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Newport County, RI · Sold

RI-325258

9257 County Road 323

$480,700
$53,293/ac · 9.02 ac
Acreage9.02 ac
Price per acre$53,293/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyWooded
ListedNov 12, 2023
Coordinates41.4629, -71.2163
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

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

447 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area8.23 of 9.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$597,595
$496,357$698,832 · $66,252/ac on 9.02 ac
Asking vs estimate
-19.6%
Priced below the comp set

Weighted from 5 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 $480,700
Maximum allowable offer
$341,483
$37,858/ac · +30.0% target margin

You need $139,217 off asking to hit this margin.

All-in cost$370,509
Net resale$549,787
Projected profit$179,278
ROI+48.4%
Annualized+69.2%
Break-even resale$44,648/ac
Profit if resale lands off target
-20%
$69,321
-10%
$124,299
0%
$179,278
+10%
$234,257
+20%
$289,235
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-805285
Paved · Full utilities
9.2Jul 27, 2026$678,20073,72273,9934.4 mi
91
RI-644907
Gravel · Off grid
7.0Jul 27, 2026$342,80048,96981,7182.5 mi
84
RI-924823
Landlocked · Power at road
6.6Jul 27, 2026$187,90028,55559,3477.8 mi
83
RI-825259
Landlocked · Power at road
9.0Oct 23, 2025$204,60022,66249,6176.9 mi
79
RI-734904
Gravel · Power at road
7.0Sep 19, 2024$295,40042,31664,6732.7 mi
71
Show adjustment detail for the top comp

    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.