Kent County, DE · Sold

DE-478623

8421 County Road 146

$1,418,200

$10,987/ac · 129 ac

Offer report Market this tract

Acreage129 ac

Price per acre$10,987/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographySloped

ListedFeb 25, 2025

Coordinates39.0427, -75.4870

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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

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

Low risk

Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope23.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

986 ft of deeded road frontage.

Power3,638 ft away

Service extension needed; get a utility quote.

Buildable area73.89 of 129.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,414,854

$1,134,870 – $1,694,838 · $10,961/ac on 129 ac

Asking vs estimate

+0.2%

In line with the comp set

Weighted from 8 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 $1,418,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$808,488

$6,263/ac · +30.0% target margin

You need $609,712 off asking to hit this margin.

All-in cost$877,209

Net resale$1,301,665

Projected profit$424,456

ROI+48.4%

Annualized+69.2%

Break-even resale$7,387/ac

Profit if resale lands off target

-20%

$164,123

-10%

$294,289

$424,456

+10%

$554,623

+20%

$684,789

Comparable sales8 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	8,265	6.1 mi	82
DE-929001 Landlocked · Power at road	169.7	Jul 27, 2026	$1,320,600	7,780	10,483	10.3 mi	78
DE-178148 Landlocked · Off grid	91.5	May 14, 2026	$991,600	10,837	14,778	8.5 mi	77
DE-477961 Dirt · Full utilities	79.9	Dec 12, 2025	$1,168,000	14,618	10,820	9.7 mi	74
DE-299476 Landlocked · Full utilities	239.4	Jan 31, 2025	$2,219,000	9,267	11,965	8.4 mi	68
DE-159236 Paved · Full utilities	201.2	Jun 23, 2024	$3,673,000	18,252	13,242	2.7 mi	67
DE-779268 Dirt · Power at road	205.9	Aug 22, 2024	$1,625,700	7,894	9,588	10.9 mi	67
DE-937063 Dirt · Power at road	41.7	Feb 9, 2025	$427,500	10,255	8,354	4.0 mi	60

Show adjustment detail for the top comp

Access (Paved → Gravel)-15.3%
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.

Build the listing kit Post a deal or JV