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Mendocino County, CA · Sold

CA-387827

4851 County Road 188

$1,337,000
$5,762/ac · 232 ac
Acreage232 ac
Price per acre$5,762/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedApr 4, 2024
Coordinates39.5191, -123.3454
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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

Mendocino County, California. Wide spread between Central Valley ag ground and buildable foothill parcels.

View Mendocino market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area213.82 of 232.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,554,056
$1,284,902$1,823,210 · $6,697/ac on 232 ac
Asking vs estimate
-14.0%
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 $1,337,000
Maximum allowable offer
$888,032
$3,827/ac · +30.0% target margin

You need $448,968 off asking to hit this margin.

All-in cost$963,515
Net resale$1,429,732
Projected profit$466,217
ROI+48.4%
Annualized+69.2%
Break-even resale$4,513/ac
Profit if resale lands off target
-20%
$180,271
-10%
$323,244
0%
$466,217
+10%
$609,190
+20%
$752,163
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CA-917421
Gravel · Power at road
172.9May 2, 2026$1,116,7006,4584,9970.6 mi
82
CA-327392
Dirt · Full utilities
169.3May 16, 2026$1,777,00010,4957,68212.4 mi
80
CA-687411
Landlocked · Full utilities
171.7Jul 27, 2026$1,399,9008,1557,51614.4 mi
80
CA-167668
Dirt · Off grid
206.8Jun 20, 2026$1,272,4006,1536,80410.2 mi
80
CA-456538
Landlocked · Full utilities
91.2Jul 27, 2026$722,4007,9216,2031.9 mi
79
CA-168196
Paved · Power at road
303.1Apr 20, 2026$2,945,6009,7177,47616.9 mi
76
CA-818743
Dirt · Power at road
450.6Jul 27, 2026$2,438,1005,4116,3528.3 mi
73
CA-797138
Gravel · Off grid
140.9Apr 6, 2026$977,4006,9395,9969.7 mi
72
CA-579246
Dirt · Full utilities
648.6Jul 27, 2026$3,064,5004,7255,0776.0 mi
72
CA-408098
Gravel · Power at road
282.4Apr 10, 2024$2,627,6009,3058,9724.8 mi
69
Show adjustment detail for the top comp
  • Tract size (172.91 ac → 232.04 ac)-7.9%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (3 mo)+1.2%

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.