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Providence County, RI · Sold

RI-398668

8908 County Road 390

$1,090,400
$10,221/ac · 107 ac
Acreage107 ac
Price per acre$10,221/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedMay 22, 2025
Coordinates41.7951, -71.5631
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

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
14
Low risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope11.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,146 ft of deeded road frontage.

Power5,094 ft away

A long utility run — price in solar/off-grid instead.

Buildable area98.61 of 106.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,654,967
$1,260,232$2,049,703 · $15,513/ac on 107 ac
Asking vs estimate
-34.1%
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 $1,090,400
Maximum allowable offer
$945,696
$8,865/ac · +30.0% target margin

You need $144,704 off asking to hit this margin.

All-in cost$1,026,080
Net resale$1,522,570
Projected profit$496,490
ROI+48.4%
Annualized+69.2%
Break-even resale$10,455/ac
Profit if resale lands off target
-20%
$191,976
-10%
$344,233
0%
$496,490
+10%
$648,747
+20%
$801,004
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
RI-438457
Paved · Power at road
91.6Jun 4, 2025$2,294,60025,06221,5510.9 mi
80
RI-387966
Paved · Off grid
64.2May 17, 2025$914,30014,25013,3113.4 mi
74
RI-989355
Gravel · Full utilities
175.5Aug 5, 2025$2,447,60013,94813,6306.9 mi
73
RI-178726
Gravel · Off grid
111.3Oct 17, 2023$945,0008,49411,3347.2 mi
72
RI-697427
Paved · Power at road
43.4Nov 2, 2025$1,042,40024,00817,2789.1 mi
66
Show adjustment detail for the top comp
  • Tract size (91.56 ac → 106.68 ac)-3.7%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (14 mo)+5.0%

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.