Kent County, DE · Sold

DE-937063

1818 County Road 123

$493,700

$11,842/ac · 41.69 ac

Offer report Market this tract

Acreage41.69 ac

Price per acre$11,842/ac

ZoningAgricultural

Road accessDirt

UtilitiesPower at road

TopographyWooded

ListedJul 6, 2024

Coordinates39.0979, -75.4629

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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

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands18.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power22 ft away

Power at or near the road.

Buildable area32.36 of 41.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$558,633

$433,209 – $684,056 · $13,400/ac on 41.69 ac

Asking vs estimate

-11.6%

Priced below the comp set

Weighted from 9 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 $493,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$319,219

$7,657/ac · +30.0% target margin

You need $174,481 off asking to hit this margin.

All-in cost$346,353

Net resale$513,942

Projected profit$167,589

ROI+48.4%

Annualized+69.2%

Break-even resale$9,030/ac

Profit if resale lands off target

-20%

$64,801

-10%

$116,195

$167,589

+10%

$218,983

+20%

$270,378

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-748633 Paved · Power at road	130.0	Mar 27, 2026	$1,465,100	11,269	10,792	2.3 mi	75
DE-776855 Dirt · Full utilities	35.9	Dec 3, 2024	$426,300	11,888	10,161	5.8 mi	74
DE-305858 Gravel · Off grid	17.4	Jul 27, 2026	$224,700	12,900	11,460	4.5 mi	73
DE-477961 Dirt · Full utilities	79.9	Dec 12, 2025	$1,168,000	14,618	14,127	6.1 mi	72
DE-178148 Landlocked · Off grid	91.5	May 14, 2026	$991,600	10,837	19,295	5.7 mi	71
DE-335378 Gravel · Off grid	12.3	Jul 8, 2026	$232,800	18,928	16,247	4.1 mi	69
DE-515658 Landlocked · Off grid	15.1	Jan 16, 2026	$180,200	11,957	15,708	4.6 mi	67
DE-478623 Gravel · Off grid	129.1	Mar 12, 2026	$1,242,300	9,625	12,793	4.0 mi	67
DE-125708 Paved · Power at road	15.6	Nov 7, 2024	$232,000	14,852	10,064	6.2 mi	61

Show adjustment detail for the top comp

Tract size (130.01 ac → 41.69 ac)+29.3%
Access (Paved → Dirt)-27.1%
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.

Build the listing kit Post a deal or JV