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Providence County, RI · Sold

RI-989355

1438 County Road 116

$2,819,800
$16,069/ac · 175 ac
Acreage175 ac
Price per acre$16,069/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedJun 1, 2024
Coordinates41.8739, -71.4816
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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

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands1.5% of tract

Little to no mapped wetland coverage.

Average slope19.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,209 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area138.28 of 175.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,766,178
$2,003,549$3,528,808 · $15,763/ac on 175 ac
Asking vs estimate
+1.9%
In line with 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 $2,819,800
Maximum allowable offer
$1,580,673
$9,008/ac · +30.0% target margin

You need $1,239,127 off asking to hit this margin.

All-in cost$1,715,030
Net resale$2,544,884
Projected profit$829,854
ROI+48.4%
Annualized+69.2%
Break-even resale$10,623/ac
Profit if resale lands off target
-20%
$320,877
-10%
$575,365
0%
$829,854
+10%
$1,084,342
+20%
$1,338,830
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-398668
Paved · Off grid
106.7Oct 17, 2025$1,127,50010,56911,6766.9 mi
74
RI-438457
Paved · Power at road
91.6Jun 4, 2025$2,294,60025,06223,0076.5 mi
65
RI-178726
Gravel · Off grid
111.3Oct 17, 2023$945,0008,49412,1007.1 mi
65
RI-387966
Paved · Off grid
64.2May 17, 2025$914,30014,25014,2118.6 mi
60
RI-697427
Paved · Power at road
43.4Nov 2, 2025$1,042,40024,00818,4467.5 mi
60
Show adjustment detail for the top comp
  • Tract size (106.68 ac → 175.48 ac)-12.2%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (10 mo)+3.5%

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.