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Herkimer County, NY · Sold

NY-769380

7877 County Road 11

$1,166,800
$2,374/ac · 491 ac
Acreage491 ac
Price per acre$2,374/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedNov 21, 2023
Coordinates43.4893, -74.8831
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
8
Low risk
Wetlands0.2% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,281 ft of deeded road frontage.

Power13,144 ft away

A long utility run — price in solar/off-grid instead.

Buildable area465.90 of 491.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$861,607
$723,803$999,411 · $1,753/ac on 491 ac
Asking vs estimate
+35.4%
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 $1,166,800
Maximum allowable offer
$492,347
$1,002/ac · +30.0% target margin

You need $674,453 off asking to hit this margin.

All-in cost$534,196
Net resale$792,679
Projected profit$258,482
ROI+48.4%
Annualized+69.2%
Break-even resale$1,182/ac
Profit if resale lands off target
-20%
$99,946
-10%
$179,214
0%
$258,482
+10%
$337,750
+20%
$417,018
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-209047
Gravel · Power at road
386.1Mar 30, 2026$1,119,1002,8992,3292.7 mi
83
NY-889307
Gravel · Full utilities
466.1Apr 20, 2025$1,037,8002,2271,6125.9 mi
78
NY-129388
Gravel · Power at road
494.3May 21, 2024$1,024,2002,0721,93010.1 mi
77
NY-919831
Landlocked · Full utilities
681.3Apr 12, 2026$958,4001,4071,61512.9 mi
73
NY-448552
Dirt · Off grid
269.7Oct 16, 2025$413,5001,5331,5453.7 mi
72
NY-848193
Gravel · Off grid
208.0Feb 11, 2025$414,9001,9951,6511.1 mi
70
NY-988210
Dirt · Power at road
210.5Jul 27, 2026$572,4002,7192,10311.0 mi
70
NY-498303
Gravel · Off grid
225.2Jan 8, 2026$472,9002,1001,71312.1 mi
70
NY-537705
Paved · Power at road
146.0Jul 27, 2026$396,7002,7171,38611.4 mi
70
NY-848352
Paved · Off grid
233.3Nov 1, 2025$514,6002,2051,5526.4 mi
69
Show adjustment detail for the top comp
  • Tract size (386.07 ac → 491.4 ac)-7.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (5 mo)+1.6%

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.