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Herkimer County, NY · Sold

NY-647203

8311 County Road 223

$187,900
$1,851/ac · 102 ac
Acreage102 ac
Price per acre$1,851/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedMay 6, 2026
Coordinates43.6611, -74.8157
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

3 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope18.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power145 ft away

Power at or near the road.

Buildable area80.23 of 101.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$237,652
$190,518$284,786 · $2,341/ac on 102 ac
Asking vs estimate
-20.9%
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 $187,900
Maximum allowable offer
$135,801
$1,338/ac · +30.0% target margin

You need $52,099 off asking to hit this margin.

All-in cost$147,344
Net resale$218,640
Projected profit$71,296
ROI+48.4%
Annualized+69.2%
Break-even resale$1,578/ac
Profit if resale lands off target
-20%
$27,568
-10%
$49,432
0%
$71,296
+10%
$93,159
+20%
$115,023
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NY-537705
Paved · Power at road
146.0Jul 27, 2026$396,7002,7171,7222.1 mi
88
NY-988210
Dirt · Power at road
210.5Jul 27, 2026$572,4002,7192,6142.0 mi
78
NY-426925
Gravel · Off grid
83.0Jun 30, 2026$289,6003,4892,67310.8 mi
78
NY-498303
Gravel · Off grid
225.2Jan 8, 2026$472,9002,1002,1292.0 mi
70
NY-296073
Gravel · Power at road
44.8Jul 27, 2026$257,1005,7423,26613.3 mi
70
NY-187526
Dirt · Off grid
128.3Oct 6, 2024$279,1002,1762,31511.8 mi
66
NY-996588
Gravel · Off grid
65.0Oct 12, 2024$233,4003,5902,78910.8 mi
63
NY-848352
Paved · Off grid
233.3Nov 1, 2025$514,6002,2051,92913.2 mi
63
NY-448552
Dirt · Off grid
269.7Oct 16, 2025$413,5001,5331,9218.8 mi
62
NY-848193
Gravel · Off grid
208.0Feb 11, 2025$414,9001,9952,05211.8 mi
60
Show adjustment detail for the top comp
  • Tract size (146.03 ac → 101.51 ac)+9.8%
  • Access (Paved → Landlocked)-42.4%

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.