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Erie County, NY · Sold

NY-309442

5790 County Road 148

$1,888,900
$3,675/ac · 514 ac
Acreage514 ac
Price per acre$3,675/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedDec 30, 2024
Coordinates42.7314, -78.7081
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Erie County, New York. Upstate and Southern Tier acreage well below downstate expectations.

View Erie market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope29.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power101 ft away

Power at or near the road.

Buildable area308.07 of 513.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,525,461
$1,185,742$1,865,179 · $2,968/ac on 514 ac
Asking vs estimate
+23.8%
Priced above the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $1,888,900
Maximum allowable offer
$871,692
$1,696/ac · +30.0% target margin

You need $1,017,208 off asking to hit this margin.

All-in cost$945,786
Net resale$1,403,424
Projected profit$457,638
ROI+48.4%
Annualized+69.2%
Break-even resale$2,000/ac
Profit if resale lands off target
-20%
$176,953
-10%
$317,296
0%
$457,638
+10%
$597,980
+20%
$738,323
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-149753
Dirt · Power at road
643.9Mar 1, 2026$1,278,9001,9862,5218.0 mi
83
NY-329703
Landlocked · Power at road
620.9Dec 27, 2025$772,2001,2441,9898.0 mi
78
NY-248128
Gravel · Off grid
198.4Oct 26, 2025$663,4003,3443,0801.4 mi
70
NY-267812
Gravel · Off grid
157.8Jul 27, 2026$680,9004,3153,6209.6 mi
69
NY-828640
Gravel · Power at road
287.5Sep 17, 2024$1,254,6004,3643,9686.2 mi
68
NY-218818
Paved · Off grid
327.1Aug 19, 2025$1,028,5003,1452,8549.2 mi
68
Show adjustment detail for the top comp
  • Tract size (643.85 ac → 513.97 ac)+7.1%
  • Access (Dirt → Gravel)+16.3%
  • Market time (5 mo)+1.9%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.