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Financial
Distress signals
Property profile

87 Centre Of New England Blvd Coventry, RI 02816

FOR LEASE
Showrooms
Property ID
US76-0159605
12,000 SF 1.84 ac lot Built 2007
Last sale Feb 2023 · $1,690,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 87 Centre of New England Blvd, Coventry, RI 02816 is an 8,836-square-foot commercial building configured for potential use as office, retail, or warehouse space. The layout includes a prominent 20-by-60-foot unit with a brick-and-glass storefront-style entrance and roof overhang, with interior ceiling heights of approximately 18 to 20 feet. At the rear, the building has 10-by-14-foot overhead doors to support loading or warehouse access. Electrical service includes 200-amp,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$31k
Tax billed · 2024
Assessed value$1.38M
Assessed land$440k
Assessed improvement$940k
Effective rate2.23%

Value estimate

· Oct 2026
$2.24M
$2.01M – $2.46M
AI approach$2.20M
CAP approach$2.28M
Submarket $/SF estimate$1.99M
NOI build-up
Gross scheduled income$228k
Vacancy & credit loss−$6k
Operating expenses−$66k
NOI · 1,034,153.33% cap applied$155k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$114 – $382
Qualifying comparables10

Cap rate analysis

How does the asset earn?
1,034,153.33%
$155k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
1200
JurisdictionCOVENTRY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.5
Restaurant18.9
Building Supply14.2

Location

87 Centre Of New England Blvd Coventry, RI 02816
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
599 Tiogue, Coventry, RI 02816-5571 $90,000 Feb 2026 3,744 SF
51 Laurel, Coventry, RI 02816-5329 $4,800,000 Dec 2024 10,215 SF
395 Knotty Oak, Coventry, RI 02816-8289 $240,000 Dec 2024 5,140 SF
31 Reservoir, Coventry, RI 02816-6402 $305,000 May 2024 15,000 SF
91 Old Flt Riv, Coventry, RI 02816-5123 $485,000 Dec 2023 10,124 SF
495 Washington, Coventry, RI 02816-5468 $2,609,895 Jun 2023 10,792 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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