Comparable sales & offer analysis
Parcel RI-259420
Newport County, RI · 184 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$4,656,300
Adjusted value
$4,157,317
Value range
$2,998,382–$5,316,251
Comp $/acre
$22,601/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +12.0% versus the adjusted value.
Offer position
Max allowable offer
$2,375,609
Offer $/acre
$12,915/ac
Projected profit
$1,247,195
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-509551 | 202.3 | Jul 27, 2026 | $2,239,800 | 11,075 | 16,850 | 82 |
| RI-618895 | 125.8 | Oct 20, 2024 | $2,806,700 | 22,320 | 32,086 | 76 |
| RI-268002 | 65.8 | May 15, 2025 | $1,618,300 | 24,576 | 27,516 | 68 |
| RI-467614 | 49.7 | Jul 27, 2026 | $1,304,500 | 26,237 | 18,376 | 65 |
| RI-577533 | 46.9 | Jan 5, 2025 | $1,060,400 | 22,620 | 17,444 | 59 |
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.