Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    656 Main St Coventry, RI 02816
    Property profile & analytics

    656 Main St Coventry, RI 02816

    View on Map
    • Investment properties
    • 2,598 SF
    • 0.17 lot acres
    For Sale
    $555,000
    View Listing →
    Mixed-Use Property with Parking For Sale
    $555,000
    2,960 SF

    Mixed-Use Property with Parking

    Mixed-use property featuring retail, residential, and parking spaces.

    656 Main St, Coventry, RI
    View Listing
    Property ID
    US76-0041170
    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
    Cap Rate Potential
    7.9%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • HASH NY System / Restaurant

    Property Details for 656 Main St

    Year built
    1948
    Lot size
    0.17 lot acres
    Property size
    2,598 SF
    Zone code
    2000
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    COVE M:96 L:38-002
    APU
    COVEM96L38002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $535,000
      6.5%
      $495,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $717,000
      Market price range: $296k - $992k
      AI Estimate
      $594,000
      Market price range: $212k - $703k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $540,000
      Current use
      OFFICE BUILDING
      $585,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Coventry
    County
    Kent
    State
    Rhode Island
    Longitude
    -71.5351
    Latitude
    41.7241
    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
    $91,800
    $405,400
    $497,200
    -
    $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
      7,871 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring retail, residential, and parking.
      26 Lamphear St, Coventry, RI 02816
      View Details
    • $549,900
      2,640 SF

      Versatile Commercial Property For Sale

      Two-building commercial property with rental potential and ample parking.
      1025 Tiogue Ave, Coventry, RI 02816
      View Details
    • New
      $1,450,000
      2.50 Acres

      Mixed-Use Commercial Property Available

      18,500 sq ft mixed-use property with vacant suites.
      1193 Tiogue Ave, Coventry, RI 02816
      View Details
    • 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
    • $900,000
      4,800 SF

      Coventry Mixed-Use Investment Opportunity

      Mixed-use property with residential units and retail space.
      466 Washington St, Coventry, RI 02816
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Commercial Land For Lease

      Commercial land available for lease, ideal for drive-thru business.
      495 Tiogue Ave, Coventry, RI 02816
      View Details
    • $15 SF/Yr
      1,200 SF

      Coventry Retail/Office Leasing Opportunity

      Versatile commercial space in Coventry, customizable for various business needs.
      87 Centre Of New England Blvd, Coventry, RI 02816
      View Details
    • $2,000 /Mo
      5,000 SF

      Versatile Commercial Units Available

      Clean, adaptable space for light industrial, storage, or small business.
      9 Gay St, Coventry, RI 02816
      View Details
    • $1,500 /Mo

      Coventry Commercial Garage Space Available

      Adaptable commercial garage space for storage, light industrial, trades.
      113 Tiogue Ave, Coventry, RI 02816
      View Details
    • $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
      4,400 SF

      Coventry Retail Space Available

      2000 sq ft commercial space in fully occupied strip mall.
      1020 Tiogue Ave, Coventry, RI 02816
      View Details
    View Listing
    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.
    656 Main St
    Coventry, RI 02816
    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

    Thank You for Inquiry
    656 Main St, Coventry, RI, 02816
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!