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Newport County, RI · Sold

RI-259420

7975 County Road 164

$4,656,300
$25,314/ac · 184 ac
Acreage184 ac
Price per acre$25,314/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedFeb 22, 2025
Coordinates41.4442, -71.3606
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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

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

View Newport market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands5.2% of tract

Little to no mapped wetland coverage.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power21 ft away

Power at or near the road.

Buildable area165.66 of 183.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,130,775
$2,978,806$5,282,745 · $22,457/ac on 184 ac
Asking vs estimate
+12.7%
Priced above 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 $4,656,300
Maximum allowable offer
$2,360,443
$12,833/ac · +30.0% target margin

You need $2,295,857 off asking to hit this margin.

All-in cost$2,561,081
Net resale$3,800,313
Projected profit$1,239,233
ROI+48.4%
Annualized+69.2%
Break-even resale$15,134/ac
Profit if resale lands off target
-20%
$479,170
-10%
$859,201
0%
$1,239,233
+10%
$1,619,264
+20%
$1,999,295
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-509551
Landlocked · Power at road
202.3Jul 27, 2026$2,239,80011,07516,7579.5 mi
83
RI-618895
Landlocked · Power at road
125.8Oct 20, 2024$2,806,70022,32031,9202.3 mi
76
RI-268002
Dirt · Off grid
65.8May 15, 2025$1,618,30024,57627,3711.5 mi
69
RI-467614
Dirt · Full utilities
49.7Jul 27, 2026$1,304,50026,23718,2737.4 mi
67
RI-577533
Paved · Off grid
46.9Jan 5, 2025$1,060,40022,62017,3531.7 mi
59
Show adjustment detail for the top comp
  • Tract size (202.25 ac → 183.94 ac)+2.7%
  • Access (Landlocked → Gravel)+47.1%

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.