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    202 Lapham Farm Rd Burrillville, RI 02859

    • Retirement homes
    • 1 SF
    • 28.50 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 202 Lapham Farm Rd

    Lot size
    28.50 lot acres
    Property size
    1 SF
    Property type
    Retirement homes
    Property subtype
    Land

    Description

    This exceptional 28.5-acre development opportunity in Burrillville, Rhode Island, presents a fully approved plan for a 22-unit multifamily project known as "Lapham Farm Village." The property, located at 202 Lapham Farm Rd, 02859, is zoned R-40, allowing for residential development. The approved plan includes eleven lots featuring duplex buildings for a total of twenty-two units. Infrastructure is largely complete, encompassing a paved roadway with a critter crossing culvert, a fire cistern, and stormwater management structures. On-site wastewater treatment systems (OWTS) and private wells are also approved. Furthermore, the project has received all necessary approvals, including a Rhode Island Department of Environmental Management (RIDEM) approved wetland crossing. Completed condominium documents are available. This shovel-ready project offers a unique opportunity for immediate development, with an affordable housing component available upon request. The property's location in Providence County provides convenient access to local amenities and transportation routes.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burrillville
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.6836
    Latitude
    41.9492

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    202 Lapham Farm Rd
    Burrillville, RI 02859
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    Realmo Value Estimation

    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.

    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.

    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
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