Comparable sales & offer analysis
Parcel RI-120797
Kent County, RI · 0.36 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$12,300
Adjusted value
$18,079
Value range
$16,469–$19,688
Comp $/acre
$50,219/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -32.0% versus the adjusted value.
Offer position
Max allowable offer
$10,331
Offer $/acre
$28,697/ac
Projected profit
$5,424
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| RI-882916 | 1.6 | Jul 27, 2026 | $75,400 | 45,669 | 46,643 | 76 |
| RI-960224 | 0.3 | Feb 24, 2025 | $10,100 | 33,821 | 43,885 | 71 |
| RI-162622 | 1.3 | May 31, 2026 | $67,600 | 50,469 | 53,471 | 65 |
| RI-672911 | 1.6 | Jun 25, 2025 | $75,100 | 45,541 | 48,622 | 62 |
| RI-812120 | 0.9 | Mar 25, 2024 | $27,900 | 30,050 | 55,805 | 60 |
| RI-872527 | 1.3 | Jan 16, 2024 | $42,600 | 34,063 | 54,973 | 58 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.