service
    • New England Computers / Electronics & Wireless Store
    • Advance America / Loan Service
    • Ink Munkee Apparel / (Bike/Boat/Book/etc) Store / Printing Service
    • Sam's Cleaners / (Bike/Boat/Book/etc) Store

    Property Details for 628 Metacom Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.83 lot acres
    Property size
    6,478 SF
    Zone code
    B
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    WARR M:13D L:193
    APU
    WARRM13DL193

    Description

    This exceptional commercial property, located at 628 Metacom Avenue in Warren, Rhode Island, presents a compelling investment opportunity. Situated on the highly visible northbound side of Route 136, this 1.2-acre property boasts nearly 12,000 square feet of versatile commercial space, currently divided into 14 numbered units. Thirteen of these units are occupied by eight established retail businesses, generating consistent income. The property includes a full basement offering an additional 2,800 square feet of rentable space, further enhancing its income potential. Ample parking is provided with 60 spaces, ensuring convenience for tenants and customers. Each unit is equipped with its own gas and electric HVAC system, offering independent climate control. Adding to the income stream, there is also additional office space located on the second floor. This prime location on Route 136 guarantees high visibility and significant foot traffic, making it ideal for an anchor tenant seeking maximum exposure. The property's strong occupancy rate, diverse tenant mix, and substantial square footage combine to create a robust and attractive investment opportunity with significant potential for future growth. This is a rare chance to acquire a well-established, income-producing commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,625,000
      RETAIL STORES
      $965,000
      RESTAURANT
      $885,000
      COMMERCIAL (GENERAL)
      $690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Bristol
    State
    Rhode Island
    Longitude
    -71.2677
    Latitude
    41.7179
    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
    2023
    $7,368
    $167,200
    $372,200
    $539,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $890,000
      5,536 SF

      628 Metacom Ave

      REGIONAL SHOPPING CENTER, MALL • 5,536 SF
      628 Metacom Ave, Warren, RI 02885-2838
      View Details
    • Value Estimation
      $4,315,000
      43,784 SF

      16 Commercial Way

      SHOW ROOM, WAREHOUSE • 43,784 SF
      16 Commercial Way, Warren, RI 02885-1637
      View Details
    • Value Estimation by Request

      16 Miller St

      Individual retail properties
      16 Miller St, Warren, RI 02885
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    • Value Estimation by Request
      900 SF

      379 Market St

      RETAIL STORES (PERSONAL SERVICES) • 900 SF
      379 Market St, Warren, RI 02885-2636
      View Details
    • Value Estimation by Request
      3,240 SF

      371 Metacom Ave

      PARKING GARAGE, PARKING STRUCTURE • 3,240 SF
      371 Metacom Ave, Warren, RI 02885-2701
      View Details
    • Value Estimation by Request
      744 SF

      2 Redmond St

      RETAIL STORES (PERSONAL SERVICES) • 744 SF
      2 Redmond St, Warren, RI 02885-2613
      View Details

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    Similar Nearby for Lease

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      3,000 SF

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      Office space in downtown Warren with utilities and parking included.
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    • $500 /Mo
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    Warren, RI 02885-2838
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    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
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    628 Metacom Ave, Warren, RI, 02885

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