Kent County, DE · Sold

DE-194981

9338 County Road 131

$174,000

$18,852/ac · 9.23 ac

Offer report Market this tract

Acreage9.23 ac

Price per acre$18,852/ac

ZoningResidential

Road accessLandlocked

UtilitiesPower at road

TopographyWooded

ListedAug 12, 2024

Coordinates39.0224, -75.5032

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County GIS boundary

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County market

Kent County, Delaware. Small coastal-adjacent tracts with strong residential conversion demand.

View Kent market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Moderate risk

Wetlands11.3% of tract

Little to no mapped wetland coverage.

Average slope6.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power165 ft away

Power at or near the road.

Buildable area7.78 of 9.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$108,955

$86,846 – $131,064 · $11,804/ac on 9.23 ac

Asking vs estimate

+59.7%

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 $174,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$62,260

$6,745/ac · +30.0% target margin

You need $111,740 off asking to hit this margin.

All-in cost$67,552

Net resale$100,239

Projected profit$32,687

ROI+48.4%

Annualized+69.3%

Break-even resale$7,955/ac

Profit if resale lands off target

-20%

$12,639

-10%

$22,663

$32,687

+10%

$42,710

+20%

$52,734

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-135124 Paved · Off grid	10.2	Jul 27, 2026	$182,700	17,862	12,235	1.0 mi	87
DE-335378 Gravel · Off grid	12.3	Jul 8, 2026	$232,800	18,928	15,580	5.8 mi	80
DE-564420 Paved · Off grid	6.2	Mar 2, 2026	$100,100	16,282	10,959	4.7 mi	75
DE-305858 Gravel · Off grid	17.4	Jul 27, 2026	$224,700	12,900	10,989	7.8 mi	74
DE-515658 Landlocked · Off grid	15.1	Jan 16, 2026	$180,200	11,957	15,064	10.2 mi	73
DE-973474 Landlocked · Power at road	3.1	Jul 27, 2026	$27,100	8,757	8,312	8.6 mi	73
DE-773645 Landlocked · Off grid	3.5	Aug 2, 2025	$25,600	7,287	8,506	2.9 mi	68
DE-573452 Gravel · Off grid	3.0	Jul 27, 2026	$53,200	17,450	13,244	11.4 mi	66
DE-683760 Dirt · Off grid	3.8	Nov 18, 2025	$53,400	14,028	12,830	7.0 mi	65
DE-125708 Paved · Power at road	15.6	Nov 7, 2024	$232,000	14,852	9,651	11.9 mi	64

Show adjustment detail for the top comp

Tract size (10.23 ac → 9.23 ac)+0.8%
Access (Paved → Landlocked)-42.4%
Utilities (Off grid → Power at road)+17.6%

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.

Build the listing kit Post a deal or JV