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Lorain County, OH · Sold

OH-796396

516 County Road 155

$257,400
$5,561/ac · 46.29 ac
Acreage46.29 ac
Price per acre$5,561/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedFeb 11, 2024
Coordinates41.3831, -82.2240
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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

Lorain County, Ohio. Tillable ground with strong small-acreage homesite demand.

View Lorain market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.1%

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.

Power8,034 ft away

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

Buildable area38.39 of 46.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$303,629
$249,348$357,910 · $6,559/ac on 46.29 ac
Asking vs estimate
-15.2%
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 $257,400
Maximum allowable offer
$173,502
$3,748/ac · +30.0% target margin

You need $83,898 off asking to hit this margin.

All-in cost$188,250
Net resale$279,339
Projected profit$91,089
ROI+48.4%
Annualized+69.3%
Break-even resale$4,420/ac
Profit if resale lands off target
-20%
$35,221
-10%
$63,155
0%
$91,089
+10%
$119,023
+20%
$146,957
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OH-456653
Dirt · Power at road
55.8Jul 27, 2026$393,3007,0534,9326.7 mi
81
OH-557393
Landlocked · Power at road
95.3Jul 27, 2026$688,7007,2267,2152.6 mi
79
OH-605300
Dirt · Power at road
20.9May 13, 2026$237,10011,3346,7662.6 mi
73
OH-615679
Paved · Off grid
27.5Aug 3, 2025$361,80013,1377,2173.8 mi
72
OH-265324
Dirt · Power at road
21.3Jul 27, 2026$162,2007,6174,5187.8 mi
72
OH-427599
Dirt · Power at road
110.7Jul 27, 2026$1,131,70010,2278,3798.0 mi
70
OH-935532
Gravel · Full utilities
24.8May 8, 2026$423,50017,1137,37410.4 mi
70
OH-937768
Gravel · Off grid
125.1Apr 3, 2026$785,3006,2795,4417.8 mi
68
OH-335257
Dirt · Power at road
20.3Nov 7, 2025$237,40011,7067,1087.5 mi
66
OH-657581
Dirt · Off grid
109.2Nov 6, 2023$704,5006,4506,90410.4 mi
57
Show adjustment detail for the top comp
  • Tract size (55.76 ac → 46.29 ac)+3.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%

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.