Comparable sales & offer analysis
Parcel RI-509551
Newport County, RI · 202 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,499,800
Adjusted value
$3,287,203
Value range
$2,536,957–$4,037,448
Comp $/acre
$16,253/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.0% versus the adjusted value.
Offer position
Max allowable offer
$1,878,401
Offer $/acre
$9,288/ac
Projected profit
$986,161
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-259420 | 183.9 | Apr 1, 2025 | $4,572,500 | 24,859 | 17,508 | 73 |
| RI-618895 | 125.8 | Oct 20, 2024 | $2,806,700 | 22,320 | 21,252 | 69 |
| RI-467614 | 49.7 | Jul 27, 2026 | $1,304,500 | 26,237 | 12,171 | 68 |
| RI-577533 | 46.9 | Jan 5, 2025 | $1,060,400 | 22,620 | 11,554 | 58 |
| RI-268002 | 65.8 | May 15, 2025 | $1,618,300 | 24,576 | 18,226 | 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.