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Herkimer County, NY · Sold

NY-498303

8646 County Road 400

$533,100
$2,367/ac · 225 ac
Acreage225 ac
Price per acre$2,367/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedFeb 6, 2025
Coordinates43.6480, -74.7798
Loading terrain…
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

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

View Herkimer market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
6
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,974 ft of deeded road frontage.

Power3,246 ft away

Service extension needed; get a utility quote.

Buildable area208.60 of 225.21 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$495,917
$410,399$581,436 · $2,202/ac on 225 ac
Asking vs estimate
+7.5%
Priced above the comp set

Weighted from 10 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 $533,100
Maximum allowable offer
$283,381
$1,258/ac · +30.0% target margin

You need $249,719 off asking to hit this margin.

All-in cost$307,468
Net resale$456,244
Projected profit$148,776
ROI+48.4%
Annualized+69.3%
Break-even resale$1,484/ac
Profit if resale lands off target
-20%
$57,527
-10%
$103,151
0%
$148,776
+10%
$194,400
+20%
$240,024
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-988210
Dirt · Power at road
210.5Jul 27, 2026$572,4002,7192,6423.5 mi
86
NY-537705
Paved · Power at road
146.0Jul 27, 2026$396,7002,7171,7410.7 mi
81
NY-848193
Gravel · Off grid
208.0Feb 11, 2025$414,9001,9952,07511.7 mi
80
NY-848352
Paved · Off grid
233.3Nov 1, 2025$514,6002,2051,95012.1 mi
77
NY-448552
Dirt · Off grid
269.7Oct 16, 2025$413,5001,5331,9428.5 mi
76
NY-647203
Landlocked · Power at road
101.5Jul 27, 2026$199,0001,9601,9862.0 mi
75
NY-209047
Gravel · Power at road
386.1Mar 30, 2026$1,119,1002,8992,9279.8 mi
73
NY-426925
Gravel · Off grid
83.0Jun 30, 2026$289,6003,4892,7039.5 mi
72
NY-889307
Gravel · Full utilities
466.1Apr 20, 2025$1,037,8002,2272,0267.2 mi
71
NY-919831
Landlocked · Full utilities
681.3Apr 12, 2026$958,4001,4072,0308.5 mi
69
Show adjustment detail for the top comp
  • Tract size (210.54 ac → 225.21 ac)-1.9%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%

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.