Kent County, RI · Sold

RI-494429

659 County Road 294

$182,700

$36,909/ac · 4.95 ac

Offer report Market this tract

Acreage4.95 ac

Price per acre$36,909/ac

ZoningAgricultural

Road accessGravel

UtilitiesPower at road

TopographyMixed

ListedDec 6, 2024

Coordinates41.6690, -71.6697

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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

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands6.5% of tract

Little to no mapped wetland coverage.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

288 ft of deeded road frontage.

Power191 ft away

Power at or near the road.

Buildable area4.40 of 4.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$168,669

$133,929 – $203,409 · $34,075/ac on 4.95 ac

Asking vs estimate

+8.3%

Priced above the comp set

Weighted from 10 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 $182,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$96,382

$19,471/ac · +30.0% target margin

You need $86,318 off asking to hit this margin.

All-in cost$104,574

Net resale$155,175

Projected profit$50,601

ROI+48.4%

Annualized+69.3%

Break-even resale$22,963/ac

Profit if resale lands off target

-20%

$19,566

-10%

$35,083

$50,601

+10%

$66,118

+20%

$81,636

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
RI-324329 Landlocked · Power at road	4.6	May 26, 2025	$79,300	17,245	26,577	3.1 mi	84
RI-664148 Gravel · Full utilities	4.0	Jun 24, 2025	$131,300	32,509	27,692	6.6 mi	76
RI-734210 Landlocked · Full utilities	4.2	Sep 2, 2025	$101,000	23,933	29,800	7.0 mi	75
RI-584123 Dirt · Full utilities	4.0	Jun 1, 2025	$181,200	45,767	45,413	2.3 mi	75
RI-984694 Paved · Power at road	6.0	Jun 9, 2024	$200,600	33,428	31,223	2.5 mi	73
RI-882916 Gravel · Full utilities	1.6	Jul 27, 2026	$75,400	45,669	36,344	6.0 mi	72
RI-866011 Gravel · Full utilities	15.6	Mar 10, 2026	$693,500	44,544	40,471	6.5 mi	68
RI-955813 Landlocked · Full utilities	13.5	Sep 18, 2024	$236,500	17,533	24,482	4.1 mi	64
RI-672911 Gravel · Full utilities	1.6	Jun 25, 2025	$75,100	45,541	37,896	10.1 mi	61
RI-385651 Dirt · Power at road	12.0	Sep 24, 2024	$393,400	32,808	43,671	8.6 mi	60

Show adjustment detail for the top comp

Access (Landlocked → Gravel)+47.1%
Market time (15 mo)+5.1%

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.

Build the listing kit Post a deal or JV