← New search
Newport County, RI · Sold

RI-362407

9370 County Road 391

$50,200
$44,035/ac · 1.14 ac
Acreage1.14 ac
Price per acre$44,035/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedApr 16, 2025
Coordinates41.5357, -71.2069
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

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

View Newport market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands44.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

139 ft of deeded road frontage.

Power242 ft away

Power at or near the road.

Buildable area0.60 of 1.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$55,735
$47,794$63,677 · $48,891/ac on 1.14 ac
Asking vs estimate
-9.9%
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 $50,200
Maximum allowable offer
$31,849
$27,938/ac · +30.0% target margin

You need $18,351 off asking to hit this margin.

All-in cost$34,556
Net resale$51,277
Projected profit$16,720
ROI+48.4%
Annualized+69.2%
Break-even resale$32,948/ac
Profit if resale lands off target
-20%
$6,465
-10%
$11,593
0%
$16,720
+10%
$21,848
+20%
$26,976
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-972997
Dirt · Power at road
1.8Jul 27, 2026$80,00045,71353,6038.2 mi
83
RI-383281
Landlocked · Power at road
2.1Feb 17, 2026$50,70023,59035,7703.9 mi
74
RI-421939
Paved · Full utilities
0.8Nov 5, 2024$61,80076,32756,7821.8 mi
71
RI-371146
Dirt · Off grid
0.5Jul 27, 2026$16,80036,51649,7118.4 mi
70
RI-861008
Dirt · Power at road
0.4Sep 11, 2025$15,80037,66845,1659.7 mi
68
RI-571107
Gravel · Off grid
0.5Aug 11, 2024$18,60041,34752,3777.3 mi
62
Show adjustment detail for the top comp
  • Tract size (1.75 ac → 1.14 ac)+0.6%
  • Access (Dirt → Gravel)+16.3%

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.