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Kent County, RI · Sold

RI-208829

7960 County Road 376

$2,098,400
$17,504/ac · 120 ac
Acreage120 ac
Price per acre$17,504/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedSep 29, 2023
Coordinates41.6733, -71.6494
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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

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power216 ft away

Power at or near the road.

Buildable area96.23 of 119.88 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,864,387
$2,302,700$3,426,074 · $23,894/ac on 120 ac
Asking vs estimate
-26.7%
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 $2,098,400
Maximum allowable offer
$1,636,793
$13,654/ac · +30.0% target margin

You need $461,607 off asking to hit this margin.

All-in cost$1,775,920
Net resale$2,635,236
Projected profit$859,316
ROI+48.4%
Annualized+69.2%
Break-even resale$16,102/ac
Profit if resale lands off target
-20%
$332,269
-10%
$595,792
0%
$859,316
+10%
$1,122,839
+20%
$1,386,363
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-249097
Dirt · Off grid
145.6Mar 28, 2026$1,725,70011,85517,3352.7 mi
81
RI-158047
Gravel · Off grid
68.0Jul 27, 2026$1,453,30021,36321,9884.5 mi
79
RI-558657
Dirt · Full utilities
105.8Oct 24, 2024$3,372,50031,86431,6662.9 mi
74
RI-127390
Gravel · Power at road
42.3Apr 18, 2025$1,373,80032,50127,1703.2 mi
67
RI-779599
Dirt · Off grid
209.4Feb 17, 2025$2,633,70012,57721,2387.5 mi
65
RI-667526
Dirt · Power at road
46.6Jul 1, 2024$1,133,30024,29324,8261.1 mi
64
Show adjustment detail for the top comp
  • Tract size (145.57 ac → 119.88 ac)+5.2%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • 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.