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Herkimer County, NY · Sold

NY-848193

5477 County Road 178

$395,900
$1,904/ac · 208 ac
Acreage208 ac
Price per acre$1,904/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedSep 23, 2024
Coordinates43.5011, -74.8967
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

5 items to verify before you offer.

Risk index
43
Moderate risk
Wetlands31.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,534 ft away

Service extension needed; get a utility quote.

Buildable area135.92 of 207.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$477,233
$397,481$556,984 · $2,295/ac on 208 ac
Asking vs estimate
-17.0%
Priced below 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 $395,900
Maximum allowable offer
$272,704
$1,311/ac · +30.0% target margin

You need $123,196 off asking to hit this margin.

All-in cost$295,884
Net resale$439,054
Projected profit$143,170
ROI+48.4%
Annualized+69.3%
Break-even resale$1,547/ac
Profit if resale lands off target
-20%
$55,359
-10%
$99,265
0%
$143,170
+10%
$187,076
+20%
$230,981
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-498303
Gravel · Off grid
225.2Jan 8, 2026$472,9002,1002,20111.7 mi
85
NY-988210
Dirt · Power at road
210.5Jul 27, 2026$572,4002,7192,70210.3 mi
83
NY-848352
Paved · Off grid
233.3Nov 1, 2025$514,6002,2051,9947.3 mi
78
NY-448552
Dirt · Off grid
269.7Oct 16, 2025$413,5001,5331,9863.5 mi
78
NY-209047
Gravel · Power at road
386.1Mar 30, 2026$1,119,1002,8992,9932.9 mi
77
NY-537705
Paved · Power at road
146.0Jul 27, 2026$396,7002,7171,78111.0 mi
77
NY-426925
Gravel · Off grid
83.0Jun 30, 2026$289,6003,4892,7647.4 mi
75
NY-889307
Gravel · Full utilities
466.1Apr 20, 2025$1,037,8002,2272,0715.2 mi
72
NY-647203
Landlocked · Power at road
101.5Jul 27, 2026$199,0001,9602,03111.8 mi
70
NY-187526
Dirt · Off grid
128.3Oct 6, 2024$279,1002,1762,3943.0 mi
69
Show adjustment detail for the top comp
  • Tract size (225.21 ac → 207.96 ac)+2.3%
  • Market time (7 mo)+2.5%

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.