Comparable sales & offer analysis
Parcel RI-861008
Newport County, RI · 0.42 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$15,900
Adjusted value
$17,187
Value range
$14,260–$20,114
Comp $/acre
$40,922/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -7.5% versus the adjusted value.
Offer position
Max allowable offer
$9,821
Offer $/acre
$23,384/ac
Projected profit
$5,156
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-371146 | 0.5 | Jul 27, 2026 | $16,800 | 36,516 | 43,314 | 87 |
| RI-571107 | 0.5 | Aug 11, 2024 | $18,600 | 41,347 | 45,618 | 73 |
| RI-362407 | 1.1 | Jun 19, 2026 | $49,400 | 43,331 | 38,002 | 72 |
| RI-150199 | 0.3 | Sep 25, 2024 | $9,700 | 32,342 | 28,726 | 71 |
| RI-421939 | 0.8 | Nov 5, 2024 | $61,800 | 76,327 | 49,456 | 61 |
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.