Providence County, RI · Sold

RI-134939

2289 County Road 187

$62,100

$8,673/ac · 7.16 ac

Offer report Market this tract

Acreage7.16 ac

Price per acre$8,673/ac

ZoningAgricultural

Road accessLandlocked

UtilitiesOff grid

TopographyMixed

ListedJun 2, 2026

Coordinates41.8218, -71.5417

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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

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands15.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,462 ft away

Service extension needed; get a utility quote.

Buildable area5.72 of 7.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$92,497

$71,093 – $113,900 · $12,919/ac on 7.16 ac

Asking vs estimate

-32.9%

Priced below 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 $62,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$52,855

$7,382/ac · +30.0% target margin

You need $9,245 off asking to hit this margin.

All-in cost$57,348

Net resale$85,097

Projected profit$27,749

ROI+48.4%

Annualized+69.3%

Break-even resale$8,706/ac

Profit if resale lands off target

-20%

$10,730

-10%

$19,239

$27,749

+10%

$36,259

+20%

$44,768

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
RI-705131 Gravel · Off grid	8.2	Jan 28, 2026	$195,600	23,766	16,682	10.6 mi	77
RI-154508 Dirt · Off grid	5.2	Aug 4, 2025	$68,100	12,989	10,535	3.0 mi	76
RI-214372 Gravel · Power at road	4.8	Jun 3, 2026	$111,900	23,549	13,434	6.8 mi	76
RI-865450 Gravel · Power at road	10.4	Jun 28, 2025	$219,700	21,188	13,174	1.4 mi	73
RI-266620 Gravel · Power at road	24.2	Jul 27, 2026	$422,400	17,453	11,408	6.2 mi	69
RI-463250 Landlocked · Off grid	2.1	Aug 17, 2025	$16,800	7,947	7,901	4.5 mi	66
RI-525489 Gravel · Power at road	10.7	Nov 14, 2024	$284,700	26,712	17,060	9.3 mi	65

Show adjustment detail for the top comp

Tract size (8.23 ac → 7.16 ac)+0.9%
Access (Gravel → Landlocked)-32.0%
Market time (7 mo)+2.3%

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.

Build the listing kit Post a deal or JV