Providence County, RI · Sold

RI-476836

4836 County Road 238

$961,700

$33,982/ac · 28.30 ac

Offer report Market this tract

Acreage28.30 ac

Price per acre$33,982/ac

ZoningRecreational

Road accessPaved

UtilitiesFull utilities

TopographyMixed

ListedMar 18, 2026

Coordinates41.7971, -71.5802

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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

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

View Providence market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands1.9% of tract

Little to no mapped wetland coverage.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area26.37 of 28.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$893,284

$730,598 – $1,055,969 · $31,565/ac on 28.30 ac

Asking vs estimate

+7.7%

Priced above the comp set

Weighted from 7 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 $961,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$510,448

$18,037/ac · +30.0% target margin

You need $451,252 off asking to hit this margin.

All-in cost$553,836

Net resale$821,821

Projected profit$267,985

ROI+48.4%

Annualized+69.2%

Break-even resale$21,272/ac

Profit if resale lands off target

-20%

$103,621

-10%

$185,803

$267,985

+10%

$350,167

+20%

$432,349

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
RI-266620 Gravel · Power at road	24.2	Jul 27, 2026	$422,400	17,453	24,600	4.0 mi	84
RI-697427 Paved · Power at road	43.4	Nov 2, 2025	$1,042,400	24,008	32,572	8.8 mi	77
RI-387966 Paved · Off grid	64.2	May 17, 2025	$914,300	14,250	25,093	2.5 mi	68
RI-438457 Paved · Power at road	91.6	Jun 4, 2025	$2,294,600	25,062	40,627	1.8 mi	66
RI-865450 Gravel · Power at road	10.4	Jun 28, 2025	$219,700	21,188	28,407	1.4 mi	65
RI-705131 Gravel · Off grid	8.2	Jan 28, 2026	$195,600	23,766	35,974	11.0 mi	61
RI-525489 Gravel · Power at road	10.7	Nov 14, 2024	$284,700	26,712	36,787	10.4 mi	57

Show adjustment detail for the top comp

Tract size (24.2 ac → 28.3 ac)-2.3%
Access (Gravel → Paved)+18.0%
Utilities (Power at road → Full utilities)+22.0%

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