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Kent County, RI · Sold

RI-779599

3864 County Road 371

$2,636,300
$12,589/ac · 209 ac
Acreage209 ac
Price per acre$12,589/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedJun 19, 2024
Coordinates41.7452, -71.5414
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Kent County, Rhode Island. Almost no raw land market; subdivided lots only.

View Kent market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands11.5% of tract

Little to no mapped wetland coverage.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,786 ft of deeded road frontage.

Power12,654 ft away

A long utility run — price in solar/off-grid instead.

Buildable area176.06 of 209.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,004,562
$2,277,270$3,731,853 · $14,348/ac on 209 ac
Asking vs estimate
-12.3%
Priced below the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $2,636,300
Maximum allowable offer
$1,716,892
$8,199/ac · +30.0% target margin

You need $919,408 off asking to hit this margin.

All-in cost$1,862,828
Net resale$2,764,197
Projected profit$901,369
ROI+48.4%
Annualized+69.2%
Break-even resale$9,669/ac
Profit if resale lands off target
-20%
$348,530
-10%
$624,949
0%
$901,369
+10%
$1,177,789
+20%
$1,454,208
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-249097
Dirt · Off grid
145.6Mar 28, 2026$1,725,70011,85510,9085.6 mi
80
RI-158047
Gravel · Off grid
68.0Jul 27, 2026$1,453,30021,36313,8363.5 mi
73
RI-558657
Dirt · Full utilities
105.8Oct 24, 2024$3,372,50031,86419,9265.2 mi
66
RI-208829
Gravel · Power at road
119.9Jul 18, 2024$1,745,90014,5639,9647.5 mi
63
RI-127390
Gravel · Power at road
42.3Apr 18, 2025$1,373,80032,50117,0978.3 mi
55
RI-667526
Dirt · Power at road
46.6Jul 1, 2024$1,133,30024,29315,6228.5 mi
55
Show adjustment detail for the top comp
  • Tract size (145.57 ac → 209.41 ac)-9.4%
  • Market time (5 mo)+1.6%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.