Comparable sales & offer analysis
Parcel RI-362407
Newport County, RI · 1.14 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$50,200
Adjusted value
$56,048
Value range
$48,065–$64,031
Comp $/acre
$49,165/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.4% versus the adjusted value.
Offer position
Max allowable offer
$32,027
Offer $/acre
$28,094/ac
Projected profit
$16,814
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-972997 | 1.8 | Jul 27, 2026 | $80,000 | 45,713 | 53,903 | 82 |
| RI-383281 | 2.1 | Feb 17, 2026 | $50,700 | 23,590 | 35,966 | 73 |
| RI-421939 | 0.8 | Nov 5, 2024 | $61,800 | 76,327 | 57,078 | 70 |
| RI-371146 | 0.5 | Jul 27, 2026 | $16,800 | 36,516 | 49,989 | 69 |
| RI-861008 | 0.4 | Sep 11, 2025 | $15,800 | 37,668 | 45,409 | 67 |
| RI-571107 | 0.5 | Aug 11, 2024 | $18,600 | 41,347 | 52,648 | 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.