Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Narragansett Waterfront Land Opportunity Title is generated by Realmo AI

    121 Kenyon Farm Road, Narragansett, RI 02882

    View on Map
    Claim this Listing
    For Sale
    $3,600,000

    Buildable homesite with water views and dock access.

    Type:Land
    Property size:
    169,013 SF
    Lot size:
    3.88 Acres
    Price / SF:
    $21/SF
    Added:
    May 15, 2026
    Days on Market:
    17
    Last Refresh:
    May 16 at 3:04 am

    Property Features for 121 Kenyon Farm Road

    General Information

    Standard status
    Active
    Size
    169,013 SF
    Lot size
    3.88 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Dan Harding

    Listing agent Dan Harding License #RES.0032455

    Listing office Lila Delman Real Estate

    Listing date May 15, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lila Delman Real Estate

    HighLights

    • New coastal community with private dock and ocean access.
    • Hilltop location boasts 180‑degree sunset views.
    • Exclusive, private enclave with lush vegetation and waterfront.
    • Private community amenities include a boat launch, kayak racks, golf cart parking, and sandy beach.
    • One‑of‑a‑kind lifestyle on an approved buildable homesite.
    • Located in a low‑key, private area of Narragansett.

    Overview

    Located in Cedar Point, Narragansett, this property is part of a new coastal community on Point Judith Pond. Lot #1 is situated on a hill, offering sunset and 180-degree views, with a dock nearby. This private enclave provides a retreat surrounded by vegetation and salt waters. The property is one of five approved buildable homesites, suitable for those seeking a private estate. Each residence includes a dock slip with ocean access and access to a private community boat launch, kayak racks, golf cart parking, a sandy beach, and white shell/stone roadways. This upscale neighborhood offers water views and privacy on a waterfront estate plot. The property size is 169013 square feet.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Shopping Center & Mall Coworking & Hybrid Office Pet Grooming Service Catering Service Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Narragansett
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4775
    Latitude
    41.4075

    Nearby Similar for Sale

    • $999,900
      1,728 SF

      Renovated Duplex in Narragansett Pier

      Updated duplex near the ocean with investment potential.
      194 S Pier Road, Narragansett, RI 02882
      View Details
    • $5,000
      3,200 SF

      Restaurant/Bar Opportunity Near Scarborough Beach

      Fully built-out restaurant and bar near Scarborough State Beach.
      1 Angell Road, Narragansett, RI 02882
      View Details
    • $7,500,000
      25,522 SF

      Narragansett Medical Office Redevelopment Opportunity

      25,222 sq ft medical office building on 2.6 acres.
      360 Kingstown Road, Narragansett, RI 02882
      View Details
    • $1,495,000
      2,358 SF

      Narragansett Duplex with Water Views

      Coastal duplex in Narragansett, walking distance to the ocean.
      6 MacAlder Street, Narragansett, RI 02882
      View Details
    • $5,995,000

      Mixed-Use Coastal Property For Sale

      Rare mixed-use property with ocean views and multiple income streams.
      1 Angell Road, Narragansett, RI 02882
      View Details
    • $3,000
      1,200 SF

      Turnkey Takeout Concept Near Beach

      Seasonal takeout restaurant opportunity near Scarborough State Beach.
      1 Angell Road, Narragansett, RI 02882
      View Details
    • $115,000

      Narragansett Medical Building Office Space

      Professional office space in a highly visible Narragansett location.
      360 Kingstown Road, Narragansett, RI 02882
      View Details
    • $4,695,000

      Waterfront Land with Panoramic Bay Views

      Rare coastal land offering unmatched waterfront views in Narragansett.
      BOSTON NECK Road, Narragansett, RI 02882
      View Details
    • $800,000

      Waterfront Land with Private Dock

      Waterfront land with private dock in Narragansett, Rhode Island.
      Barnacle Road, Narragansett, RI 02882
      View Details
    • $1,175,000

      Water View Home Opportunity

      Updated home with rental history and expansion potential.
      26 Richard Smith Road, Narragansett, RI 02882
      View Details
    • $499,900

      Versatile Condo Near Beach Access

      First-floor flex condo near beach, suitable for various uses.
      236 Sand Hill Cove Road, Narragansett, RI 02882
      View Details
    • $350,000
      1,800 SF

      Turnkey Pizza Business Opportunity

      Established pizza business for sale in Narragansett, Rhode Island.
      909 BOSTON NECK Road, Narragansett, RI 02882
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Buildable homesite with water views and dock access.
    Where is this waterfront land located?
    The property is located at 121 Kenyon Farm Road Narragansett, RI.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: New coastal community with private dock and ocean access.; Hilltop location boasts **180‑degree sunset views**.; Exclusive, private enclave with lush vegetation and waterfront.
    (401) 954-1850
    We can help!
    Listing Contact
    Dan Harding
    Real Estate License ID: RES.0032455
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Kenyon Farm Road, Narragansett, RI 02882
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!